BANGKOK – Thailand’s goal of becoming South-east Asia’s leading trading centre for digital assets has suffered a setback, following moves by regulators to tighten rules in the wake of trading irregularities and the collapse of a major acquisition involving a crypto exchange. Trading of cryptocurrencies on Thailand’s licensed exchanges slumped to 64 billion baht (S$2.5 billion) in […]
Read MoreMALAYSIA’S central bank raised the key overnight policy rate (OPR) by 25 basis points to 2.5 per cent on Thursday (Aug 8) in a widely-expected move, while noting that growth momentum is expected to continue. Bank Negara Malaysia emphasised that the monetary policy committee is not on any pre-set course and will continue to assess evolving […]
Read MoreVietnam’s upbeat growth outlook is bucking the slowing trend elsewhere in Asia. The International Monetary Fund (IMF) has revised Vietnam’s GDP growth forecast for this year from 6% to 7% and remains the only significant upward revision among major Asian economies. “Vietnam’s upbeat growth outlook is bucking the slowing trend elsewhere in Asia, with relatively […]
Read MoreForeign companies in the country are grappling with an increasing shortage of U.S. dollars, with the military government’s unpredictable foreign currency regulations putting their business operations at risk. Foreign companies in Myanmar need US dollars to pay offshore vendors for the supply of raw materials and commodities. However, since the military seized control in February […]
Read MoreThe Finance Ministry is expected to ask the cabinet to extend the diesel excise tax reduction until the end of this year to ease people’s living costs, according to a ministry source who requested anonymity. The source said the ministry is considering the details of maintaining the existing diesel excise tax reduction of 5 baht per […]
Read MoreThe Energy Policy Administration Committee (Epac) has decided to continue to cap liquefied petroleum gas (LPG) at 24.87 baht per kilogramme until the end of October to ease the living costs of cooking gas users. The move causes authorities to subsidise the LPG price by 7.87 baht per kg, using money from the state’s quickly dwindling […]
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Thailand
