Showing 1 - 10 of 26
Agency warns investors of DeFi risks, legal situation
Business, Darana Chudasri, Published on 13/07/2021
» The Thai Digital Asset Association warned investors about the risks of investing in DeFi and clarified that the association cannot serve as an intermediary in a legal dispute after Genesis, a decentralised platform (DeFi) platform, claimed the association will act as an intermediary for the indemnification for any damage caused by fraud.
OIC to step up measures against fraud
Business, Darana Chudasri, Published on 06/07/2021
» The Office of Insurance Commission (OIC) is coordinating with health insurance-related agencies to curb a rapid increase in incidents of insurance fraud.
SEC files criminal charge against Binance
Business, Darana Chudasri, Published on 03/07/2021
» The Securities and Exchange Commission (SEC) has filed a criminal complaint against Binance, the world's largest cryptocurrency exchange platform, for illegally operating a digital asset business without a licence under the Digital Asset Businesses Decree.
Regulator nails down capital adequacy method
Business, Darana Chudasri, Published on 05/02/2021
» The Office of Insurance Commission (OIC) has approved the revision of its capital adequacy ratio (CAR) calculation method, broadening opportunities for local insurance companies to invest in foreign assets and diversify risks during the pandemic and amid low interest rates.
SEC files lawsuit against BX
Business, Darana Chudasri, Published on 23/12/2020
» The Securities and Exchange Commission (SEC) filed a criminal suit on Tuesday against Bitcoin Company Limited (BX), the country's first and the largest digital exchange which closed its business last year, alleging the company transferred customers' digital assets to digital wallets not authorised to hold customers' assets.
OIC okays revised calculation of RBC
Business, Darana Chudasri, Published on 01/09/2020
» The Office of the Insurance Commission's (OIC) board approved a revision of its risk-based capital (RBC) calculation last Friday, expected to go into effect from Dec 31 this year following a review process.
Risk charge method under fire
Business, Darana Chudasri, Published on 29/08/2020
» Insurance companies are requesting that the Office of the Insurance Commission (OIC) review the risk charge calculation version 2 that was implemented last year, citing its negative impact on the industry's capital adequacy ratio (CAR).
A safe pair of hands for the family legacy
Business, Darana Chudasri, Published on 30/05/2020
» Taking over a business from parents is not as easy as some may think. Heirs and heiresses ultimately have to prove their diligence and ability, regardless of their last name. In many cases, they expand the family business; in others, they drive it into the ground.
Experts approve of OIC policy
Business, Darana Chudasri, Published on 28/04/2020
» Industry experts recommend auto insurance policyholders exploit the Office of the Insurance Commission's (OIC) policy to allow insurers to temporarily charge premiums on a pro-rata basis by putting the insurance on hold while working from home to either receive cash back or extend the protection period.
Mad dash to cash in on gold spike
Business, Darana Chudasri, Published on 16/04/2020
» Thailand's net gold exports of 18,052 kilogrammes in February and 17,638kg in March outpaced the total volume in 2019 of 13,528kg, indicating a mad rush to sell the metal, while the lopsided market has compelled some goldsmiths to temporarily shut down for fear of a cash shortage.