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FOREIGN INVESTMENT LAW: The most important law governing foreign direct investment in business in Thailand is the Foreign Business Act of 1999 (FBA), which reserves certain business activities for Thais. Under the FBA, the definition of “alien” includes, among other things, foreign nationals, foreign...

The main body of tax law in Thailand is the Revenue Code. Taxes under the Revenue Code are collected under a self-assessment system of taxation, whereby taxpayers assume responsibility for correctly filing their tax returns and paying taxes annually.

Three years into a second decade of planned reforms, the Thai educational system is facing a growing public crisis of confidence as the Ministry of Education’s (MoE) performance is outpaced by a rapidly evolving economy. Compounded by six years of domestic political instability and a global economic crisis, public debate rages on the nation’s...

With a 94% adult literacy rate, Thailand enjoys a thriving and diverse media environment that has emerged after decades of state-led development. Lifestyle and entertainment formats have proven the most popular across all mediums, which are led by television and radio. Print media has suffered in the advent of the digital age, which has stimulated...

Valued at BT129bn ($4.11bn) in 2011 by the Board of Investment (BOI), Thailand’s pharmaceuticals industry continue to ride high on growing domestic and export demand. These prospects are expected to push market value to BT225bn ($7.18bn) by 2019, in which time Thailand’s own Government Pharmaceutical Organisation (GPO) is hoping to tap into the 2015...

While the e-commerce market in Thailand still lags behind those in regional peers, it is fast making up for lost ground. With a population of some 21m internet users in 2011 (up from 18.3m in 2009), a full 12m of whom connect via mobile devices, there is certainly scope for further growth. Indeed the increases are not just in Bangkok. “While the...