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THAILAND

Bitcoin scandal spreads to banks, stock exchange

News, Post Reporters, Published on 16/08/2018

» A "whale" investor in the Stock Exchange of Thailand (SET) and staff at up to three Thai banks are suspected of being complicit in a 797 million baht (US$24 million) scandal involving a foreign investor and the cryptocurrency bitcoin (BTC), police said Wednesday.

THAILAND

Angola row firm 'is broke'

News, Post Reporters, Published on 16/08/2018

» Centennial Energy (Thailand) Co, whose directors and employees have been detained in Angola in Southwest Africa after signing a document to develop a US$50-billion project, has reported total income of just 225 baht over the last three years, Isra News Agency reported.

THAILAND

Dams told to release water ahead of rain

News, Post Reporters, Published on 16/08/2018

» Five major dams are being ordered to boost the discharge of excess water to prepare for Tropical Storm Bebinca, which is forecast to bring heavy rainfall to many parts of the country until Sunday.

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THAILAND

Court gives 4 months for ballot protest

News, Post Reporters, Published on 16/08/2018

» The Appeal Court yesterday handed down a four-month prison term suspended for two years to three anti-coup activists involved in tearing up a ballot paper during the charter referendum in August 2016.

THAILAND

LAO draft laws heading to cabinet

News, Post Reporters, Published on 16/08/2018

» Six local administrative organisation (LAO) draft laws are likely to be submitted to the cabinet for consideration later this month, Deputy Prime Minister Wissanu Krea-ngam says.

THAILAND

New rule on young girls set

News, Post Reporters, Published on 16/08/2018

» Following the recent controversial marriage of an 11-year-old Thai girl to a 41-year-old Malaysian man, the Central Islamic Council of Thailand (CICT) has put in place a new measure requiring any marriage involving a girl younger than 17 to be considered and approved by a provincial Islamic committee only.

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BUSINESS

KBank boss questions single lending limit

Business, Post Reporters, Published on 16/08/2018

» Kasikornbank (KBank) chief executive Banthoon Lamsam has raised concerns over the Bank of Thailand's single lending limit, saying the rule could be a factor in widening inequality.