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Asian markets wrap-up for today

thai stocks graph set

Today, Asian markets followed the positive trend set by the US, with stocks opening higher thanks to a rise in US tech shares. This upward movement was seen across all markets in Asia, reflecting a generally optimistic sentiment among investors. The strong performance of US stocks seemed to have a ripple effect on Asian markets, paving the way for a successful trading day.

This article provides a brief wrap-up of the day’s activities in Asian markets, highlighting the overall positive trend that was observed. With US tech shares leading the way, Asian stocks saw gains as well, signaling potential opportunities for investors in the region. The positive market sentiment bodes well for continued growth and stability in the coming days as investors continue to monitor developments in both the US and Asian markets.

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SEC extends renewal application period for capital market business personnel

SEC extends the renewal application period for capital market business personnel to enhance flexibility and convenience

The Securities and Exchange Commission (SEC) has announced an extension of the submission period for approval renewal applications. This decision offers greater flexibility and convenience for business operators and capital market personnel. The extension allows individuals more time to complete and submit their applications for renewal, easing any potential time constraints or pressure.

By extending the renewal application period, the SEC is demonstrating its commitment to supporting capital market personnel and business operators. This move reflects a desire to streamline processes and provide stakeholders with the necessary time to complete their applications accurately. The extension aims to ensure a smoother approval renewal process for all involved parties.

This development, detailed in a recent article, showcases the SEC’s commitment to facilitating the renewal process for capital market business personnel. The extension of the submission period will likely benefit many individuals in the industry, allowing them to navigate the renewal process more effectively and efficiently. Overall, this decision underscores the SEC’s dedication to supporting the needs of business operators and capital market professionals.

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Thailand’s tourism industry drops to 47th place in the World Economic Forum index

World Bank raises Thailand growth forecast to 3.9%

Tourism operators in Thailand are criticizing the lack of progress in infrastructure and services, claiming that the focus on existing selling points rather than development has led to a decline in the industry. The Association of Thai Travel Agents is planning to present a white paper to the Tourism Minister outlining threats and obstacles, stressing the importance of a concrete long-term plan and collaboration between the public and private sectors. This comes as Thailand dropped from 36th to 47th place in the global tourism index.

Among Southeast Asian nations, Thailand was outperformed by Singapore (13th), Indonesia (22nd), and Malaysia (35th). Thailand also fell by six spots compared to 2019, lagging behind the global average of 117 countries by 3.9%. In this index, Thailand, categorized as an upper-middle-income country, received the lowest score for tourist services and infrastructure at 2.18 out of 7. The overall index for infrastructure and services in Thailand also had a low average score of 3.61.

Source link : Thailand’s tourism industry drops to 47th place in the World Economic Forum index

May 2024 Monthly Tax Update for China

Thailand China Business News

Under China’s New Company Law, taxes for companies and stakeholders change. Pay subscribed capital within 5 years. Interest deduction rules apply. Consult experts.


Understanding New Tax Implications Under China’s New Company Law

China’s New Company Law introduces new tax implications for companies and stakeholders. Shareholders of Limited Liability Companies (LLCs) must pay subscribed capital within five years, while interest expenses related to external loans are eligible for pre-tax deduction, subject to certain restrictions. It is crucial to consult legal and tax experts for risk management and strategic financial planning.

Strategies for Proactive Risk Management and Tax Planning

Companies, shareholders, and creditors are urged to consider the tax implications of capital commitments, equity transactions, and capital reductions under the New Company Law. Article 47 mandates LLC shareholders to meet subscription capital requirements within five years of establishment. To avoid penalties, businesses must adjust to the new contribution term and comply with pre-tax deduction regulations on interest expenses incurred from external borrowings.

Source link : May 2024 Monthly Tax Update for China by China Watch

Phuket’s Foreign Investment Crackdown: Over 200 Arrested in Nominee Scheme

Thai tourism prepares to welcome back foreign tourists

A recent crackdown in Phuket, Thailand resulted in the arrest of over 200 individuals, including 98 foreign nationals mostly from Russia, who were using Thai nominees to illegally operate businesses reserved for Thai citizens. The operation, known as “Operation Nominee,” aimed to put an end to the practice of using nominees to circumvent ownership laws in the country.

