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Foreign Business Act Of 1999 (Thailand)
The Foreign Business Act was a law enacted by the Chuan Leekpai-controlled National Legislative Assembly of Thailand in 1999 that limited foreign ownership of certain Thai industries. Its predecessor was the Alien Business Act of 1972, enacted by a military junta. Industries which must be majority-owned by Thais included the newspaper business, radio stations, television stations, rice farming, animal husbandry, fishing, land trading, mining, wholesaling and retailing, restaurants, and all service businesses. The law criminalized nominees, any Thai who held shares on behalf of a foreigner. Nominees could be fined 100,000 to 1 million baht and face up to 3 years in prison. However, the law did not prohibit foreigners from being the majority in the board of directors and also did not prohibit having different classes of shares with differing voting rights. This loophole allowed thousands of foreign-controlled businesses to operate in Thailand. The new draft Foreign Business Act ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chuan Leekpai
Chuan Leekpai ( th, ชวน หลีกภัย, , ; ; born 28 July 1938) is a Thai politician who is the current President of the National Assembly of Thailand as well as the incumbent Speaker of the Thai House of Representatives. Previously he served as the Thai prime minister from 20 September 1992 to 19 May 1995 and again from 9 November 1997 to 9 February 2001. As the leader of the Democrat Party, Chuan was elected in 1992 after the abortive coup by General Suchinda Kraprayoon, thus becoming Thailand's first prime minister to come to power without either aristocratic or military backing. His first administration consisted of a five party coalition of the Democrat, New Aspiration, Palang Dhamma, Social Action, and Social Unity Parties until he was defeated in the 1995 election, but assumed power in late-1997 following the fall of the Chavalit Yongchaiyudh administration, which was held responsible for the economic crisis that beset Thailand in 1997. Although criticise ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Assembly Of Thailand
The National Assembly of Thailand ( Abrv: NAT; th, รัฐสภา, , ) is the bicameral legislative branch of the government of Thailand. It convenes in the Sappaya-Sapasathan, Dusit District, Bangkok. The National Assembly was established in 1932 after the adoption of Thailand's first constitution, which transformed Thailand from an absolute monarchy to a constitutional monarchy. During the 2013 political crisis, the House of Representatives was dissolved by Prime Minister Yingluck Shinawatra who called for election on 2 February 2014 until it was nullified by the Constitutional Court. After the 2014 ''coup d'état'', the National Assembly was replaced by the military-backed, unicameral National Legislative Assembly according to the 2014 constitution. After the promulgation of the 2017 Constitution in April 2017, the National Assembly was reestablished but the constitution allowed the military National Legislative Assembly to temporarily remain in place until the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thailand
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the extremity of Myanmar. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Bangkok is the nation's capital and largest city. Tai peoples migrated from southwestern China to mainland Southeast Asia from the 11th century. Indianised kingdoms such as the Mon, Khmer Empire and Malay states ruled the region, competing with Thai states such as the Kingdoms of Ngoenyang, Sukhothai, Lan Na and Ayutthaya, which also rivalled each other. European contact began in 1511 with a Portuguese diplomatic mission to Ayuttha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baht
The baht (; th, บาท, ; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019. History The Thai baht, like the pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a traditional system of units related by simple fractions and multiples, one of which is the '' baht''. These are listed in the following table: That system was in use up until 1897, when the decimal system devised by Prince Jayanta Mongkol, in which one baht = 100 satang, was introdu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thai Ministry Of Commerce
The Ministry of Commerce ( Abrv: MOC; th, กระทรวงพาณิชย์, ) is a cabinet ministry in the government of Thailand. The Minister of Commerce is a member of the Cabinet of Thailand. The ministry is responsible for trade, prices of important agricultural goods, consumer protection, entrepreneurship, insurance, intellectual property protection, exports, and representing Thailand at the World Trade Organization. The ministry was founded in 1892 by King Chulalongkorn (Rama V), by separating the ministry from the Ministry of Agriculture and Cooperatives. The ministry moved to its present premises in Nonthaburi in 1989. Governance and budget , the Minister of Commerce is Jurin Laksanawisit. His deputy minister is Weerasak Wangsuphakijkosol. MOC's budget for FY2019 is 6,889 million baht. About one-third of that figure is allocated to trade promotion. Departments Administration * Office of the Minister * Office of the Permanent Secretary Dependent departmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shareholding
A shareholder (in the United States often referred to as stockholder) of a corporation is an individual or legal entity (such as another corporation, a body politic, a trust or partnership) that is registered by the corporation as the legal owner of shares of the share capital of a public or private corporation. Shareholders may be referred to as members of a corporation. A person or legal entity becomes a shareholder in a corporation when their name and other details are entered in the corporation's register of shareholders or members, and unless required by law the corporation is not required or permitted to enquire as to the beneficial ownership of the shares. A corporation generally cannot own shares of itself. The influence of a shareholder on the business is determined by the shareholding percentage owned. Shareholders of a corporation are legally separate from the corporation itself. They are generally not liable for the corporation's debts, and the shareholders' liabil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baht
