Japan’s First Ever Plea Bargain Reached in Thailand Bribery Case

          A Japanese firm agreed to a plea deal after allegedly bribing public officials in Thailand, in what is the country's first ever plea bargain since introducing the new system last month. Japanese government investigators alleged that Mitsubishi Hitachi Power Systems Ltd. (MHPS) violated the Unfair Competition Prevention Law by bribing foreign officials. Although MHPS struck a plea deal with the government, they did not admit any wrongdoing … [Read more...]

Thai Government Courting Chinese Investors for $51 Billion Development Project

          The ruling Thai military government is courting Chinese investors to help fund a $51 billion infrastructure and economic development plan for the country's eastern seaboard. The so-called Eastern Economic Corridor project would use Chinese funds to introduce technologically advanced industries to the region, from biotech and robotics to aircraft maintenance, in hopes to revamp what was a traditional manufacturing hub of the … [Read more...]

Thailand Considering New Tax on Online Foreign Companies

                Thailand is examing a new law that would require all foreign businesses with no physical presence in the country to report all their transactions to their government to determine if they should pay value added tax (VAT), which currently stands at 7%. As of now, foreign companies can skirt Thailand's VAT as long as they maintain a purely digital presence in the country. The Thai Department of Revenue's new tax … [Read more...]