SEC imposes civil penalties on 14 individuals for price manipulation
The Securities and Exchange Commission (SEC) has levied financial penalties and trading restrictions on 14 individuals for manipulating the share prices of The Steel Public Company Limited (THE). These individuals…
Maid ‘receives’ B100m worth of assets
A French businesswoman on Koh Samui left approximately 100 million baht worth of assets to her long-time Thai maid following her tragic death. Catherine Delacote, aged 59, owned five pool…
Bitcoin drops in value as Federal Reserve commits to maintaining current interest rates for an extended period
Bitcoin dropped to a two-month low, hovering around $57,000, following Federal Reserve chair Jerome Powell’s announcement of prolonged high interest rates to combat persistent inflation. The cryptocurrency faced a more…
The Baht expected to reverse its direction in the second half of the year.
In April, the Baht’s depreciation eased, buoyed by the strengthening momentum of the Thai economy. A senior executive at the Bank of Thailand anticipates a potential strengthening of the local…
Bitcoin Drops to Lowest Level in a Week as Hopes of Crypto Rebound in 2024 Stumble
Bitcoin and the broader cryptocurrency market experienced a retreat on Monday, as some traders remained cautious ahead of an upcoming Federal Reserve meeting that could indicate a prolonged period of…
Medical Claims Abuse Results in 40 Singapore Bank Employees Being Sacked
Bank of Singapore, which serves as the private banking arm of Oversea-Chinese Banking Corp (OCBC), has terminated around 40 employees due to the inappropriate use of medical benefits, as reported…
March Exports Drop by 10.9% Year-on-Year
Thailand’s customs-based exports experienced a decrease of 10.9% year-on-year in March, as announced by the Commerce Ministry on Monday, which was lower than what analysts had predicted. This figure contrasts…
The Price of Eggs Continues to Soar
Today, the price of chicken eggs has increased by an additional 6 baht per tray, as reported by the president of the Chicken Egg Farmers Association. He indicated that prices…
BOT pushes local banks to cut down lending rates
The recent actions by the Bank of Thailand (BoT) follow a meeting between Prime Minister Srettha Thavisin and key bank CEOs, where the Prime Minister urged banks to lower lending…
Reducing Energy Costs by Offsetting Fines with PTT Payments
The Energy Regulatory Commission (ERC) is considering reducing electricity bills towards the end of the year if PTT Plc, a national oil and gas conglomerate, fulfills fines amounting to 4.7…