Thailand Financial News

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Sri Lanka was forced to repatriate the Thailand-born elephant to its birthplace.Muthu Rajen landed in Thailand on a special reparation flight, for which a whopping amount of USD 4,25,000 was spent. He was airlifted in a specially-made steel cage to Chiang Mai. Four Thai handlers and one zoo keeper accompanied Muthu on his flight to his birthplace. The Thai Royal family gifted three elephants, including Muthu Rajen to Sri Lanka in 2001. They were to be trained so that they could help perform Buddhist religious rituals. But the animal rights groups allege that the elephant was forced to carry heavy logs in the temple. It developed a stuffed leg. Sri Lanka-based Rally for Animal Rights and Environment raised the issue of neglect and bad treatment to Muthu Rajen with the Thai authorities and asked them to take the elephant back to save it. When the Thai ambassador visited Muthu at the temple, he was in pain and covered in abscesses. At the request of the envoy, Muthu was shifted to Sri Lanka National Park. Talking to the journalists, Sri Lanka wildlife minister Pavithra Wanniarachchi said that the Thai authorities were adamant about taking Muthu Rajen back due to the harsh treatment it received. Ultimately, the elephant returned to its birthplace.

Thailand’s Securities and Exchange Commission (SEC) has issued new rules for digital asset service providers focused on investor protection.

Manufacturing across most of Asia deteriorated further in June as a weak Chinese economy sapped demand for the region’s goods. Factory activity remained stuck in contraction in neighbouring economies South Korea, Japan and Taiwan, according to manufacturing purchasing managers’ indexes published Monday by S&P Global and au Jibun Bank. Much of Asia’s manufacturing sector had pinned its hopes on a strong Chinese post-pandemic rebound, only to see weaker-than-expected trade with the world’s second largest economy.

Nitin Gadkari has said. India, Thailand and Myanmar are working on about 1,400-km-long highway that would link the country with Southeast Asia by land and give a boost to trade, business, health, education and tourism ties among the three countries.

Jo Lindner, better known as “Joesthetics,” has died. He was just 30. His death was confirmed by his girl friend Nicha.

A woman had to have part of her leg amputated after it became trapped in a movable walkway at Bangkok’s Don Mueang Airport on Thursday, officials said.

Abu Dhabi and Dubai from the Lucknow airport starting July 12, officials said on Friday. After the flights to Abu Dhabi and Dubai are added — both onward and return — the average international flights at the airport will increase from 13 to 17 flights per day, a Chaudhary Charan Singh International Airport (CCSIA) spokesperson said in a statement.

Blockchain-based payments firm Ripple has obtained in-principle regulatory approval from Singapore’s financial regulator to offer digital asset payments and token products in the city-state.

The Bank of Thailand will launch a retail central bank digital currency (CBDC) pilot project in a regulatory sandbox this month. Three payment providers will take part, according to local media. The project will involve up to 10,000 users and run through August.

The founders of collapsed cryptocurrency hedge fund, Three Arrows Capital, have been living the high life in Bali after their company's failure last year. 

BEIJING — China can't easily rely on its neighbors as export markets in a global slowdown, the latest trade data show.

The Bank of Japan released the results and findings of a report on central bank digital currencies 

After five years out of the Japanese market, crypto exchange Binance has begun the process of establishing a new and fully regulated subsidiary in the country. The move follows the acquisition of the regulated crypto exchange Sakura Exchange Bitcoin (SEBC) in November 2022. 

Cryptocurrency exchange Binance continues expanding its global reach by securing new regulatory approvals in Thailand.

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US lawmakers from both sides of the aisle introduced a bill this week to block the Federal Reserve from issuing a central bank digital currency. 

Bitget, a cryptocurrency derivatives exchange, has announced a new corporate social responsibility project, Blockchain4Youth, aimed at promoting cryptocurrency education among the younger generation. The initiative will allocate $10 million over five years towards providing blockchain courses and certifications through Bitget Academy and hosting campus lectures in partnership with universities worldwide. Bitget will also collaborate with other leading blockchain firms to incubate innovative projects by young entrepreneurs and host U30 (Under the age of 30) hackathons to identify the most promising ones.

BEIJING — In the last two years, China has announced the opening of new freight train lines, while cross-border railways have become a feature in President Xi Jinping's meetings with regional leaders.

Crypto exchange Bitget announced the launch of a Web3-focused corporate social responsibility (CSR) project, with plans to invest millions in nurturing young talent for the future of crypto adoption.

United States-founded cryptocurrency exchange Coinbase has no plans to move its operations out of the U.S., CEO Brian Armstrong told investors in an Q1 earnings call.