Thai SEC consults public on crypto investor income rules

Thai SEC consults public on crypto investor income rules Thai investors who do not qualify for crypto trading under proposed SEC rules would still be able to invest through licensed fund managers. The Securities and Exchange Commission of Thailand has launched a public consultation on proposed cryptocurrency investor qualification rules. According to an official announcement Thursday, the…

Thailand-China sign deal promoting Thai fruit export

Thailand-China sign deal promoting Thai fruit export

Thailand-China sign deal promoting Thai fruit export Bangkok  – With seasonal fruit about to hit the market, including durian, rambutan, and mangosteen, the Thai-Chinese Chamber of Commerce has singed an agreement with CCIC Thailand to provide better traceability service for Thai fruit exported to China, following a new traceability requirement for all imported farm products into China.…

Thai SEC schedules hearings to address crypto investor qualifications

Thai SEC schedules hearings to address crypto investor qualifications

Thai SEC schedules hearings to address crypto investor qualifications The SEC of Thailand is looking to establish qualifications for crypto investors as digital currency purchases increase. A major financial regulator in Thailand is looking to determine qualifications for cryptocurrency traders to ensure investor protection. The Securities and Exchange Commission of Thailand has scheduled a public…

Domestic car sales slump

Domestic car sales slump

Domestic car sales slump Domestic car sales in Thailand declined 21.3% in January to 55,208 units from last year as the second-wave outbreak continues to drag down consumer confidence and purchasing power. Passenger car sales decreased by 44.2% to 16,104 units year-on-year, while sales of commercial cars decreased 5.4% to 39,104 units. Pure pickups with…

TRIS Rating maps out rocky path to Thai economic recovery

TRIS Rating maps out rocky path to Thai economic recovery

TRIS Rating maps out rocky path to Thai economic recovery Thai businesses were coping with the sharp declines in revenue by aggressively cutting costs, stockpiling cash, and delaying capital expenditures in anticipation of a tough time ahead, according to TRIS Rating on Thursday.For its latest economic outlook, the credit-ratings agency assessed three key aspects governing…

Mercedes-Benz: Luxury cars to help drive economy

Mercedes-Benz: Luxury cars to help drive economy Mercedes-Benz (Thailand) sees positive signs in Thai and global luxury car markets, with sales surging in its two models in Thailand, helping the German automaker cushion an overall sales drop in the domestic market during the pandemic-hit year of 2020. From January to December last year, Mercedes Benz…