Choosing where to invest is like a scenario of deciding which restaurant to dine in. For example, restaurant A and restaurant B both serve excellent food, both are accessible despite the traffic, and both have waiters who understand you quite well. What chance will restaurant B have over restaurant A if cooking time in restaurant B takes 15 to 20 minutes longer, and the food in restaurant B is more expensive by a third compared to A’s menu? Answer: If restaurant A is already full for the evening, you would go to restaurant B, ready to wait, ready to pay more, even if the food is just as good. Or, wait for another date to get into restaurant A. If inviting foreign investors or inviting investments for that matter is a business, then the Philippines versus its neighbors in Southeast Asia would be restaurant B. There is a good market here, good people, but expensive and complex. The Tax Reform for Attracting Better and High-quality Opportunities or TRABAHO bill would gradually … [Read more...] about Don’t show them the door
Myanmar thailand money exchange
The Stock Exchange of Thailand's (SET) stablecoin is to be used as an e-payment medium for clearing and settlement and not a fundraising tool, says a senior official at the Securities and Exchange Commission (SEC). Such a stablecoin will help reduce the clearing and settlement period of securities and lower transactional cost, which is normally done through the banking system, said Supa Thamthitivat, director of the market supervision group at the SEC. Stablecoins are a type of cryptocurrency designed to minimise price volatility by pegging their value to another cryptocurrency, fiat money or exchange-traded commodities. At present, the clearing and settlement period of securities are completed within two working days, but the period could be reduced substantially if the bourse's stablecoin could be used, Ms Supa said. The digital cryptocurrency could also offer greater flexibility for clearing and settlement, she said. The expectation is that the SET will be an intermediary for … [Read more...] about SEC says stablecoin won’t be employed as fundraising tool
SET mulls 'stablecoin' to tame Libra Game plan to handle cryptocurrency risk The Stock Exchange of Thailand (SET) has floated the idea of launching a digital "stablecoin" to be used domestically at first before expanding into Cambodia, Laos, Myanmar and Vietnam if the asset takes hold.The digital coin idea was proposed to the Securities and Exchange Commission (SEC) several months ago, said SET president Pakorn Peetathawatchai. "I would like to reiterate that it's still just the idea," he said. "We are thinking about new ways to make [securities] trading easier and it is under the SEC's consideration. Technology changes faster than people think." Facebook's Libra is not unprecedented but it will have an impact on people around the world if it comes into being, Mr Pakorn said. "People's trust is what Libra or any other cryptocurrency cannot steal from banks," he said. "How can we trust an intermediary that is not supervised by regulators?" Mr Pakorn said the SET … [Read more...] about SET mulls ‘stablecoin’ to tame Libra
Bangkok has become one of our favorite destinations for obvious reasons: its interesting, preserved heritage sites that speak well of their glorious past, the rich flora and fauna, food and fruits (check out the pungent and buttery kanyao variety of durian; duku langsat or lanzones; atis or sugar apple, pomegranate, guava, dragon fruit) and a personal favorite, crispy banana chips with tamarind paste. There are good buys in weekend markets, while modern retail shops offer a wide variety of products and services. We can’t seem to have enough of it. To sum up our Bangkok experience, I’ll rate from bad (in a good way) to baad (a rip off). Bad: I booked our airport pickup online (Viator for P2,262.39 or US$43.14). The six-passenger van was new, clean and spacious. The driver was polite and experienced. Baad: It took us over 40 minutes to find the van. My name was spelled wrong, making it difficult for me to spot the welcome sign displayed among hundreds of signs. In exhaustion, … [Read more...] about Bad, baad Bangkok!
PUTRAJAYA: A police inspector who was investigating money laundering involving the Wang Kelian trafficking camps revealed to the Royal Commission of Inquiry (RCI) that at least two Malaysians were involved in the syndicate by receiving ransom from victims’ families. Former Bukit Aman Anti-Money Laundering Division investigation officer Inspector Mohd Suffian Abdul Rashid said the Malaysians had received money from family members of those held at the transit camps, both on the Malaysian and Thailand sides of the border, to see their releases. One of them, “Ku Hamid Ku Musa”, was previously arrested by the police to assist in investigations, while the other suspect, “Ariffin Abdullah Ali”, is still on the loose. Mohd Suffian said in October 2015, his division was given a list of names suspected to be involved in the syndicate, three of which were Malaysians who used their bank accounts for the transfer of ransom money, while the remaining six were Thais who … [Read more...] about Wang Kelian RCI: M’sians received ransom from victims’ families