BANGKOK (The Nation/Asia News Network): Foreign investment in Thailand is expected to hit 100 billion baht (US$2.8bil) this year, the Department of Business Development (DBD) said on Thursday (Feb 23).
Earlier this month, a flight from China touched down in Bangkok with 269 passengers onboard. A few years ago, this would hardly be worth reporting, but this flight was celebrated with smiles and flowers to mark the arrival of Chinese tourists in Thailand after three long years.
The Department of Business Development is warning Thai citizens who are acting as nominees for Chinese-owned businesses along Yaowarat Road that they face up to three years in prison and/or fines of up to one million baht.
The chief of the Department of Business Development has warned Thai nominees of Chinese-owned shops in Yaowarat, aka Bangkok's Chinatown, that they are liable to up to three years in jail and/or a fine of up to 1 million baht plus daily fines.