Business
Thailand to legalize Grab Taxi in March 2020
The Thai government is taking steps to legalize Grab taxi services, expected to be effective from March 2020. The Grab motorcycle service is pending further study.
BANGKOK (NNT) – The government is taking steps to legalize Grab services, expected to be effective from March 2020, beginning with the Grab taxi service.
The Grab motorcycle service is pending further study.
Deputy Government Spokesperson Traisulee Traisoranakul quoted Transport Minister Saksayam Chidchob as saying the legalization of Grab services via their application will be submitted to the cabinet for consideration.
Ministerial regulations and conditions will also be defined for private vehicles to be used to provide Grab services and licenses will be issued for corporate operators of the Grab services.
Ms. Traisulee confirmed that the government has a policy to legalize public vehicle services via the use of applications to provide convenience and justice for the people.
Many private vehicles are currently being used for Grab services illegally, though they may raise good incomes for the operators.
The government has listened to the views of all parties involved with regards to the proposed legalization of the Grab taxi service.
Banking
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Bank cuts Thai 2020 GDP growth outlook to 2.7%
SCB’s Economic Intelligence Center (EIC) has released its latest growth forecast, at 2.7 percent, showing a slow recovery from just 2.5 percent economic growth in 2019
SCB’s Economic Intelligence Center (EIC) has released its latest forecast, indicating that the Thai economy at the end of 2020 will have grown by 2.7 percent, showing a s recovery from just 2.5 percent economic growth in 2019, thanks to a better performing export sector and improved global economy.
(more…)Business
BOI steps up investment promotion measures in the EEC
The measures will be in effect from January 2, 2020, to December 2021. Applicants can sign up for the new privileges, with no deadline set for registration.
BANGKOK(NNT) – The Board of Investment of Thailand (BOI) has approved measures to promote investment in the Eastern Economic Corridor (EEC) by expanding the number of target industries and increasing corporate income tax benefits.
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