Thailand's Finance and Tourism ministries are reconsidering a 1,000-baht tax on all departing air passengers, including Thai citizens, aiming to raise around 10 billion baht annually for a domestic travel subsidy programme and curb capital outflows. Tourism groups warn the measure could weaken travel demand and prompt airlines to reduce flights to Bangkok.
GULF Group's Technology Arm Partners With Injective to Develop Blockchain-Based Financial Services
Thailand's Gulf Labs has partnered with blockchain developer Injective to explore asset tokenisation, stablecoins and digital financial infrastructure, seeking to integrate blockchain technology into GULF Group's energy and telecommunications businesses and expand its presence in Thailand's digital asset market.
Bank of Thailand Tightens Financial Controls to Combat Illicit Capital Flows
Thailand's central bank is strengthening foreign exchange monitoring and compliance requirements for non-bank financial channels, targeting suspicious transactions involving property, cryptocurrencies and gold as authorities seek to curb money laundering and reduce risks from unregulated cross-border capital flows.