Thailand Financial News

South Korea's leading cryptocurrency exchange Upbit by volume has secured in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). 

Penfolds owner Treasury Wine Estates was hit with a 46 per cent protest vote over executive pay on Monday after the board allowed share-based incentives to chief executive Tim Ford on the basis that no-one could have foreseen the heavy profit drop from punishing wine tariffs imposed by China.

NEW DELHI : India may sign a memorandum of understanding (MoU) with its key diplomatic partner Indonesia to sell up to 1 million tonnes (mt) of white rice annually, two government officials said. India’s 20 July ban on non-basmati white rice exports comes even as Indonesia plans to safeguard food security against disruptions caused by the El Nino weather pattern and difficulties with supplies from Vietnam, the current major supplier. Although Indonesia is self-sufficient in rice production, it procures rice through MoUs when there is uncertainty in meeting its domestic demand.

Rice exporters have requested the Centre for a flat export duty of USD 80 per tonne for parboiled rice instead of the current 20 per cent duty to smoothen trade, a top official of the rice exporters' umbrella body said on Sunday. The Indian Rice Exporters Federation (IREF) has also requested the government to reconsider its export ban on white rice which was imposed in July and reduction in the minimum export price for basmati rice to USD 850 per tonne to prevent negative impacts on both export volumes and farmers. On Friday, the government had extended the 20 per cent duty on parboiled rice exports until March 24.

The chief executive over Georgia's seaports says larger cargo ships will need deeper water and a taller bridge to reach the Port of Savannah in the near future

palm oil imports in September fell 26% from the previous month to 834,797 metric tons, the lowest in three months, as higher inventories prompted refiners to curtail purchases, a trade body said on Friday. Lower purchases by the world's biggest importer of vegetable oils could lead to higher stocks of palm oil in key producers Indonesia and Malaysia, weighing on benchmark futures. Imports of soyoil edged 0.1% higher to 358,557 tons and those of sunflower oil were down about 17.8% at 300,732 tons, the Mumbai-based Solvent Extractors' Association of India (SEA) said in a statement. Vegetable oil imports fell about 17% to 1.55 million tons from last month's record purchases of 1.87 million tons, it added. «India imported more than necessary during July and August, but retail demand in the country is weak. Refiners are now struggling to sell imported oil,» said a Mumbai-based edible oil trader. In recent months, India has emerged as a primary destination for surplus oil supplies due to its lower import duty of 5.5% on crude palm oil, crude soybean oil, and crude sunflower oil, said B.V.

rupee declined on Thursday as importers bought the U.S. dollar ahead of the release of consumer price index (CPI) data from the world's largest economy later in the day. The rupee settled at 83.2425 against the dollar compared with 83.1875 in the previous session, after having risen to a session high of 83.13. Most Asian currencies rose with the Thai baht leading the gains. The dollar index was little changed at 105.7, hovering near a two-week low, after minutes of the U.S.

Caroline Ellison, the former romantic partner of embattled FTX founder Sam “SBF” Bankman-Fried and the former CEO of Alameda Research, has claimed in her courtroom testimony that SBF bribed Chinese officials for millions of dollars to unfreeze funds locked in local exchanges. 

Thailand's prime minister says Malaysia’s national carmaker Proton and its Chinese partner Geely are considering setting up a plant in Thailand to produce electric vehicles

By Fanny Potkin and Supantha Mukherjee

Caroline Ellison, former Alameda Research CEO and ex-girlfriend of disgraced FTX founder Sam Bankman-Fried, stunned the jury today in Manhattan Federal Court when she revealed startling claims involving Alameda Research’s ties to international government officials.

The Central Bank of Nigeria (CBN) had to publicly insist that their project, one of the world’s first operating central bank digital currencies (CBDC), doesn’t threaten the country's financial stability. 

