The Bank of Thailand (BOT) has written to commercial banks asking them to disclose statistics on the recent glitch in their mobile-banking applications on their websites by August 30. It said that since information technology (IT) plays a significant role in commercial banking, any disruptions will have a widespread impact on businesses. The letter also […]
Read MoreThe Finance Ministry plans to establish a committee to determine how to restructure the taxation system. Minister Uttama Savanayana said on Monday (August 26) the planned revamp would sharpen Thailand’s global competitive edge and ensure fair assessment for all citizens and private firms. Committee members will be representatives of the three tax-collection departments and the […]
Read MoreIn a move to tackle rising glutinous rice prices, the government has ordered millers, traders and exporters to report their stocks by on Tuesday. The Commerce Ministry will also call a meeting with millers and packaged rice producers on Wednesday to produce packed glutinous rice at a special price. Commerce Minister Jurin Laksanawisit said he […]
Read MoreAbout 10 accounts on social media platforms are being monitored for suspicion of generating and sharing fake news that could affect the public, says Buddhipongse Punnakanta, minister of Digital Economy and Society (DE). “The DE Ministry is working with related agencies, including the Technology Crime Suppression Division (TCSD), before taking legal action against them,” Mr […]
Read MoreThe Finance Ministry expects to introduce a value-added-tax on electronic businesses next year, aiming to collect between 3 billion to 4 billion baht a year, a ministry official said on Monday, tapping a boom in e-commerce in the country. The tax is expected to seek parliamentary approval this year, Ekniti Nitithanprapas, director-general of the Revenue […]
Read MoreThe baht continues to be strong while the escalating trade war and violent protests in Hong Kong cause Asian stock markets to slide. The Hang Seng Index shed more than 3 per cent at some point this morning (August 26) as investors worried about a new round of trade tensions between the. United States and […]
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