The Securities and Exchange Commission (SEC) has warned investors against investing in Somdejcoin (SDC), a decentralised finance token, saying the investment data regarding the coin is still unclear in many respects. The SEC issued a statement on Wednesday raising suspicions about SDC, a coin named after a monk who is revered by many Buddhists. The coin […]
Read MoreThe baht opened at 32.63 to the US dollar on Thursday, strengthening from Wednesday’s closing of 32.73. The Thai currency is likely to move between 32.55 and 32.70 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen by a weakening dollar and gold sell-offs […]
Read MoreThailands herd immunity can be reached with 100 million vaccines administered by the end of 2021 and forecasts economic recovery with 1.1 million more international tourists in Q1/2022, according to the Thammasat University Research and Consultancy Institute (TU-RAC)s research. Asst Prof Suthikorn Kingkaew, a research project manager at Thammasat University Research and Consultancy Institute (TU-RAC), […]
Read MoreThailand’s digital content industry is expected to reach 49.6 billion baht in market value this year, up 26% year-on-year, buoyed crucially by strong growth in the gaming segment, according to the Digital Economy Promotion Agency (Depa). The figure is projected to surge to 72.7 billion baht in 2023. The forecast was revealed at Depa’s news […]
Read MoreIndonesia has the lowest percentage of individual income tax revenue to GDP compared to neighbouring countries — 1.3 per cent, compared to 1.9 per cent in Thailand, 2.1 per cent in Philippines and 2.7 per cent in Malaysia. Due to the economic impact of the COVID-19 pandemic and the provision of related short-term tax incentives, Indonesian tax […]
Read MoreMyanmar will reopen land border crossings with China and Thailand next month ahead of a planned resumption of international air travel by 1Q2022. The decision comes as vaccination rates have improved significantly amid clear signs of economic recovery from the Covid-19 pandemic, according to a statement by the Ministry of Information. Maung Maung Ohn, minister […]
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