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European Chambers Luncheon: BOI Policy Update
Date: Thursday, 30 March 2017
Time: 11.30 – 14.00 hrs.
Venue: Conrad Bangkok Hotel, Ballroom on 4th Fl. (map)
Price: Baht 1,200 for members and Baht 2,000 for non-members
*3-course lunch inclusive
*Advance payment and booking at least 3 days before the event
*Cancellations, if any, must be done at least 3 days before the event.
RSVP: to email@example.com by 24 March 2017
Join us for a luncheon talk with Khun Duangjai Asawachintachit (profile), Deputy Secretary General of the Thailand Board of Investment (BOI) for the latest BOI policy updates and insights on your investments in the land of smiles. With more than 30 years of experience anchoring investments into Thailand on behalf of the BOI, working hand-in-hand with especially European investors, her expertise is definitely something you should not miss.
Expect to learn more about cluster industry development in Rayong/Map Tha Put, how your business could drive Thailand 4.0, and how BOI policy updates will benefit your businesses.
Already have specific questions/topics in mind?
Please share them here - we will make sure Khun Duangjai receive them before the event.
Below is the menu selected for the luncheon, please let us know in advance should you have specific dietary requirements.
• Appetizer: Grilled Mediterranean marinated vegetable with balsamic dressing, toasted pine nuts
• Main course: Pan seared Norwegian Salmon with Grilled Pumpkin, Potatoes Marcaine, Steamed Asparagus with White Wine Cream
• Dessert: Apple strudel with vanilla sauce and rum raisin ice cream
As part of the strategy to attract foreign investment, the 2013 reduction of its corporate income tax level to 20% saw the country’s corporate tax rate become the second lowest in the ASEAN bloc, behind only Singapore.
Two years later, in 2015, Thailand’s Board of Investment (BOI) announced a seven-year investment promotion strategy. This had a specific focus on investments intended to enhance national competitiveness, as well as activities that were environmentally friendly, energy saving or using alternative energy. It also looked to boost clusters that created an investment concentration based on regional potential, while strengthening the value chain. In particular, it aimed to nurture investments in the border provinces of southern Thailand, which could develop the local economy, as well as special economic zones capable of fostering economic connectivity with nearby countries. Additionally, it outlined plans to attract overseas investment in order to enhance the competitiveness of Thai businesses, while boosting the country’s role within the wider global economy.
Among the incentives on offer to help realise these strategic goals are a number of tax concessions, land ownership deals, and streamlined investment procedures, as well as import duty exemptions/reductions relating to activities that meet national development objectives. Additionally, any manufacturing company in receipt of investment promotion privileges is exempt from both foreign equity restrictions and local content and export requirements..
Further adventures in French bistro culinary culture unfold in an all-new, all you can eat, a la cart menu format every Sunday lunchtime at The Reflexions, Plaza Athenee Bangkok, A Royal Meridien Hotel. The talented team, led by many Michelin-restaurant experienced mistress of mouth-watering creations Chef Roxanne Lange, invites savvy diners to indulge their appetites for classic and contemporary French bistro cuisine from an original menu of over 20 dishes, optionally matched with five Italian and New World wines, draught beer and soft drinks.
Priced THB 2,500++ per person including free flow wine, draught beer and soft drinks.
For more information or to make reservation, please call 02 650 8800 or email: firstname.lastname@example.org
EABC Seminar: Lecture for European Investors on Prompt Pay
Date: Monday, 20 March 2017
Time: 10.00 – 12.00 hrs.
Venue: Plaza Athenee, A Royal Meridien Bangkok
Price: Baht 850 for EABC members and Baht 1,000 for non-members
Online registeration, please click here.
You are cordially invited to join EABC seminar and get to know the important aspects of Prompt Pay:
VIP Lunch after the session with H.E. Kiatchai Sophastienphong.
For more information, please visit EABC website.
Nordic Seminar and Networking with Lorenz & Partners on "Labour Affairs Matter – How to Avoid Labour Disputes in Thailand"
Date: Thursday, 16 March 2017
Time: 16.30 – 17.45 hrs.
Venue: The Admiral’s Pub & Restaurant, Sukhumvit 24 Road
Price: Baht 300 for TNCC members and Baht 500 for non-members (inclusive of snacks and coffee break)
RSVP: to email@example.com by 10 March 2017
Members of Thai-Norwegian Chamber of Commerce are invited to meet and discuss with the business consultants from Lorenz & Partners Co., Ltd. (L&P) on the importance of Thailand’s Labour Law and key requirements of the Thai Labour Protection Act (LPA). The speakers will elaborate on the following topics and will present concrete cases to visualize the legal risks and to enable the participants to deal with future challenges.
