The Securities and Exchange Commission (SEC) is tightening rules for cryptocurrency trading to increase investor protection, demanding digital asset operators include risk disclosure in their advertisements and prohibiting them from providing services or supporting deposit taking and lending. Effective July 31, cryptocurrency exchange operators, brokers and traders must provide a warning about the potential risks associated […]
Read MoreManufacturers in 25 industries are adjusting their production plans following an export downturn that caused a drop in value for eight consecutive months, says the Federation of Thai Industries (FTI). These industries, notably furniture, machinery, steel and iron, and construction materials, depend on sales to the US as well as European and Asian countries. According to […]
Read MorePrime Minister Prayut Chan-o-cha has urged agencies concerned to streamline procedures so the country can achieve the target of receiving 25 million tourists this year, deputy government spokesperson Traisuree Taisaranakul said on Sunday. With this month’s introduction of the visa prescreening system (VPSS) by the Tourism Authority of Thailand (TAT) and the Foreign Ministry to expedite the […]
Read MoreThailand’s manufacturing production index (MPI) in May dropped by a less than expected 3.14% from a year earlier as exports weakened, the Industry Ministry said on Friday. The figure compared with a forecast in a Reuters poll for a fall of 4.5% in May. Output contracted 8% year-on-year in April. In the January-May period, the […]
Read MoreThailand’s economy is projected to expand 3.9% in 2023 from 2.6% last year because of stronger demand from China, Europe and the US, private consumption growth and a recovery in tourism, says the World Bank in its semi-annual Thailand Economic Monitor. Growth is expected to moderate to 3.6% next year and 3.4% in 2025, with tourism […]
Read MoreThailand’s top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco). Fetco recently released its Capital Market Snapshot report entitled “Aspects in Stability of the […]
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