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Thailand: Cryptocurrencies a new issue for SEC

Cryptocurrencies have given rise to a new set of challenges for the Securities and Exchange Commission (SEC) as the recent price surge has lured numerous new investors to the market and spurred the trading value to 6.6 billion baht per day. The regulator has warned cryptocurrencies are highly volatile at about 30-100%, so investors must […]

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Thailand: Curfew to end in 17 tourist provinces

The prime minister has ordered an end to the curfew in 17 provinces, including Bangkok, from Oct 31 to support the reopening of the country to fully vaccinated foreign tourists on Nov 1. The order, signed by Gen Prayut Chan-o-cha, was published in the Royal Gazette late on Thursday night. It said the Covid-19 situation in the […]

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Thailand: Foreign speculators pressure baht

Foreign investors have been heavily speculating on the baht as Thailand’s twin deficits this year have pressured the local currency to weaken. Offshore investors, especially from the US, have been buying two Asian currencies, the baht and South Korea’s won. Foreign investors expect the local currency to further depreciate compared with the dollar, due to […]

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