The Foreign Business Act Amendment
The Ministry of Commerce submitted a draft bill to amend the Foreign Business Act 1999 to the cabinet on 9 January 2007.
It was approved in principle by the cabinet and forwarded to
the Council of State for legal clearance. |
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After review by the Council of State, a revised draft was resubmitted to the cabinet on 10 April 2007 and received approval.
The draft amendment was then sent to the National Legislative Assembly (NLA) for consideration and approval. In early August 2007, the draft was withdrawn from the NLA for further revision, following an attempt to expand the definition of "foreigner" to include a Thai company whose management was controlled by foreigners. The interim government was not able to pass amendments to the Foreign Business Act during its term in office.
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Related news articles |
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Investment law to be eased soon, The Nation, 26 August 2008 |
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Suwit: FBA will not be altered, Bangkok Post, 12 June 2008 |
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Foreign business act needs more clarity, The Nation , 3 April 2008 |
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Govt opens the door to more foreign investors, The Nation, 31 March 2008 |
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Ministry pressed to study easing List 3 rules, Bangkok Post , 21 January 2008 |
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Protection to be relaxed, The Nation, 20 December 2007 |
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More sectors may open up, The Nation , 13 December 2007 |
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Final push for NLA approval, The Nation, 11 December 2007 |
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Retail draft rules eased, Bangkok Post , 11 December 2007 |
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Breach of FBA costs licences, The Nation, 19 November 2007 |
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Flexibility for foreign investors, The Nation , 16 November 2007 |
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Amendments to SEC Act likely by year-end, Bangkok Post, 9 November 2007 |
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Draft retail act ready for NLA consideration, Bangkok Post , 17 October 2007 |
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Democrats vow to scrap reserve rule, Bangkok Post, 14 September 2007 |
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Changes to FBA ' must be ' deferred , The Nation , 23 August 2007 |
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Foreign Business Act attacked by experts, Bangkok Post, 23 August 2007 |
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Does Thailand want foreign investment?, The Nation , 21 August 2007 |
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Retail law set to go before NLA for approval , Bangkok Post, 17 August 2007 |
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A clear-cut FBA is the answer,Bangkok Post, 10 August 2007 |
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Power struggle seems likely to sideline business laws, The Nation , 10 August 2007 |
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Feared FBA bill pulled by govt, The Nation , 9 August 2007 |
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Tighter curbs on foreign business, Bangkok Post , 9 August 2007 |
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Final decision on Act soon, The Nation , 7 August 2007 |
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FBA details reviewed, Bangkok Post , 26 July 2007 |
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Council 'wants retail bill revised', The Nation , 25 July 2007 |
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Amendments in force soon, The Nation , 27 June 2007 |
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NLA drafting own retail business act, The Nation , 25 June 2007 |
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Suspicions about slow pace of police inquiry, Bangkok Post, 16 May 2007 |
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TRT to undo government policies if elected, Bangkok Post, 11 May 2007 |
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Surayud boxed into a corner with FBA amendments , The Nation , 20 April 2007 |
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Cabinet approves amended Foreign Business Act, MCOT: TNA English News, 11 April 2007 |
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Talks urged over FBA, The Nation , 10 April 2007 |
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Executives want FBA to be liberalised, Bangkok Post, 10 April 2007 |
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Japanese worry about FBA changes, Bangkok Post, 5 April 2007 |
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Council of State suggests changes, Foreign Business Act, The Nation, 26 March 2007 |
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Rival versions of law being studied for possible compromise, Bangkok Post, 21 March 2007 |
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FBA must move with the times, Bangkok Post , 19 March 2007 |
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Govt to study NLA version of business act, Foreign Shareholding, Bangkok Post, 15 March 2007 |
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NLA draft on FBA will reopen debate, The Nation, 14 March 2007 |
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Officials to decide on FBA in April, Bangkok Post, 14 March 2007 |
