THAILAND plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses. The planned amendments to the regulations will “bring the central bank to be part of it,” Finance Minister […]
Read MoreWhile the Thai economy had been pressured by global geopolitical tensions leading up to the National Economic and Social Development Council’s decision last week to revise down the upper range of its growth forecast to 3.2% from 3.5%, the business sector also has to keep a close eye on the stormy domestic political climate as it could […]
Read MoreThe provision of digital personal loans has been expanding in response to the financial behaviours of consumers in the digital era, creating opportunities for low-income earners to access financial sources. The Bank of Thailand has granted digital personal loan licences to nine service providers, including banks and non-banks. Of the total, five have already been operating […]
Read MoreThe baht opened at 35.80 to the US dollar on Monday, weakening from Friday’s close of 35.74. The Thai currency will likely move between 35.70 and 35.90 against the greenback during the day and between 35.30 and 36 during the week, Krungthai market strategist Poon Panichpibool predicted. He said the baht is likely to fluctuate […]
Read MoreThailand will soon welcome applications for its 10-year “golden visa” scheme aimed at wealthy foreigners, primarily those employed in tech sectors and digital nomads — or “work-from-Thailand professionals” as the Thai government puts it. The plan is expected to bring in the equivalent of around €26 billion for the local economy over the coming decade. Narit […]
Read MoreThe Thailand Consumers Council (TCC) is calling on the government to ensure transparency as it mulls a request by five instant noodle brands to increase the product price by 2 baht per packet, or up to 30%. The move should be supported by data as to why it is necessary now, or else the price rise […]
Read More
Thailand
