Thailand considers imposing 7% VAT on Chinese goods under $40 to protect local businesses. China is Thailand’s top trade partner with investments in various sectors. Thai Government Considers Imposing VAT on Chinese Goods The Thai government is contemplating enforcing a seven percent value-added tax on Chinese products priced below 1,500 baht (US$40) that are funneled […]
Cyberattacks on financial firms have doubled since the pandemic, with losses reaching $2.5 billion. Developing effective cybersecurity strategies, cooperation, and regulation is crucial to address cyber risk successfully. Cyberattacks on the Rise The number of cyberattacks has more than doubled since the pandemic began, with some companies experiencing heavy tolls from these incidents. For instance, […]
China’s new data export regulations ease compliance thresholds, provide exemptions for certain scenarios, and allow free trade zones to implement their own rules, benefiting companies engaging in cross-border data transfer. New Regulations for Cross-Border Data Transfer in China The Cybersecurity Administration of China has introduced new regulations to streamline cross-border data transfer for companies operating […]
Thailand’s economy grew only 1.9% last year, much lower than its Southeast Asian neighbors. Factors include slow demand from export markets and a shift towards high-skilled services. Despite challenges, the economy is expected to improve with a 2.6% growth this year due to factors like tourism, exports, and private consumption. Thailand’s Economic Slowdown Thailand’s economy […]
Sony Group has opened a new semiconductor fab in Thailand to increase production of automotive image sensors, creating 2,000 jobs and focusing on advancing driver-assistance systems technology. Key Takeaways Sony Group has recently launched a new semiconductor fab in Thailand to increase production of automotive image sensors for driver-assistance systems. The facility, located in Pathum […]
XTransfer debuts in Thailand at “STYLE Bangkok 2024”, offering innovative payment solutions to promote trade between China and Thailand with a 32.5% increase in money collected from Thai SMEs. XTransfer Launches in Thailand at “STYLE Bangkok 2024” XTransfer, a leading B2B cross-border trade payment platform, has introduced its services in Thailand at the “STYLE Bangkok […]
The Thai government is addressing PM2.5 pollution in the Northern region by considering banning corn imports and discussing solutions with neighboring countries. Air pollution poses health risks and environmental challenges, with crop burning being a major concern. Measures to mitigate pollution include promoting sustainable alternatives, educating farmers, and enforcing regulations. Air pollution in Thailand has […]
The US plans to renew the Generalized System of Preferences (GSP) scheme for Thailand to strengthen trade relations and promote economic cooperation, focusing on supply chain development and modern industries. Strengthening Trade Relations with the US The Commerce Minister of Thailand, Mr Phumtham Wechayachai, held a meeting with US Secretary of Commerce Gina Raimondo to […]