Foreign Ownership of Land Under Consideration (Again)
The Bangkok Post is reporting that the Thai government is again considering opening up land ownership to foreigners in Thailand. Foreigners are generally prohibited from owning land in Thailand, and this often comes as a surprise to foreigners from more open and developed jurisdictions where there are no such restrictions. Not surprisingly, this is generating controversy and cynicism about...
Are you ready for the Thai Personal Data Protection Law?
The Thai Personal Data Protection Act B.E. 2562 (2019) (“PDPA”) comes into full force on 1 June 2022. The PDPA technically came into force in 2019, but enforcement of the core provisions of the PDPA, including those imposing duties on data controllers and data processors as well as punishments for violations of the PDPA, was postponed was until 1 June 2022 (“Full Enforcement Date”).
There was...
Higher Returns for Property, Tourism, Entertainment, etc. Sectors After Pandemic Ends
Higher Returns in Tourism, Property, etc., after the Pandemic Ends
The Bangkok Post reported on 20 November 2020 that “Thailand’s biggest manager of distressed assets is bracing for another difficult year in 2021, as the economy faces more headwinds from the pandemic”. This article goes on to quote Bungyong Visatemongkolchai, the chairman of Bangkok Commercial Asset Management Plc (BAM) as...
A Perfect Storm For Thailand’s Tourism Sector
Pfizer and BioNTech have announced the development of a vaccine that is over 90% successful in preventing Covid-19. This should open investment opportunities in Thailand, particularly in Thailand’s tourism sector.
Thailand’s tourism sector and much of its economy has been in a slump since the Thai government took stringent measures to prevent the spread of Covid-19 in Thailand. Thailand’s...