Thailand Vows To Take Tough Stand On Counterfeit Goods

[churchill]

Thailand on Friday vowed proactive enforcement to suppress intellectual property violations, targeting a goal of outstanding results in hand to eliminate such economic crimes

Demand from businesses have increased rapidly over the years in Thailand

Economists and analysts forecast gloomier times, predicting Thailand’s GDP to contract by 0-3 percent while the country descends into a deflationary spiral. Moody’s Economy.com says Thailand could be the Asian economy that suffers the most from the global financial crisis. Plus the spectre of further political unrest remains on the horizon.

However, there are some signs that Thailand can ride out the economic firestorm. Government debt-to-GDP remains below average regionally speaking, the financial sector learnt from the 1997 meltdown and remains relatively well capitalised and liquid, and Board of Investment privileges are some of the best in Southeast Asia.

The approved Financial Institution Business Act (FIBA) facilitates increase in foreign ownership in Thai foreign institutions.

The Financial Institution Business Act (FIBA) became effective on 3 August 2008 as planned. The FIBA allows financial institutions to raise the foreign limit from 25 percent to 49 percent with permission from the BOT and foreign investors may own more than 49 percent equity stake in Thai banks with permission from the Ministry of Finance and recommendation by the BOT. The increase in foreign limit would encourage Thai banks to seek foreign strategic partners to strengthen the capital base, improve core banking business, IT platform, know-how and add inorganic growth to Thai banks.

http://thailand-business-news.com/news/fea...nterfeit-goods/

[sanook2me]

.

thailand-vows-to-take-tough-stand-on-counterfeit-goods

Does this include farang English teachers?