Thailand

Thailand authorities have revised the local tax policy to exempt cryptocurrency traders from the mandatory 7% value-added tax (VAT), but on one condition. What Happened: Thailand's finance ministry decided to waive the mandatory 7% VAT tax imposed on crypto trades if the traders operate on...

Thailand has reportedly scrapped plans to impose a 15% withholding tax on crypto transactions following a surge in cryptocurrency trading. The proposal, which was presented earlier this year, triggered a lot of opposition, but it appears that some sort of crypto tax will still be implemented....

Ford Motor Co (NYSE: F) said on Wednesday it would invest $900 million to modernize its two of its manufacturing plants in Thailand, which doubles up as an export hub for the automaker.  What Happened: The Dearborn, Michigan-based automaker said this would be its single largest investment...

The Siam Commercial Bank — Thailand's oldest bank — acquired a majority stake in local cryptocurrency exchange Bitkub. What To Know: The Siam Commercial Bank paid 17.85 billion baht ($536.6 million) for the Bitkub stake, according to Tuesday's announcement. The transaction is...

Thailand has banned all meme tokens, fan tokens, exchange tokens and non-fungible tokens (NFTs), the country’s Securities and Exchange Commission said in a statement Friday. What Happened: The Thai SEC didn’t specifically mention the high-profile cryptocurrency Dogecoin (DOGE), which is...

General Motors Company (NYSE: GM) on Monday announced that it is scrapping its Australian subsidiary Holden, while also winding down operations in New Zealand and Thailand. End Of An Era For Australia The automaker said that it would phase out the 164-year old brand by 2021. "I've often...

Sugar prices have been experiencing a global surge due to the reduced supply coming in from India and Thailand, as the countries suffer from poor weather conditions, the Nikkei Asian Review reported Friday. Shrinking Supply The recent surge in oil prices as tensions between the...

The iShares MSCI Thailand ETF (NYSE: THD), the lone U.S.-listed exchange traded fund dedicated to Thai equities, is up 7.37 percent this year, a disappointing performance for a fund known to overshoot when broader emerging markets benchmarks rally. Year to date, THD is trailing the MSCI Emerging...

Among the many curveballs the global economy has thrown at investors this year, one of the least expected might be the traction emerging markets have seen in the opening months of the year. Take a look at the year-to-date chart for the Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSE: EDC...

Thai King Maha Vajiralongkorn signed into law a bill legalizing medical use of cannabis earlier this week. The move comes two months after the country's legislature approved the necessary amendments. What Happened In November, the Thai National Legislative Assembly submitted a number of...

The iShares MSCI Thailand Capped ETF (NYSE: THD), the lone U.S.-listed exchange-traded fund dedicated to Thai stocks, is up about 12 percent year to date. While that performance lags the returns of the MSCI Emerging Markets Index, that sentiment should diminish the potential offered by THD. THD is...

Harley-Davidson Inc (NYSE: HOG), which used the “buy American” credo for much of its marketing efforts, plans to build an assembly plant in Thailand to better embrace the Asian market. Harley was down 1.59 percent, at $52 on Wednesday, after word about the plant opening leaked out....

In previous eras of strength for emerging markets equities, the iShares MSCI Thailand Capped ETF (NYSE: THD) was frequently a leader. That isn't the case this year as the lone Thailand exchange-traded fund listed in the U.S. is up just 6.4 percent, a fraction of the almost 18 percent returned...

There have been periods of emerging markets ebullience when the iShares MSCI Thailand Capped ETF (NYSE: THD), the lone U.S.-listed exchange-traded fund dedicated to Thai equities, has received ample attention. At least to this point, 2017 does not feel like one of those periods. Perhaps it is...

Thailand's central bank was forced to issue a warning to all commercial banks that their banking systems could be vulnerable to cyber-attacks. According to the Bangkok Post, the central bank of Thailand (BoT) said that a gang of cyber-criminals from Eastern Europe stole 12 million baht, or $350,000...