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Sun Legal Update: Business, Consumer Sentiment Rises

Sun Legal Sunbelt Update

Business and consumer sentiment is up in Thailand.

Consumer confidence rose for the third straight month in August as measured by the University of the Thai Chamber of Commerce.

Consumers cited increased business and income as the reasons boosting their mood. The return of late nightlife and foreign tourists were listed as contributing factors. The number of foreign arrivals could reach 12 million this year with 4.5-6 million arrivals expected in the final quarter of the year.

The recent minimum wage hikes are also a contributing factor as consumers have more spending power.

Industrial sentiment also rose for the third straight month reaching prepandemic levels on the back of a return to normal levels of economic activity and domestic consumption.

The baht fell to 37 to the U.S. dollar last week, which could help boost exports as Thai products become cheaper overseas. One growing market is gems and jewelry; exports of these items are expected to grow by 20% this year after purchase orders rose significantly over the first seven months of 2022.

Not including gold products, gems and jewelry exports hit US$4.48 billion in the first seven months of 2022, a rise of 37.6% year-on-year. Last year, gems and jewelry were the fifth most exported item from Thailand. More than 90% of businesses in the gem and jewelry manufacture and export are small and medium-sized enterprises.

Data protection sub-regulations updated

Updates have been issued on the sub-regulation regarding the filing of complaints directly to the Office of the Personal Data Privacy Commission in case the data controller or processor, including the employees or service providers of the data controller or processor, violates or fails to comply with the Personal Data Protection Act, or notifications issued under the PDPA.

The complainant may file in person, by mail, through electronic channels or any other channel as announced by the Office.

The complaint must be submitted in writing or electronically and must be clear and understandable and include the name, address and contact information of the complainant or his/her attorney along with identification card, passport or other identification document issued by the government.

Details of facts as to how such violation or failure to comply with the PDPA occurred must be included as well as details of the damage or impact on the complainant such as documentary evidence, physical evidence or statements of the witness. The request that the complainant desires the data controller or processor to proceed with must be included and certification that the complained statements are true.

The provisions include such details as how the office must proceed including the timelines; the committee must review within 15 days of issuance of the complaint and must finish consideration within 90 days of the complaint having been filed.

It is expected that further sub-regulations will be issued regarding the PDPA and Sun Legal will keep on top of these regulations to keep you informed on key updates in this important law. Contact us using the form below for more information on the PDPA and the importance of a data protection officer.

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