Thailand

The chairman disseminated false statements to various media outlets last year saying his company had signed a contract to import Phizer's Covid-19 vaccines.

Thai banks adopt "ESG Declaration". Government sets new carbon neutrality and net zero timelines. Climate Change Bill to become law in 2023.

The plans include new guidelines for banks, new data platforms, a new taxonomy, and other capacity-building initiatives.

VC and PE firms can obtain tax exemptions for investments in certain target industries until 2032.

Digital asset depository service providers already operating in Thailand have until 11 October to submit a licence application to the SEC.

The initiative will allow finance students from eight universities to gain experience in financial markets trading using Bloomberg data and tools.

The regulatory changes are in part a response to a liquidity crisis at Zipmex, one of Thailand’s leading digital asset exchanges.

The guideline is being developed with Chulalongkorn University to help listed entities adopt concrete human rights due diligence practices in line with the UNGPs.

The next phase of retail CBDC testing will involve Bank of Ayudhya, Siam Commercial Bank, payments provider 2C2P, and technology from Giesecke+Devrient.

The approvals come as the SEC continues to investigate Zipmex, which operates in Thailand, Singapore, Indonesia and Australia.