The crackdown comes as part of a larger effort to enforce regulations on foreign investment in Thailand, particularly in popular tourist destinations like Phuket. The arrests highlight the government’s commitment to cracking down on illegal activities that undermine the local economy and deprive Thai citizens of business opportunities.

The authorities are sending a strong message that the use of nominees to operate businesses in Thailand will not be tolerated. By enforcing regulations and cracking down on illegal activities, the government aims to protect the interests of Thai citizens and ensure that foreign investment is conducted in a legal and transparent manner.

Source link : Phuket’s Foreign Investment Crackdown: Over 200 Arrested in Nominee Scheme

Is Thailand’s stock market set for a recovery?

Is Thailand’s stock market poised for a recovery?

Global funds are eyeing Thai equities, indicating investor confidence in the market. The interest stems from recent data suggesting a potential economic recovery in Thailand, supported by government stimulus, growth in tourism, rising domestic consumption, and attractive valuations. This trend bodes well for the Thai stock market, signaling optimism for its future performance.

The article poses the question of whether Thailand’s stock market is poised for a recovery. With global funds showing interest in purchasing Thai equities, there is a sense of optimism surrounding the market. Factors such as government support, tourism growth, and favorable valuations are contributing to the potential economic turnaround in Thailand, reflecting a positive outlook for investors and market observers.

Overall, the data indicates a promising outlook for Thailand’s stock market. Investor confidence is on the rise, supported by various factors that suggest a potential economic recovery. With global funds expressing interest in Thai equities, there is growing anticipation of positive developments in the market, setting the stage for a possible turnaround and improved performance in the future.

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Empowering Thailand’s Workforce: Teast’s Role in Boosting English Proficiency

teast

Thailand’s economy is becoming more connected to global markets, creating a demand for proficient English speakers in the workforce. The ability to communicate effectively in English is now considered a valuable skill as the country strengthens its relationships internationally. This shift in the business landscape highlights the importance of enhancing English proficiency among Thai workers.

Teast plays a vital role in empowering Thailand’s workforce by helping individuals improve their English language skills. By providing resources and support for English language learning, Teast contributes to boosting the proficiency levels of Thai employees. Through initiatives focused on enhancing communication abilities, Teast is instrumental in preparing workers to succeed in an increasingly globalized business environment.

As Thailand continues to strengthen its ties with global markets, the demand for proficient English speakers is expected to rise. By offering opportunities for individuals to improve their English proficiency, Teast plays a key role in ensuring that Thai workers are equipped to excel in the evolving business landscape. With the support of organizations like Teast, Thailand’s workforce is better prepared to meet the communication needs of an interconnected global economy.

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Bangkok named ‘Best City’ in DestinAsian’s 2024 Readers’ Choice Awards

Bangkok named ‘Best City’ in DestinAsian’s 2024 Readers’ Choice Awards

Bangkok has been named as the ‘Best City’ in the DestinAsian Readers’ Choice Awards 2024, with Thai Airways also receiving recognition in multiple categories. The Tourism Authority of Thailand (TAT) announced this prestigious title for Bangkok, marking the fourth time the city has been awarded. Famous for its cultural heritage, temples, cuisine, and lively street life, Bangkok continues to attract travelers with its blend of tradition and modernity. The city’s dynamic energy, diverse attractions, and hospitality contribute to its reputation as a top-tier destination.

This recognition further solidifies Bangkok’s position as a premier destination that captivates visitors from around the world. With its rich heritage, vibrant street life, and delectable cuisine, Bangkok continues to enchant travelers with its unique charm. Embracing this latest accolade, the city reaffirms its reputation for blending tradition with innovation, providing unforgettable experiences for all who visit. This recognition not only celebrates Bangkok’s allure but also showcases its enduring appeal and commitment to offering exceptional experiences for visitors.

Source link : Bangkok named ‘Best City’ in DestinAsian’s 2024 Readers’ Choice Awards