Bank of Thailand governor Veerathai Santiprabhob raised the warning flag on cryptocurrencies, saying they are not legal tender, although regulation is not needed as only a handful of people use them. Some people believe digital currencies are legal tender, but no central bank in the world accepts them, he said. Central banks in the US […]
Read MoreThe arrival of disruptive technology is expected to help boost the value of the digital economy, forecast to account for 19.4% of Thailand’s GDP next year, according to the latest University of Thai Chamber of Commerce (UTCC) survey. But the rise of disruptive technology is also expected to bring about large societal and economic changes, […]
Read MoreThe National Legislative Assembly’s (NLA) standing committee on the land and buildings tax has largely watered down the new property tax rates. The version proposed by the Finance Ministry and approved by the cabinet had set the tax-free threshold at 50 million baht, with an aim at alleviating people’s tax burden. The NLA committee has […]
Read MoreEarning back a percentage of money spent online is the new incentive in retail e-commerce as more players try to apply the cashback model. At least four players — Shopback, mycashback.co, dealcha and Upcashback — are jumping onto the cashback bandwagon. Citing research by TMB Bank, Napat Seubsai, managing director of myCashback.co, a local startup […]
Read MoreThe Board of Investment (BoI) yesterday approved the investment categories in the Eastern Economic Corridor of Innovation (EECI) and the Eastern Economic Corridor of Digital (EECD) that will be entitled to its promotional privileges. Secretary-general Duangjai Asawachintachit said the investment categories in the EECI are required to conform to six targeted industries designated by the […]
Read MoreThe country’s costliest land based on the Treasury Department’s new appraisal prices, effective from Jan 1, 2018, is on Silom Road at 1 million baht per square wah, while the cheapest is in Khok Charoen district, Lop Buri, where each sq w is worth a mere 20 baht. The lowest priced plot in Bangkok is […]
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