The Japan Transport Consulting Corporation (JTC) has participated in over a dozen railway projects in Vietnam since 1993 in connection with Japan’s Official Development Assistance (ODA) program. Following discoveries made by Tokyo tax authorities in April 2013 of several unusual expenses related to JTC’s ODA projects, JTC and three of its officials are being prosecuted for giving bribes totaling 69.9 million yen to officials of the Vietnam Railways Corporation over a four ye...Read more
The National Council for Peace and Order (NCPO) has ordered a one year delay in the auction for licenses for the 4G mobile phone spectrum planned by the National Broadcasting and Telecommunications Commission (NBTC) as reported here.
The economic consequences of the delay will be significant. California-based research firm Frost & Sullivan has estimated that it will cause a potential opportunity loss of up to US$1 billion (Baht 31.9 billion ) from 4G network investment and an additional $3...Read more
Foreign companies will be able to list their initial public offerings in the Thai capital markets, as stated in a news release by the Thai Securities and Exchange Commission (SEC). Foreign companies will also be permitted to access the Thai capital markets for dual offerings in connection with offerings in other countries simultaneously or within a "proximate period". Thai-based companies with majority foreign shareholders and an overseas core business will als...Read more
Please see our new article highlighting the Thai Immigration Department's new efforts to crackdown on visa overstays here.
For more information on visas and work permits in general, please see the knowledge section of our website here.Read more
Foreigners who are required to contact the Immigration Department for such routine matters as obtaining re-entry permits, long term visa renewals, and other similar items will be faced with another regulatory requirement. In addition to other items currently required in support of such applications, foreigners must now submit a notification form reporting their residence. While this requirement has been in effect for some time, it has not been strictly enforced by the Immigration ...Read more
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