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Thailand: AMLO sounds alarm over cryptocurrency-fuelled scams

THE MONEY laundering watchdog is considering creating its own digital wallet to tackle cybercrime related to cryptocurrencies, an Anti-Money Laundering Office (AMLO) official said at a Bangkok seminar last week. “We have discussed launching our own ‘AMLO Wallet’ to hold or confiscate digital currency from illegal sources,” Witthaya Neetitham, secretary of AMLO, at a seminar […]

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Thailand: Making transparent concessions

September marks a series of seismic auctions that will determine whether Thailand’s business realm will continue to be dominated by the same old oligarchs or if newcomers with big bucks could shake up the monopolistic arena. The terms of reference (ToR) for the 200-billion-baht high-speed railway linking three major airports — Don Mueang, Suvarnabhumi and U-tapao […]

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Thailand: Infrastructure hikes land prices

PROPERTY DEVELOPERS are looking for land in four locations next to the planned Bt500-bn infrastructure network of the Eastern Economic Corridor(EEC), say market experts. Asides from the close proximity, these areas come with the convenience of modern living including shopping areas, efficient transportation, hospitality venues, and lifestyle zones. “In the vincinty of digital park, Sriracha […]

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Philippines eyes extra imports of Thai rice amid ‘crisis’

MANILA: The Philippines’ agriculture minister said on Monday he has proposed the importation of an additional 132,000 tonnes of rice by the private sector to address “very limited” supplies of the staple food in the country’s southern provinces. Agriculture Secretary Emmanuel Piñol said he had formally recommended the “special” importation to President Rodrigo Duterte, and […]

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Thailand: Online payment for overseas packages

The Customs Department will allow those who buy small goods priced over 1,500 baht from vendors outside Thailand to pay import duties online, eliminating the need to pick up parcels at Laksi Post Office. With the Customs Department’s digital system, buyers can track the customs-clearing process and pay import tariffs via the online channel, outgoing director-general […]

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