Showing 1 - 10 of 18
Local Bitcoin funds record returns of 30%
Nuntawun Polkuamdee, Published on 02/12/2024
» Two Thai Bitcoin mutual funds have posted returns reaching 30% following their launches in June, drawing demand from investors as prices continue to spike, approaching US$100,000 following Donald Trump's victory in the US presidential election.
Crypto traders subject to 15% capital gains tax
Business, Nuntawun Polkuamdee, Published on 06/01/2022
» Profits from cryptocurrency trading are now subject to a 15% capital gains tax, according to a source from the Finance Ministry.
Fetco incentive proposals set
Business, Nuntawun Polkuamdee, Published on 14/08/2020
» The capital market representative is set to unveil its proposals to Finance Minister Predee Daochai related to investment incentives, long-term savings and capital market development.
SEC to amend decree on digital asset businesses
Business, Nuntawun Polkuamdee, Published on 25/11/2019
» The Securities and Exchange Commission (SEC) plans to amend the royal decree on digital asset businesses next year, aiming to facilitate the growth of digital assets while protecting investors from unnecessary risk.
Trading dwindles as new tax begins
Business, Nuntawun Polkuamdee, Published on 12/09/2019
» Average daily new short-term corporate bond issuance and short-dated corporate bond trading in secondary markets slumped by 75% and nearly 50%, respectively, after a 15% withholding tax on gains from investment in fixed-income funds came into force on Aug 20.
New tax poised to diminish bond activity
Business, Nuntawun Polkuamdee, Published on 19/08/2019
» Active bond trading and new debenture issuance are expected before the 15% withholding tax imposed on fixed-income funds takes effect on Tuesday, in order to avoid the latest tax tweak aimed at reducing inequality.
Political stability still in doubt ahead of expected stimulus
Business, Nuntawun Polkuamdee, Published on 18/07/2019
» Economic policies aimed at stimulating domestic consumption are expected to materialise soon, but long-term government stability still poses uncertainty for investment sentiment, says a banking executive.
Thai Bond Market Association seeks withholding tax review
Business, Nuntawun Polkuamdee, Published on 12/07/2019
» The Thai Bond Market Association (TBMA) will meet with newly appointed Finance Minister Uttama Savanayana to request a review of the 15% withholding tax placed on fixed-income funds set to take effect on Aug 20.
AIMC calms investor jitters
Business, Nuntawun Polkuamdee, Published on 04/06/2019
» The Association of Investment Management Companies (AIMC) has played down investor concerns about the 15% withholding tax placed on fixed-income funds, noting that the levy will be implemented on new fixed-income funds established from Aug 20.
Local investors in bullish mood
Business, Nuntawun Polkuamdee, Published on 05/03/2019
» Investor confidence in portfolios during the three months through May improved to bullish territory for the first time in five months, bolstered by election optimism and listed companies' financial performance, according to the Federation of Thai Capital Market Organizations' (Fetco) monthly survey.