On April 2025, Thailand’s Cabinet made waves by announcing it had approved in principle a proposal to update the Foreign Business Act (FBA) – Thailand’s main legal framework for foreign investments – with the objective to modernize and improve the country’s economic competitiveness. The possibility of a modernization of the FBA, mostly unchanged since its enactment in 1999, has been welcomed favorably by foreign investors, while also raising questions about the extent of the changes it proposes in practice.
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