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Farming Foreign Ban Mirrors Attitude on Land Ownership

Category: Real estate, Posted:15 Aug 2009 | 11:05 am

Despite a profound slump in the property market and capital flight of many overseas institutional investors in the sector, there appears to be little light at the end of the tunnel on changes to the existing land ownership law. Comments made this week by Prime Minister Abhisit Vejjajiva reinforced the ban on farm land under the existing Foreign Business Act have reiterated that Government policy and public sentiment remain entrenched and unmovable.
Triggering the farmland issue has been a growing rice farming industry where many of the growing Asian countries have turned from exporters to importers as a result of population growth. Not dissimilar to the FBA (foreign business act) scare a few years ago in the real estate trade, the alleged use of Thai nominees is becoming a hot enforcement issue.
Taking a step back and viewing the current high profile farm land and rice issue which have raised calls for protectionism in the country, its clear that the same arguments will apply to property land owning and form a very large obstacle to reforms in the foreseeable future.

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It’s A Tuesday, What’s Up in Thailand

Category: Tourism, Posted:03 Aug 2021 | 10:49 am As the Thailand red zone closures mount, and domestic travel remains challenged, we take a few minutes to bring you some of our new feature videos. August looks to be challenging but vaccinations are continuing and there is light at the end of the tunnel, for now to our readers we say – keep the […]
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Why Is The Phuket Sandbox Important?

Category: Tourism, Posted:02 Aug 2021 | 10:27 am As Bangkok grapples with rising numbers of Covid infections, leading tourism voice KP Ho, Executive Chairman of Banyan Tree Group, has told European envoys, airlines, senior officials and business leaders, that for Phuket Sandbox to succeed it is imperative for Phuket to be given “green” destination status. Speaking at the Phuket Sandbox Summit held at […]
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Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]