18 Nov 2019
The Thai economic performance remained lackluster in 3Q19 due to a number of factors. These include the anemic global economy, partly as a result of the prolonged trade war, while the strong Baht continued to undermine the pricing competitiveness of Thai exports amid limited growth in public and private investment. However, household spending continued to support the Thai economy. Looking into 4Q19, we at KResearch expect that the Thai economy will exhibit almost the same picture as in 3Q19, though it will likely be driven by additional economic stimuli introduced by the government, with the aim of sustaining household spending, and steady recovery in the number of international tourist arrivals overall. As a result, 4Q19 GDP will likely improve over that seen in 3Q19, but this may not be sufficient to support 2019 economy to grow on a par with our prior estimate of 2.8 percent. We are of the view that 2019 GDP growth may lean towards the lower end of our projection band at not less than 2.5 percent.... Read more
15 May 2018
The new digital asset law is intended to supervise retail investors and promote roles, as well as responsibilities of related businesses. All sections under the law require companies selling digital token or issuing initial coin offering (ICO) to comply with the SEC rules and regulations, including their information disseminated to investors and qualifications of their directors and executives. In addition, businesses are required to submit their operating performance and financial position reports to the SEC. Failure to comply with the regulatory requirement may result in criminal and civil charges.
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