The Securities and Exchange Commission, Thailand (SEC) is warning that people who invest in Initial Coin Offerings (ICO) and cryptocurrencies generally are taking a risk because Thai laws do not yet have any statutes in place that cover them.

Kasikornbank has teamed up with Major Cineplex Group and Major Bowl Group Co Ltd to offer a special promotion to customers of its K Plus mobile banking application who use QR code for payment. Customers can buy a movie ticket or popcorn set and beverage or use karaoke, bowling or ice-skating facilities at a special price of only Bt18 by clicking Reward Plus to get redemption rights.

Fintech and banking are often touted as competitors or rivals and there is much speculation about the industry’s future in the same way that music downloads disrupted the record industry and Uber is disrupting established transport industries.

Talad Invoice, a lending platform initiated by a fintech startup, is expected to grow at an exponential rate this year, following two years of peer-to-peer lending using invoices as loans collateral, said Watewiboon Pumipue, chief executive officer of D90 Capital Co, which operates the financial platform.

MORE than 700,000 visitors are expected at the Mobile Expo (TME) 2018 event that has opened in Bangkok, with the organisers looking at trade generating Bt1.9 billion in revenue over the four days (Febuary 15-18).

Myanmar business figures have hailed an agreement with Japan that paves the way for a big increase in trade and investment flows between the two countries.

THAILAND'S draft national strategy for stability, sustainability and wealth under the sufficiency economy philosophy is expected to come into force July with an annual assessment, according to National Economic and Social Development Board (NESDB).

Cryptocurrency traders filed a lawsuit Thursday against Japanese exchange firm Coincheck for freezing withdrawals after hackers stole hundreds of millions of dollars in digital assets.

Fuji Xerox (Thailand) has been able to open a One-Stop Printing Service Centre at Bansomdejchaopraya Rajabhat University in Thonburi with the financial support of the school itself.

To help entrepreneurs ride the eCommerce boom in the region, Lazada has rolled out a slew of measures that will make doing business online easier, faster and more financially rewarding.

Qualcomm said Wednesday its board would «promptly» consider a hostile $121 billion takeover bid by Singapore-based Broadcom following a meeting of top executives of the two computer chipmaking giants.

THE International Chamber of Commerce Thailand (ICC Thailand) has expressed its support for a legislative amendment to the Thai Arbitration Act, saying it would encourage foreign investors to put their money in the country and trade more with Thai counterparts. 

The Ministry of Agriculture and Cooperatives has proposed a budget of Bt213.386 billion for fiscal year 2019 to boost production as part of an upgrade of the agricultural sector. 

The prices of most products remain relatively steady ahead of the Chinese New Year, reflecting cautiousness among consumers, according to the Department of Internal Trade (DIT).

Overall lending by Thai commercial banks increased 4.4 per cent last year, boosted by acceleration in both SME and auto hire-purchase loan expansion late in the year, the Bank of Thailand reported on Monday.

The Bank of Thailand (BOT) is asking financial institutions in the Kingdom not to do business related to cryptocurrency, Governor Veerathai Santiprabhob said in a statement released on Monday.

FinNet Innovation Network, a subsidiary of the Stock Exchange of Thailand (SET), on Monday rolled out the infrastructure aimed at enhancing the efficiency of the capital market’s payment process, in line with the government’s National e-Payment Roadmap.

SET correction based on sound fundamentals.

ACTIVISTS and academics are preparing to take legal action against the government’s Eastern Economic Corridor (EEC) amid concerns over its impact on local people’s rights and on further aggravating pollution.

A STUDY into ride-sharing services has been handed to the Department of Land Transport (DLT) ahead of deliberations that could pave the way for US-based industry leader Uber to operate legally in Thailand.

THE Thai Institute of Directors Association (IOD) will consider poaching allegations in its corporate governance score for Italian-Thai Development in this year’s survey, said Bandid Nijathaworn, president and chief executive of the association.

Vietnam is the fastest-growing market in South East Asia in terms of mobile e-commerce growth, says the latest report on Southeast Asia’s 2017 e-commerce status by iPrice.

The arrest of construction tycoon Premchai Karnasuta will not affect major government infrastructure projects, Deputy Prime Minister Somkid Jatusripitak said on Wednesday.

The Securities and Exchange Commission (SEC) will present the results of its hearing on the supervision of initial coin offering (ICO) to the Capital Market Supervisory Board on expectation to finalise the policy within March.

Last Wednesday, PTT Exploration and Production announced its US$750-million (Bt23.63 billion) acquisition of an additional 22.2-per-cent stake in the Bongkot gas field from subsidiaries of Royal Dutch Shell. 

BenQ (Thailand) is focused this year on providing LCD displays and projectors to support both the business and education markets, managing director Thanyarak Nasomyon said.

RMI Global Ventures and INET have joined hands to introduce SuperDuck – an innovative cloud solution that is cheaper, faster and safer for Thais – in support of the government’s “Thailand 4.0” policy.

Singapore mobile payment app company SpherePay officially opened its Initial Coin Offering (ICO) on Monday. Earlier this month, SpherePay announced that it would launch a total of 10 Billion SAY tokens, of which 40% would be distributed for sale via an ICO.

The Transportation Ministry and state-owned airport operators plan to upgrade airport facilities throughout the nation this year as the number of airplane passengers has grown by 11 percent in the past two years.

TRIS Rating has removed the “negative” credit alert implication placed on the company rating of Thai Beverage (ThaiBev) since December 20, 2017. At the same time, TRIS Rating has downgraded ThaiBev’s company rating to “AA” from “AA+”, with a “stable” outlook. 

Chinese brands are increasingly becoming global and their growth has become a “standout” story, sadi David Haigh, the chief executive officer of market research firm Brand Finance.

The Thai government took another step forward in introducing a transfer pricing (TP) law earlier this month with Cabinet approval of a revised draft of the law. 

It seems that global investors still have a negative view of developed market bonds. The 10 year US Treasury yield continues to rise further after breaching the key 2.7 per cent level. Our DBS Bank foreign exchange strategist has issued a report warning that technically the US yield should test the 3 percent threshold in the medium term.

The overall economy continued to expand late last year, according to a new report from the Bank of Thailand.

The British Foreign Office has sold its embassy in Bangkok for 420 million pounds (Bt18.7 billion), according to UK media reports.