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Bangkok Post
Bangkok Post
Business

'Grey' businesses facing crackdown

A previous meeting held by the Department of Special Investigation regarding a case it took up involving a Chinese man who used forged identity documents to register firms. (Photo: Pattarapong Chatpattarasill)

The Commerce Ministry is investigating 200 companies suspected of acting as nominees for foreign businesses in a move to curb the so-called "grey" market, with a particular focus on restaurants and tourism-related business in four notorious areas of Bangkok.

According to Keerati Rushchano, the permanent secretary for commerce, the nominee issues have re-emerged and are increasing now that the country's tourism sector has bounced back after the easing of the pandemic and China's reopening of its borders, resulting in a flood of Chinese tourists into Thailand.

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