The Securities and Exchange Commission (SEC) in Thailand recently filed a criminal complaint against Binance over unregistered operations. In Thailand, a licence is required to provide services related to digital asset trading. The SEC alleged that Binance has operated a cryptocurrency exchange business in Thailand without a license, in breach of the Digital Asset Business Decree. […]
Import/Export Licenses Trading or manufacturing companies are often involved in the import and export of products and raw materials. In Thailand, individuals or companies involved in these activities are required to register with the Thai customs office and apply for an import/export customs paperless license. The license allows companies to be registered with Thailand’s customs […]
At a meeting on Wednesday 30 June 2021, the Board of Investment (BOI) approved a series of enhanced incentives in research and development (R&D) and human resource (HR) development. Further incentives were also approved to attract more investment in the semiconductor, digital and packaging industries. In a bid to encourage companies to set up their […]
Approval of debt relief extension In the last cabinet meeting, the executive government approved an extension of debt relief measures for customers of seven state-owned financial institutions. The existing measures, which were set to expire in June or July of 2021, have been extended for a further six months. The measures are varied, ranging from […]
On 23 June, Mr Titanun Mallikamas, the Secretary of the Monetary Policy Committee (MPC) announced the outcome of the most recent meeting of the MPC in relation to Thailand’s policy rate. For the ninth consecutive meeting, the MPC has unanimously voted to maintain Thailand’s policy rate at 0.5%. Based on the current trend, it seems […]
What is AI? Artificial Intelligence (AI) can be defined as the development of computer systems to perform tasks that are normally required to be performed using human intelligence. Common examples of AI include visual perception, speech recognition, decision making and translation between languages. The emerging technology has the potential for enormous impact on businesses that […]