On 5th June 2019, the Microfinance Business Supervisory Committee (“MBSC”) issued the Directive No. 1/2019 on new interest rates for microfinance institutions operating in Myanmar, which will enter into force on 1st October 2019. The new interest rates are as follows:- 2.3% per month but not more than 28% per annum for microfinance loans calculated... Read More

The first ever Personal Data Protection Act B.E. 2562 (A.D. 2019) of Thailand (“PDPA”) was published in the Government Gazette on 27th May 2019.  Its provisions on establishing regulatory and enforcement bodies come into force on and from 28th May 2019.  Its Chapters 2, 3, 5, 6 and 7 and Sections 95 and 96 (on... Read More

The Cyber Security Act B.E. 2562 (A.D. 2019) (“CSA”) was published in the Government Gazette on 27th May 2019.  It comes into force on and from 28th May 2019.  It is the first ever cyber security law of Thailand.  We summarized some of its major provisions below. 1.   The objective of the CSA is... Read More

As a country thought to be stuck in the “Middle Income Trap”, Thailand is innovating its way out. The kingdom is shifting away from a manufacturing based economy into one driven by innovation and technology through the Government’s ‘Thailand 4.0’ initiative. A cornerstone of Thailand 4.0 is the need to cultivate trust in consumers and... Read More

The NLA passed the National Broadcasting and Telecommunications Commission Act (No. 3) B.E. 2562 (A.D. 2019) on the 28th of December 2019. It amended the NBTC Act B.E. 2553 (A.D. 2010) as amended by the NBTC Act (No. 2). It was published in the Government Gazette on the 16th of April 2019 and is effective... Read More