The baht (; th, บาท, ; sign: ฿; code: THB) is the official currency of Thailand. It is divided into 100 ''satang'' (, ). The issuance of currency is the responsibility of the Bank of Thailand. SWIFT ranked the Thai baht as the 10th-most-frequently used world payment currency as of January 2019. History The Thai baht, like the pound, originated from a traditional unit of mass. Its currency value was originally expressed as that of silver of corresponding weight (now defined as 15 grams), and was in use probably as early as the Sukhothai period in the form of bullet coins known in Thai as ''phot duang''. These were pieces of solid silver cast to various weights corresponding to a traditional system of units related by simple fractions and multiples, one of which is the '' baht''. These are listed in the following table: That system was in use up until 1897, when the decimal system devised by Prince Jayanta Mongkol, in which one baht = 100 satang, was introdu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shares
In financial markets, a share is a unit of equity ownership in the capital stock of a corporation, and can refer to units of mutual funds, limited partnerships, and real estate investment trusts. Share capital refers to all of the shares of an enterprise. The owner of shares in a company is a shareholder (or stockholder) of the corporation. A share is an indivisible unit of capital, expressing the ownership relationship between the company and the shareholder. The denominated value of a share is its face value, and the total of the face value of issued shares represent the capital of a company, which may not reflect the market value of those shares. The income received from the ownership of shares is a dividend. There are different types of shares such as equity shares, preference shares, deferred shares, redeemable shares, bonus shares, right shares, and employee stock option plan shares. Valuation Shares are valued according to the various principles in different markets ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voting Rights
Suffrage, political franchise, or simply franchise, is the right to vote in representative democracy, public, political elections and referendums (although the term is sometimes used for any right to vote). In some languages, and occasionally in English, the right to vote is called active suffrage, as distinct from passive suffrage, which is the right to stand for election. The combination of active and passive suffrage is sometimes called ''full suffrage''. In most democracies, eligible voters can vote in elections of representatives. Voting on issues by referendum may also be available. For example, in Switzerland, this is permitted at all levels of government. In the United States, some U.S. state, states such as California, Washington, and Wisconsin have exercised their shared sovereignty to offer citizens the opportunity to write, propose, and vote on referendums; other states and the United States federal government, federal government have not. Referendums in the United K ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Protectionist
Protectionism, sometimes referred to as trade protectionism, is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations. Proponents argue that protectionist policies shield the producers, businesses, and workers of the import-competing sector in the country from foreign competitors. Opponents argue that protectionist policies reduce trade and adversely affect consumers in general (by raising the cost of imported goods) as well as the producers and workers in export sectors, both in the country implementing protectionist policies and in the countries protected against. Protectionism is advocated mainly by parties that hold economic nationalist or left-wing positions, while economically right-wing political parties generally support free trade. There is a consensus among economists that protectionism has a negative effect on economic growth and economic we ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thai Legislation
Thai or THAI may refer to: * Of or from Thailand, a country in Southeast Asia ** Thai people, the dominant ethnic group of Thailand ** Thai language, a Tai-Kadai language spoken mainly in and around Thailand *** Thai script *** Thai (Unicode block) People with the name * Thai (surname), a Vietnamese version of Cai, including a list of people with the name * Thai Lee (born 1958), an American businesswoman * Thai Nguyen, US-based Vietnamese fashion designer and television personality Other uses * Thai (cannabis), a name for the drug * Thai Airways, the national airline of Thailand * Thai cat, a breed of cat * Thai, a month in the Tamil calendar * Toe to Heel Air Injection (THAI), a method of extracting oil from oil sands See also * * Dai (other) * Tai (other) * Tay (other) * Thais (other) * Thay (other) * Tie (other) * Siam (other) * Tai peoples or Thai peoples, the ethnic groups of southern China and Southeast ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Foreign Trade Of Thailand
The economy of Thailand is dependent on exports, which accounted in 2019 for about sixty per cent of the country's gross domestic product (GDP). Thailand itself is a newly industrialized country, with a GDP of 16.316 trillion baht (US$505 billion) in 2018, the 8th largest economy of Asia, according to the World Bank. As of 2018, Thailand has an average inflation of 1.06% and an account surplus of 7.5% of the country's GDP. The Thai economy was expected to post 3.8% growth in 2019. Its currency, the Thai Baht, ranked as the tenth most frequently used world payment currency in 2017. The industrial and Tertiary sector of the economy, service sectors are the main sectors in the Thai gross domestic product, with the former accounting for 39.2 percent of GDP. Thailand's agricultural sector produces 8.4 percent of GDP—lower than the trade and logistics and communication sectors, which account for 13.4 percent and 9.8 percent of GDP respectively. The construction and mining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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