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Govt urged to consider an amnesty, Foreign Business Act, The Nation, 13 March 2007 |
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New draft of FBA easier on foreigners, Bangkok Post, 13 March 2007 |
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FBA overhaul may hit retail, The Nation, 23 February 2007 |
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Temasek may want to sell all of Shin, says minister, The Nation , 23 February 2007 |
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Foreign firms approaching GPF, Bangkok Post, 23 February 2007 |
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DSI meets tomorrow on Kularb Kaew case, Bangkok Post, 22 February 2007 |
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PM wants ruling on Kularb Kaew, The Nation, 21 February 2007 |
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Nominee probe to be speeded up, Bangkok Post, 21 February 2007 |
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Property funds to see slower growth due to policy changes, Bangkok Post, 14 February 2007 |
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FBA changes could deflate property prices in Phuket, Bangkok Post, 7 February 2007 |
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British chamber waits for clarity, Bangkok Post, 1 February 2007 |
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Government urged to cut protected businesses listed in Annex 3, Bangkok Post, 30 January 2007 |
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List 3 partial liberalisation urged, Bangkok Post, 30 January 2007 |
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Japanese want rules clarified, Bangkok Post, 30 January 2007 |
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Foreigners warned on land, Bangkok Post, 29 January 2007 |
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Proposed changes to Foreign Business Act don’t affect BOI scheme, The board of investment, 26 January 2007 |
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PM says Thailand is not closing up, Policy/ Foreign Business Act, Bangkok Post, 25 January 2007 |
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NVDRs can't be used to skirt law, Foreign-Ownership Limited, The Nation, 24 January 2007 |
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Japanese investors are 'worried', Economic Climate, Bangkok Post, 23 January 2007 |
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Financing costs expected to rise, Reserve rule hurts Japanese firms, Bangkok Post, 23 January 2007 |
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Property sector needs time on legal changes, Real Estate Aquarius Estate Viewpoint, Bangkok Post, 23 January 2007 |
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Tough measures to double investment, Bangkok Post, 19 January 2007 |
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FBA changes could lead to new troubles, Bangkok Post, 18 January 2007 |
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More competition, better communication urged, Seminar on Foreign Business Act, The Nation, 18 January 2007 |
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SEC to study new scheme, The Nation, 17 January 2007 |
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Act changes 'won't break WTO rules', The Nation, 17 January 2007 |
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12 Firms face probe over nominee issue, The Nation, 16 January 2007 |
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FBA changes leave big credibility gap, Analysis, The Nation, 15 January 2007 |
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Govt has confidence in economy, Bangkok Post, 15 January 2007 |
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SET bounces back as fears of FBA ease, Bangkok Post, 12 January 2007 |
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Investors must be wary of NVDRs as they assess new law, The Nation, 12 January 2007 |
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Act should not affect logistics services, The Nation, 12 January 2007 |
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Doubts over concessions 'would shrink Shin prices', Foreign Business Act, The Nation, 12 January 2007 |
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Investors may look elsewhere after revision, Foreign Business/ Shareholding Structures, Bangkok Post, 11 January 2007 |
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Pridiyathorn tries to ease fears, but foreigners wary, Foreign Business Act/ Foreign Investor Reaction, Bangkok Post, 11 January 2007 |
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Pridiyathorn out to reassure foreigners, The Nation, 11 January 2007 |
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Nominee will be forbidden, Foreign Business Act, The Nation, 10 January 2007 |
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Foreigners rip new rules on ownership, Foreign Business Act/ Long-Awaited Revisions, Bangkok Post, 10 January 2007 |
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Bad news for investment, Editorial, Bangkok Post, 10 January 2007 |
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Cabinet discussing FBA changes today, Foreign community seeks 9-month delay, Bangkok Post, 9 January 2007 |
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S&P: Officials must revive confidence quickly, Economy/ Growth Prospects, Bangkok Post, 9 January 2007 |
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Amended law should promote competition, Foreigners want List 3 tossed out, Bangkok Post, 14 December 2006 |
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Commerce Ministry to amend Foreign Business Act, The Nation, 13 December 2006 |
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