Huobi Thailand shuts down after losing Crypto License
The Securities and Exchange Commission (SEC) said last week that it revoked the firm’s crypto-exchange license last month after it failed to set systems and personnel in accordance with rules and regulations
BOI approves 209.5 billion baht (US 6.2 billion) of projects, raises incentives for EV battery makers
So far, a total of 16 projects, with a combined investment value of 4.82 billion baht, by 10 different companies, have been granted promotion benefits for investments in the manufacture of EV batteries
SET welcomes beverage manufacturer “PLUS” on May 20
The Stock Exchange of Thailand (SET) will list Royal Plus pcl, a manufacturer and distributor of coconut juice, coconut milk, fruit juice and other beverages
May 19, 2022
U.S.-ASEAN Special Summit kicks off in Washington without Myanmar
The United States followed ASEAN’s lead in refusing to invite coup leader Min Aung Hlaing but offering a spot to a “non-political representative” of Myanmar—an offer the junta has consistently refused.
May 13, 2022
Thailand Cuts 2022 GDP Outlook to 3.5% Over Russia-Ukraine War
The tourism-dependent country is on track to receive 6.1 million foreign visitors this year, but below the 7 million projected earlier due partly to the impact of China’s travel restrictions and the Ukraine conflict on Russian tourist numbers.
Biden has made a point of stressing ASEAN centrality, and for the attending ASEAN leaders this is a chance to set out regional priorities to a superpower whose influence, if receding, is still substantial.
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