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Thailand: Crypto-tax ‘will hit economy’

Taxation threatens to hamper startups, sec is told, as it seeks to regulate digital assets NEW TAX measures aimed at curbing the Thai initial coin offering (ICO) market will adversely affect the economy as the measures could drive investors and entrepreneurs overseas, according to experts. The Royal Gazette this week announced a new set of […]

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Thailand: Govt to waive VAT on personal cryptocurrency earnings

The Revenue Department will waive value-added tax for people trading in cryptocurrencies on exchange markets approved by the Securities and Exchange Commission (SEC). A new law governing cryptocurrency transactions came into force yesterday (May 14). Saroch Thongpracum, the department’s director of legal affairs, said on Tuesday it would issue a regulation waiving the 7-per cent […]

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Thailand: Policy rate likely to stay at 1.5%

THE MONETARY Policy Committee, in its meeting on May16, is expected to maintain the policy rate at 1.5 per cent as the country’s economic growth continues with inflation under control, analysts said. Bank of Ayudhya’s executive vice president Somprawin Manprasert said that the bank believes the Monetary Policy Committee will maintain the policy rate at […]

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Thailand: Renewables players dig in on price

THE Federation of Thai Industries (FTI) is digging on its position that the current wholesale price for electricity is too low for small operators in renewable energy. The industry lobby sees room for an increase – from Bt2.44 per unit – to a level below that which starts to affect ordinary consumers. If the purchase […]

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Bangkok Airways eyes CLMV market

Bangkok Airways has partnered with Thailand Convention and Exhibition Bureau (TCEB) to kick-off its campaign to attract meeting and incentive groups from the Cambodia, Laos, Myanmar and Vietnam (CLMV). The “Fly and Meet Double Bonus” promotion for Myanmar was launched by Bangkok Airway’s sales chief, Varong Israsena Na Ayudhya, and TCEB’s director, Puripan Bunnag, at […]

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