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Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs

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Thailand’s Omnibus Law Plan Streamlining Regulation and Cutting Business Costs

Thailand plans a legal reform with a “super license” to unify approvals, simplifying regulations, reducing costs, and streamlining foreign investment and licensing processes.

Thailand’s Legal Reform Initiative

Thailand is embarking on a significant legal overhaul to streamline regulation management across government agencies. This reform introduces a “super license” system, which consolidates multiple approvals into a single, streamlined process. The government aims to implement a pilot within 180 days, with the complete law expected to take about a year, allowing reforms to be introduced gradually.

Impact on Business Compliance

The omnibus law addresses overlapping statutes that require businesses to meet similar regulations across various ministries. This redundancy increases compliance costs, which reform aims to reduce by creating a more efficient approval process. By simplifying requirements, the reforms will help businesses cut down on administrative overhead and foster more straightforward compliance.

Enhancing Investment and Operational Flexibility

The “super license” replaces sequential approvals with a unified decision-making process, eliminating delays caused by multiple agency dependencies. This approach is especially crucial for foreign investors, as it reduces the need for complex corporate structures required under current licensing regimes and foreign ownership restrictions. Ultimately, the reforms will enable easier entry, increased legal clarity, and greater operational flexibility in Thailand.

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Progressive Green Solutions’ Mid West solar, battery project to cost $1b

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Progressive Green Solutions’ Mid West solar, battery project to cost $1b

Progressive Green Solutions’ proposed renewable energy project in the state’s Mid West is estimated to cost $1 billion, planning documents show.

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Japan Issues Tsunami Warning Following Magnitude 7.5 Earthquake

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Evacuation Sign
Evacuation Sign
Nyok Wirya / Unsplash

A tsunami warning has been issued for certain areas in northern Japan following a magnitude 7.5 earthquake.

The government has warned that tsunami waves three metres high may hit the country.

Tsunami Warning Issued After 7.5 Earthquake

According to a report by CNN, the earthquake struck off the northeastern coast of Japan. The Japan Meteorological Agency (JMA) has since issued a tsunami warning for the Iwate prefecture, as well as parts of Hokkaido and Aomori.

The report notes that a CNN producer in Tokyo noted that the earthquake lasted around seven minutes.

The Japanese government, led by Prime Minister Sanae Takaichi, is now calling for those in the affected areas to evacuate immediately.

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“At this time, we are still confirming the extent of human and material damage, but we will receive detailed reports shortly and proceed with disaster response efforts,” Takaichi told reporters.

Tsunami Waves Already Recorded in Different Locations

According to the live coverage of ABC News, tsunami waves have begun to hit different locations in Japan.

A wave 80 centimetres high has been recorded in Kuji Port, while a wave measuring 40 centimetres was detected at Miyako Port.

Abnormalities have not been reported in the nuclear plants in the area, which are located in Aomori and Miyagi.

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Banned director Blumenthal elusive in liquidators' probe

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Banned director Blumenthal elusive in liquidators' probe

Liquidators of collapsed medicinal cannabis company Melodiol Global Health want to question banned director Adam Blumenthal, but lawyers are struggling to serve him while he is overseas.

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UDIA calls for half a billion govt spend

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UDIA calls for half a billion govt spend

The peak body for land developers has outlined what’s required to unlock 115,000 new homes in Western Australia.

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BofA sees Turkey central bank holding rates or hiking to 40%

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BofA sees Turkey central bank holding rates or hiking to 40%

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Faisal Islam: What people in power think the impact of the Iran war will be

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Faisal Islam: What people in power think the impact of the Iran war will be

Faisal Islam talks to some of the world’s most powerful people about the conflict and the economy.

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Renishaw expects higher profits amid rising demand from defence and electronics sectors

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The precision manufacturer told the stock market on Monday its order book had expanded

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Renishaw New Mills headquarters (Image: Renishaw )

Gloucestershire engineering firm Renishaw has raised its revenue and profit guidance for the full year after a “substantial” expansion of orders. The FTSE-250 company told investors on Monday (April 20) it had seen “particularly strong demand” from customers in the semiconductor and electronics manufacturing equipment, and aerospace and defence sectors.

This has led to the business increasing revenue expectations from £775m to £805m and adjusted profit before tax from £145m to £165m.

“We are actively managing the challenges and increasing costs imposed by ongoing economic and geopolitical uncertainties and supply chain pressures,” Renishaw said in a statement.

The listed group, which was established by the late Sir David McMurtry and John Deer in 1973, said it would provide an update on its revenue performance for the 12 months to the end of March on May 6.

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Last month, Renishaw announced it had refreshed its board with three appointments, including a renowned British academic as its new chair.

The news came just months after the precision manufacturer confirmed it had made ownership changes to the business as part of a succession plan.

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Evercore ISI reiterates IBM stock rating on Q1 beat expectations

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Evercore ISI reiterates IBM stock rating on Q1 beat expectations

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Dr. Drasko Acimovic on Securing a Seat at the New Global Table

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Dr. Drasko Acimovic on Securing a Seat at the New Global Table

Renowned economist and diplomat Dr. Drasko Acimovic has officially unveiled his paradigm of the “Third Gutenberg Moment,” signaling a fundamental transformation in global institutional identity.

According to Acimovic’s latest analysis, the world has moved beyond mere uncertainty and has entered the operational phase of a new economic and social model.

“The world as we knew it is reaching its sunset,” states Dr. Acimovic. “Just as the printing press broke the monopoly on knowledge and financial management in the 15th century, today Artificial Intelligence (AI) and Central Bank Digital Currencies (CBDC) are redefining the core pillars of human power and national sovereignty.”

Acimovic outlines this historical cyclicity through three pivotal stages:

  1. The First Gutenberg Moment: The invention of the printing press, which democratised knowledge.
  2. The Second Gutenberg Moment: The internet and mobile revolution, which accelerated global flows.
  3. The Third Gutenberg Moment (Current): The definitive transition toward an AI-driven and digital-first economy.

According to Acimovic, this third stage signifies the end of the era of traditional intermediaries. He argues that CBDCs and advanced AI systems are not merely technical innovations but the foundations of a new architecture for the global economy and the future of international diplomacy.

Dr. Acimovic emphasises that this transition offers a unique window of opportunity. While the previous global hierarchy was largely static, the “Third Gutenberg Moment” acts as a great equaliser. Nations and organisations that proactively integrate these technologies today are securing a seat at the new global table where the rules of the next century are being drafted. For emerging economies, the adoption of an AI-CBDC framework is no longer optional it is the only way to ensure economic relevance in a decentralised world.

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Unlike abstract futuristic theories, Acimovic warns that this transformation is already functional. “We are not waiting for change; we are living it. The institutional framework is transforming in real-time. Those who fail to grasp this tectonic shift will remain tethered to obsolete structures,” the diplomat cautioned.

About Dr. Drasko Acimovic:

Dr. Drasko Acimovic is a distinguished diplomat and economist recognised for his strategic insights into global financial systems. His career includes high-level leadership roles, such as serving as Ambassador in Brussels and as the President of the largest financial services brokerage firm in Eastern Europe, managing operations across 11 nations. Currently, he serves as a Member of the Board of the NGO East West Bridge in Bosnia and Herzegovina, contributing to international strategic cooperation.

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At Close of Business podcast April 20 2026

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At Close of Business podcast April 20 2026

Mark Pownall speaks to Ella Loneragan about the recently-completed Perth Film Studios.

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