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Posted: 06 Aug 2010 | 6:00 am
Last year there was much optimism in the hotel sector back of the ASEAN Economic Community guidelines for sweeping ownership reforms what would provide majority control of hotel investments in the country.
While Thailand has formally committed to this to be implemented by 2015, there is word the Board of Investments is looking to spur the service industry.
Currently in the service sector foreign investment is limited to 49% and will be raised to 70% under the ASEAN initiative. Land ownership for hotels owned by overseas interests remains a contentious issue.
Liberalization of the hotel investment sector and related service industry would spur growth in what is now becoming an increasingly domestic dominated playing field.
For now eyes are on the BoI on when and how initiatives will be introduced.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
While we hope for the best that Phuket's new airport expansion will have some green focus, it's encouraging to view Singapore's Changi as setting a global standard.
Flying always gives me a chance to look outside the box and today a news article in SikAir's in-flight magazine caught my imagination.
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