New Business Reforms Unpopular With Foreign Investors

Proposals for new foreign business ownership rules have been approved by the Thai cabinet, much to the consternation of foreign investors. The new laws include jail terms of up to five years for violators, and an increase in the minimum fine (raised five times to THB500,000, equal to US$14,300) for those who fall foul of the rules, but foreign investors will now have longer - three years rather than the originally proposed two years - to ensure that they conform.

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