The long-delayed draft Retail and Wholesale Act is expected to go before Parliament for debate late this year and take effect next year, according to Commerce viceminister Veerasak Jinarat. Provincial committees chaired by governors would handle operating licences in each area, in addition to a central committee chaired by the commerce minister. The licenceapproval process is to be halved to 30 days. Investors could appeal to the central committee if provincial committees reject their requests.
Retail law progress (Bangkok Post)
I have been living in Thailand for over 20 years and witnessed the many changes the country has undergone since the Asian Financial Crisis. I have spent time in Phuket, Samui, Hua Hin, and Chiang Mai, but I gravitate back to Bangkok when all is said and done. It is here that I spent years running a software development company and teaching at universities. These days I live on the Internet with Bangkok as my base. I never stopped believing in the enormous potential of Thailand's kingdom, which is why I joined the ThaiVest Team.
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