Tue, 26 Mar 2019 01:00
Forex fluctuations hit Thai shipments
FLUCTUATIONS in foreign exchange rates have impacted Thai shipments particularly to Argentina and Turkey whose currencies saw sharp depreciation last year, according to Commerce Ministry’s recent study.
Wed, 06 Mar 2019 01:00
Negative factors squeeze export numbers in January
Thai exports saw an unexpected 5.7 per cent slump year on year in January, pointing to impact from the baht’s appreciation, the Thai National Shippers’ Council (TNSC) said, while urging exporters to use local currencies to reduce financing costs and foreign exchange risks.
Sat, 05 Jan 2019 01:00
Cryptocurrency fuels freedom and is here to stay
Cryptocurrencies had a rough ride in 2018. Early last January, the total capitalisation of all cryptocurrencies tracked by CoinMarketCap.com came to more than US$800 billion (Bt25 trillion), its highest point ever.
Tue, 18 Dec 2018 01:00
Virtual currencies to be called crypto-assets
JAPAN’s Financial Services Agency has decided to integrate the names of bitcoins and other virtual currencies, which are traded online as fictitious money, into a category called “crypto-assets,” according to The Yomiuri Shimbun.
Wed, 28 Nov 2018 01:00
Cryptocurrency pioneer plans security token offering
Satang Corporation, one of the pioneers in the cryptocurrency business in Thailand, plans to raise funds by issuing a security token offering (STO), as part of its efforts to build a digital asset ecosystem that could help revitalise the bearish market for digital currencies.
Sat, 13 Oct 2018 16:08
IMF members pledge to avoid competitive currency devaluations
Economic chiefs from countries around the world - including China and the US, which have been warring over the falling yuan - pledged on Saturday (Oct 13) to refrain from competitive devaluations of their currencies.
Tue, 02 Oct 2018 01:00
Tech Bureau gets order on improvement after attacks
JAPANS’S Financial Services Agency has issued a business improvement order to cryptocurrency exchange operator Tech Bureau Corp over a cyber-attack that stole about 7-billion yens worth of virtual currencies from the exchange earlier this month.
Mon, 01 Oct 2018 06:40
Naver, Kakao and KT vie to launch cryptocurrencies
Naver's Line messenger, which is strong in Thailand and Indonesia; Korean messenger giant Kakao and mobile carrier KT vie to launch cryptocurrencies
Thu, 20 Sep 2018 14:59
Asian markets rally runs out of steam
The latest rally in most Asian markets stumbled Thursday, though emerging market currencies held gains after Beijing's pledge not to weaponise the yuan in its trade standoff with the United States.
Thu, 13 Sep 2018 11:43
Crypto exchanges can discern worthwhile coins, blockchain projects: Upbit CEO
With hundreds of new cryptocurrencies and blockchain projects being released daily, it’s difficult for investors to discern which digital coins are worth backing or are potential scams with no value.
Wed, 12 Sep 2018 01:00
Thailand can weather EM crisis
IT’S A CLASSIC emerging markets crisis: Fed raises rates causing US dollar to appreciate; emerging markets’ (EM) currencies fall and dollar-denominated debt blows up; import prices rise as currencies fall, pushing up inflation which in turn adds more pressure on the currencies.
Mon, 10 Sep 2018 01:00
Downside risks loom
SET Index is not expected to rise and will face limited downside risks this week.
The SET Index plunged more than 30 points last week, under pressure from volatile emerging-market currencies as well as concerns over US-China trade war with a possible third round of revenge and retaliation.
Fri, 07 Sep 2018 01:00
Thai handling of digital assets draws admiration
Government, central bank display regulatory wisdom in embracing crytocurrencies
Mon, 03 Sep 2018 01:00
AMLO sounds alarm over cryptocurrency-fuelled scams
THE MONEY laundering watchdog is considering creating its own digital wallet to tackle cybercrime related to cryptocurrencies, an Anti-Money Laundering Office (AMLO) official said at a Bangkok seminar last week.
Fri, 31 Aug 2018 12:36
Indian rupee touches record low as Asia markets tumble
Emerging market currencies sank in Asia on Friday, with the Indian rupee at a record low as dealers fear contagion from financial crises in Argentina and Turkey.