Hong Kong's leader says the city will seek to strengthen its economic and trade ties with Thailand after a meeting with the country’s prime minister

Tourism in China has bounced back to pre-pandemic levels during a recent eight-day national holiday, giving a temporary boost to the nation’s flagging economy

China bounced back to pre-pandemic levels during a recent eight-day national holiday, giving a temporary boost to the nation's flagging economy. The government said that tourism revenues reached about 753 billion yuan (USD 103 billion) during the combined Mid-Autumn Festival and National Day holiday period that ended Friday, a rise of 1.5 per cent over 2019 and 130 per cent compared to last year when pandemic restrictions were still in place.

Managed by Nipun Sharma, the fund held long and short positions across Asia excluding Japan, using a bottom-up stock picking approach.

By Satawasin Staporncharnchai and Chayut Setboonsarng

Take a look at the schedule for Team India today, October 4: 4:30 am: 35km Race Walk Mixed Team - Manju Rani, Ram Baboo 16:30 pm: Men’s High Jump Final - Sandesh Jesse, Sarvesh Kushare 16:35 pm: Men’s Javelin Throw Final - Neeraj Chopra, Kishore Kumar Jena 16:40 pm: Women’s Triple Jump Final - Sheena Nellickal Varkey 16:55 pm: Women’s 800m Final - Harmilan Bains, KM Chanda 17:10 pm: Men’s 5000m Final - Avinash Sable, Gulveer Singh 17:45 pm: Women’s 4 x 400m Relay Final - India 18:05 pm: Men’s 4 x 400m Relay Final - India (Muhammad Anas Yahiya, Amoj Jacob, Nihal William, Mijo Kurian) 6:00 am: Men’s Team Group A match - India vs Thailand 1:30 pm: Women’s Team Group A match - India vs Thailand 6:10 am: Compound Mixed Team Quarterfinal - India vs Malaysia 11:50 am: Recurve Mixed Team Quarterfinal - India vs Indonesia 6:30 am: Jumping Individual and Team Qualifier Round 1 - Kirat Singh Nagra, Tejas Dhingra, Yash Nensee 11:30 pm: Jumping Individual Qualifier Round 2 and Team Final Round - Kirat Singh Nagra, Tejas Dhingra, Yash Nensee 6:30 am onwards: Men’s Team Semifinal Session 4, 5 and 6 7:30 am onwards: Men’s Greco Roman 67kg 1/8 final - Neeraj 7:30 am onwards: Men’s Greco Roman 87kg 1/8 final - Sunil Kumar 7:30 am onwards: Men’s Greco Roman 60kg 1/8 final - Gyanender Dahiya 7:30 am onwards: Men’s Greco Roman 77kg 1/4 final - Vikas 7:30 am: Women’s Singles Round of 16 - PV Sindhu vs Putri Wardani (Indonesia) 7:50 am: Men’s Singles Round of 16 - HS Prannoy vs Dmitriy Panarin (Kazakhstan) 8:10 am: Women’s Doubles Round of 16 - Treesa Jolly/Gayatri Gopichand vs H Kong/ S Kim (South Korea) 8:30 am: Mixed Doubles Round of 16 - Tanisha Crasto/SP Krishna Prasad vs Ew Too/TJ Chen (Malaysia) 9:10 am: Men’s Doubles Quarterfinal -

Track the Asian Games LIVE medal tally here.India's Neeraj crashed to a 3-5 defeat vs Uzbek Makhmud Bakhshilloev in the men's greco-roman 67kg 1/8 final. In Wrestling, India have Neeraj facing Uzbek Makhmud Bakhshilloev in the men's greco-roman 67kg 1/8 final.India win bronze medal in 35km race walk mixed team event at Asian Games.Indian archers Jyothi Surekha Vennam and Ojas Deotale held their nerves to beat Malaysia 158-155 and advance into the compound mixed team semifinals at the Asian Games here on Wednesday.Standing one win away from a medal, the top-seeded India will next take on fourth-seed Kazakhstan in the semifinals later in the day.

The Cyber Crime Investigation Bureau (CCIB), an arm of the Royal Thai Police, has announced the successful retrieval of $277 million (about 10 billion THB in local currency) in digital funds from internet fraudsters, all thanks to its collaboration with the Binance exchange. 

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