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Siam Legal Phuket Advises on Thailand's Crackdown on Nominee Firms Affecting Foreign Investors

Siam Legal Phuket Advises on Thailand's Crackdown on Nominee Firms Affecting Foreign Investors

Siam Legal International, a law firm based in Phuket, is advising foreign investors on the legal implications following Thailand's intensified enforcement against nominee structures. This comes after the Department of Business Development, in collaboration with other government agencies, shut down four companies in Chon Buri province. These companies were suspected of using Thai nominee shareholders to bypass foreign ownership restrictions under the Foreign Business Act. The enforcement targeted businesses in the tourism and property sectors, allegedly controlled by foreign interests through indirect shareholding. Authorities found patterns of corporate structuring designed to evade legal ownership limits, with some companies registered under the same address and linked to a single Thai national. This crackdown included revoking licenses for tour operators not meeting statutory director requirements, with further investigations ongoing.
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Thailand Advances Mandatory Tourist Insurance Amid Rising Medical Costs

Thailand Advances Mandatory Tourist Insurance Amid Rising Medical Costs

Thailand is moving forward with plans to require international tourists to obtain accident insurance before entering the country. This initiative is in response to increasing unpaid medical bills from foreign patients, which are straining the public healthcare system. The Ministry of Public Health estimates that unpaid bills amount to at least THB100m annually, with Phuket and Chiang Mai being heavily affected. Hospitals are ethically obligated to provide emergency treatment, often absorbing costs when patients cannot pay. Despite the relatively low cost of travel insurance, uptake among travelers remains inconsistent. Policymakers are considering mandatory insurance as a viable solution, alongside a proposed THB300 entry fee for air passengers.
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Cambium Networks Faces Revenue Decline and Net Loss Amid Industry Challenges

Cambium Networks Faces Revenue Decline and Net Loss Amid Industry Challenges

Cambium Networks Faces Revenue Decline and Net Loss Amid Industry Challenges
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Inside a huge compound on Thailand-Cambodia border where 10,000 workers scammed people globally

Inside a huge compound on Thailand-Cambodia border where 10,000 workers scammed people globally

Scam compounds have mushroomed across Southeast Asia since the pandemic
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Agriculture Minister Secures Russian Fertiliser to Mitigate Farm Costs Amid Global Price Shocks

Agriculture Minister Secures Russian Fertiliser to Mitigate Farm Costs Amid Global Price Shocks

The Minister for Agriculture and Cooperatives, Suriya Juangroongruangkit, has initiated an emergency plan to import 2 million tonnes of fertiliser from Russia. This move aims to alleviate rising input costs and domestic supply shortages affecting Thai farmers. The initiative is part of a broader strategy titled 'Innovative Agriculture for Sustainability,' which seeks to modernize the agricultural sector while addressing immediate market distortions. The plan includes cracking down on stockpiling practices that have exacerbated price spikes. The Ministry is also focusing on long-term competitiveness through high-tech farming methods, including precision agriculture and digital mapping.
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Nestlé Waters Wins Award for Water Stewardship Project in Thailand

Nestlé Waters Wins Award for Water Stewardship Project in Thailand

Nestlé Waters & Premium Beverages has been recognized with the Water, Waste & Resource Efficiency Award by edie for its Khanom Chin Canal project in Thailand. The initiative transformed a severely degraded waterway into a healthier ecosystem, demonstrating effective corporate water stewardship. The project not only restored the canal but also revitalized the surrounding community, showcasing how businesses can deliver measurable benefits for both nature and people. This award highlights Nestlé's commitment to sustainability and resource efficiency, aligning with broader environmental goals.
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Italian Prime Minister Giorgia Meloni Pushes for Leadership Change at Leonardo Amid Soaring Shares

Italian Prime Minister Giorgia Meloni Pushes for Leadership Change at Leonardo Amid Soaring Shares

Italian Prime Minister Giorgia Meloni is advocating for a change in leadership at Leonardo, a major state-owned defense and aerospace company. This move comes as the company has experienced a significant increase in its share value, rising by 780% since Russia's invasion of Ukraine in 2022. The Italian government, which holds a 30% stake in Leonardo through the Economy Ministry, is expected to file a slate of board candidates by April 13. Lorenzo Mariani, a former executive at Leonardo and current managing director for Italy at missile maker MBDA, is a leading candidate for the CEO position. The potential leadership change is part of a broader round of appointments at state-controlled companies, including utility Enel and energy major Eni, as executives' contracts are set to expire soon.
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Golf-Soccer has FIFA, Augusta has Fifa as Thai amateur set for Masters debut

Golf-Soccer has FIFA, Augusta has Fifa as Thai amateur set for Masters debut

By Frank Pingue AUGUSTA, Georgia, April 6 (Reuters) - In the same year the FIFA World Cup will be held in the United States, Canada and Mexico, a Thai golfer named after world soccer's governing body will make his major championship debut at the Masters.
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Cambodian Scam Compound Exposed Following Thai Air Force Bombing

Cambodian Scam Compound Exposed Following Thai Air Force Bombing

A massive scam compound located in O Smach, Cambodia, has been exposed following a bombing by the Thai air force. The compound, which included replicas of police stations and banks from various countries, was used to defraud thousands of people worldwide. The operation was highly organized, with strict rules for workers, who were required to ask permission for basic activities like using the toilet. The compound was abandoned after the bombing, which was part of a brief border conflict between Thailand and Cambodia. Thai authorities claimed that Cambodian drones were being launched from the casino within the compound.
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The Unique Tourism Collection Appoints Victoria Jaworskyj as Senior Account Director

The Unique Tourism Collection Appoints Victoria Jaworskyj as Senior Account Director

The Unique Tourism Collection Appoints Victoria Jaworskyj as Senior Account Director
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Thaicom Partners with Amazon Leo to Enhance Broadband Connectivity in Thailand

Thaicom Partners with Amazon Leo to Enhance Broadband Connectivity in Thailand

Thaicom Partners with Amazon Leo to Enhance Broadband Connectivity in Thailand
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Thaicom Partners with Amazon Leo to Enhance Satellite Connectivity in Thailand

Thaicom Partners with Amazon Leo to Enhance Satellite Connectivity in Thailand

Thaicom, a prominent Asian satellite operator, has announced a strategic partnership with Amazon Leo, Amazon's low Earth orbit (LEO) satellite network. Under this agreement, Thaicom's subsidiary, TC 142 Company, will act as an authorized distributor and landing rights holder for Amazon Leo in Thailand. This collaboration aims to deliver fast and reliable broadband connectivity to downstream distributors, thereby expanding internet access to customers, communities, and businesses beyond the reach of existing networks. Amazon Leo's deployment of thousands of satellites in low Earth orbit, linked to a global network of antennas and internet connection points, is expected to significantly improve broadband quality and reliability for regional, rural, and remote Thai communities.