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Thai Capital Market Committee expands Futures trading

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Securities firms and futures traders are now free to include any type of futures contracts in their proprietary accounts, the Capital Market Supervision Committee said yesterday. The list had been limited to futures that have stocks, gold, crude oil, foreign exchange, interest rates and financial indexes as underlying assets.

Thirachai Phuvanatnaranubala, secretary-general of the Securities and Exchange Commission (SEC) and the committee’s chairman, said the expanded list would allow traders to gain more revenue and reduce their dependence on commission fees.

However, they must submit monthly reports to the SEC and maintain sufficient capital for coping with associated risks.

via Futures trading expanded.

Thailand’s equity market bounced back strongly from the global crisis in 2009, with a total shareholder return (TSR) of 90.8% for the year against a 36% decline the year before. Ultra-lax monetary policies and massive public spending across the globe helped spur a quick turnaround from the worst global downturn since the Great Depression.

With economic pundits forecasting that Asian economies will lead global growth over the next few years, led by emerging giants China and India, it seems logical that investors will shift their funds to Thai and Asian equity markets in search of higher yields.

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Thai cabinet allows illegal migrant workers to sign up for 2-year work permit

Migrant workers from Cambodia, Laos, and Myanmar, who are in Thailand illegally, will be able to obtain a 2-year work permit under a special arrangement offered to help contain the spread of COVID-19.

National News Bureau of Thailand

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Samut Sakhon One Stop Service

BANGKOK (NNT) – Cabinet has approved a special arrangement for illegal migrant workers from neighboring countries, allowing them to register for 2-year legal work status in Thailand, following the case of a new COVID-19 outbreak among the migrant workers’ community.

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National

Thailand blocks online gambling websites

In the past week, the Ministry of Digital Economy and Society has asked all internet service providers and mobile carriers to block access to online gambling websites.

National News Bureau of Thailand

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logomain

BANGKOK (NNT) – Online gambling websites, which are easy to access by children and youth, have become a topic of concern for the Prime Minister, who has ordered strict suppression of these illegal websites.

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Covid-19: Thailand reports 10 weeks without local transmission

According to the Centre for Covid-19 Situation Administration (CCSA), Thailand has recorded zero new locally-contracted cases for 10 weeks.

Boris Sullivan

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According to the Centre for Covid-19 Situation Administration (CCSA), Thailand has recorded zero new locally-contracted cases for 70 days, as all new cases were imported from other countries.

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