SawasdeeShop, an international money changer, will ask permission from the Bank of Thailand (BoT) to use cryptocurrency as an intermediary in international money transfers and currency exchanges in order to reduce costs. Aswin Phlaphongphanich, president and chief executive at SawasdeeShop, said adopting cryptocurrencies and blockchain technology to cut costs in back-end operations can help the […]
Read MoreThe Finance Ministry has ordered the Customs Department to step up its search for ways to reduce the impact of the exemption on import tax and value-added tax (VAT) for imported goods worth up to 1,500 baht, saying such measures are hurting small and medium-sized enterprises (SMEs). According to Patchara Anuntasilpa, director-general of the Customs […]
Read MoreWhile COVID-19 ddversities are making some firms more prudent, but there are firms that do not hesitate in finding ways to tap into the global market potential. A few days ago, Hanoi-based dairy firm VitaDairy officially announced its ownership of a dairy farm in the Australian state of Tasmania. Nguyen Thi Ha, the company’s general […]
Read MoreSINGAPORE (BLOOMBERG) – The Singapore dollar is vulnerable to retesting a four-month low, with signs that benign inflation and a gradual economic recovery will keep the central bank on hold at its April monetary policy review. Elevated US bond yields have already helped push the greenback through its 100-day moving average versus the city-state’s currency. While momentum stalled […]
Read MorePhnom Penh Special Economic Zone Plc (PPSEZ) shares have seen high volume of shares trade hands over the last three trading days. A combined total trading volume of 308,838 shares were made between Wednesday and Friday. Wednesday saw 142,201 shares exchanged, with Thursday trades reaching 99,870 and 66,767 being moved on Friday. The three-day trading […]
Read MoreSINGAPORE (ICIS)–Indonesia’s central bank on Thursday kept its benchmark interest rate at 3.5%, in support of the rupiah (Rp). “This decision is in line with the need to maintain the stability of the Rupiah exchange rate against increasing uncertainty on global financial markets, amidst the forecast for inflation that remains low,” Bank Indonesia said. The […]
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