– Common pitfalls with regards to fixed-term employment agreements
– Preparing and issuing legally compliant warning and termination letters (Risks & Best Practices)
About the Speakers
16.30 – 16.00 Registration and snacks
16.30 – 17.30 L&P Seminar Briefing
17.30 – 17.45 Q&A
18.00 – 21.00 Networking
For more information, please download the enclosed flyer.
Members of Thai-Norwegian Chamber of Commerce are cordially invited to attend the seminar by Eurocham Cambodia on the topic of "Cambodia Focus: Explore Opportunities Across The Border"
Date: Tuesday, 14 March 2017
Time: 9.00 - 18.00 hrs.
Venue: Pullman King Power Hotel, Bangkok
RSVP: to Eurocham-Cambodia
This event, tailored specifically for European businesses in Thailand, will give you the answers on how to improve your supply chain and how to find new partners. The full day event will begin with panel sessions including the Secretary General of the Council for the Development of Cambodia, H.E. Mr. Sok Chenda Sophea, while the second half of the day will consist of B2B meetings with specialists to answer your questions and to discuss expansion possibilities in detail.
09.15: Welcoming remarks - Mr. Arnaud DARC, EuroCham Cambodia Chairman
09.20: Cambodia’s trade and investment overview - H.E. Mr. SOK Chenda Sophea, Cambodian Minister attached to the Prime Minister, Secretary General of the Council for the Development of Cambodia
09:50: How to trade with and set up a business in Cambodia - Mr Guillaume MASSIN, Managing Director, DFDL Cambodia
10.20: Coffee break / networking
10.45: Attractiveness of Cambodia - panel discussion, followed by Q & A
H.E. Mr. SOK Chenda Sophea, Cambodian Minister attached to the Prime Minister, Secretary General of the Council for the Development of Cambodia
H.E. Mr. SOK Siphana, Advisor to the Royal Government of Cambodia
H.E. Mr. George EDGAR, Ambassador of the European Union to Cambodia
H.E. Mr. Arnaud DARC, EuroCham Cambodia Chairman
11.45: Success stories
Mr. HONG Joseph, General Manager, Bosch Thailand
Ms. Lidya CORTBERG, Creative Director, Melon Rouge
12.15: Closing remarks - H.E. Mr. OK Boung, Cambodian Secretary of State for Commerce
12.30: Lunch buffet
14.00: B2B meetings
18.00: End of the event
For more information, please visit Eurocham-Cambodia
The Investment Promotion Act B.E. 2520 (BOI Act) was amended and this amendment has been effective since 25 January 2017. The official English translation has not yet been published on the BOI website (2 Feb 2017), but DFDL has summarised the changes.
Please click on the below link for the full text:
The first enactment of Thailand’s Interest Overcharging Law, which came into effect in 1932, prohibited any person from loaning money to another person and subsequently charging them interest at a rate that exceeded the rate prescribed by the law.
Eighty-five years later, Thailand finally promulgated a new law focused on this topic called “The Act Prohibiting the Collection of Interest at an Excessive Rate B.E. 2560 (2017)” on January 15, 2017. The new law was made effective the following day, repealing the 1932 version.
A key element of this new law is the enhanced stringent penalties imposed on any person who loans money to an individual and then levies interest on repayments at a rate exceeding that permitted by law. This action will result in the offender facing criminal sanctions amounting to imprisonment for no more than two years, a fine of not more than THB 200,000, or both. These penalties are significantly stricter than those meted out under the previous Act, which only imposed up to a one-year imprisonment term, a fine of not more than THB 1,000, or both.
The best ever Seafood under the Stars at the Norwegian Ambassador's Residence featuring renowned Norwegian Chef Markus Dybwad is just around the corner. Mark your calendars!
Date: Thursday, 26 January 2017
Time: 18.30 – 22.00 hrs.
Venue: Residence of H.E. the Norwegian Ambassador, 74 Sukhumvit Soi 38
Price: Members: Baht 5,000 plus 7% VAT. Table for 10: Baht 48,000 plus 7% VAT
RSVP: firstname.lastname@example.org by 20 January 2017.
With a record of accomplishment from Michelin starred restaurants such as Restaurant Bagatelle in Norway, Heston Blumenthal’s The Fat Duck in UK, Iggys and Equinox in Singapore, Norwegian born Chef Markus Dybwad is taking his experience to Asia to give you the best of what can be offered of cold water seafood. Chef Markus has through his curious nature been introduced to the traditional Norwegian cooking, the fine dining cuisine of the Fat Duck, the French style in Paris, and through nearly three years around Asia, the Eastern palette. This has developed into a food philosophy where styles, flavours and traditions are pieces of the puzzle leading to the ultimate moment of the guest satisfaction.