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Thailand: SEC allays crypto furore

The Securities and Exchange Commission (SEC) is backing off its draft plan to require a 1-million-baht minimum annual income and other requirements for cryptocurrency investors, noting the draft was just meant to test public sentiment from stakeholders. A live talk about the hearing on the SEC’s Facebook page will be rescheduled to tomorrow — three […]

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Thailand: Tourism ministry mulling subsidies for firms

The Tourism and Sports Ministry wants to directly offer subsidies to tour companies that sell packages to the elderly to help inject liquidity faster while the international market remains uncertain. Phiphat Ratchakitprakarn, the tourism and sports minister, said the agency is worried about the delay of the 5-billion-baht tourism stimulus project tailored to those aged […]

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Thailand: Hemp goes from zero to economic hero

Hemp, a weed that was long regarded as a forbidden plant and included on the country’s narcotics list, is taking Thailand by storm. Ten categories of goods or products ranging from mouth spray, food supplements, skincare products and energy drinks to painkillers and spa products are cashing in on hemp’s hype after the government legalised […]

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Thailand: Cross-border trade to grow up to 6%

Thailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by Covid-19 vaccine distribution and the global economic recovery. According to Keerati Rushchano, director-general of the Foreign Trade Department, cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020. […]

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Thailand: Excise mulls delaying drink tax hike

The Excise Department is considering freezing the step-up hike of the excise levy placed on drinks with a sugar-based sweetener to reduce business operators’ financial burdens. The amended excise tax structure on beverages came into force in 2017, adding a levy to sugar-based sweeteners on top of the excise duty charged on beverages. The added […]

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