Thai authorities seized assets worth 8.3 billion baht ($260 million) belonging to people behind an alleged money-laundering network linked to transnational cyber scam operations in Cambodia, Bloomberg News reported. The latest seizure by the Anti-Money Laundering Office included cash, cars, bank deposits and other securities, bringing the total value of assets confiscated in the widening probe to more than 20 billion baht, officials said at a briefing in Bangkok on Thursday.

The Bank of Thailand will keep its interest rate at the current level “for as long as possible” to support the economy, even though inflation is set to accelerate due to the Middle East conflict, according to Governor Vitai Ratanakorn, Bloomberg News reported. “Inflation will definitely accelerate with oil price hikes and supply disruptions,” Vitai told reporters in Bangkok Thursday.

Thailand’s central bank surprised markets with a rate cut at its first meeting of the year, delivering a second consecutive round of easing to bolster tentative signs of recovery, the Wall Street Journal reported. The Bank of Thailand’s monetary policy committee voted 4-2 on Wednesday to lower its policy rate to 1.00% from 1.25%. Two members voted to hold.

Creditors of STARK demand repayment of 130 billion Baht from Vonnarat Tangkaravakoon, as bankruptcy proceedings continue. The Thai Investors Association updates affected shareholders on the ongoing case, The Nation reported. Mr. Vonnarat Tangkaravakoon ("Mr. Vonnarat") is one of the defendants in the case filed in the South Bangkok Civil Court under case number P.1061/2567. The Central Bankruptcy Court issued an order for the absolute preservation of his assets in the bankruptcy case under case number L.9679/2567.

The United States and Thailand on Sunday announced a framework for reciprocal trade that would see the U.S. maintain a 19% tariff on Thai products while identifying products where tariffs could potentially be adjusted or cut to zero, Reuters reported. Thailand would in turn eliminate tariff barriers on approximately 99% of goods, covering a full range of U.S. industrial and food and agricultural products, the two countries said in a joint statement issued by the White House. Thailand is also committed to addressing barriers to U.S. exports, including the acceptance of U.S.

Thailand’s central bank held its policy rate steady on Wednesday, surprising markets that had expected the first decision under the new governor to be a cut to boost the economy, the Wall Street Journal reported. The Bank of Thailand’s monetary policy committee voted five to two to keep the policy rate at 1.50%, hitting the pause button again after delivering three cuts this year. Two members dissented, voting for a 25-basis-point reduction.

Thailand's new central bank chief said on Wednesday that he will maintain the independence of the Bank of Thailand (BoT) while collaborating with the government to address the country's economic challenges, the Bangkok Post reported. The central bank remains firm in its primary mission to ensure macroeconomic stability, Vitai Ratanakorn, 54, told reporters as he took over as governor effective from Oct 1, succeeding Sethaput Suthiwartnarueput.

Crypto users might be tempted to cash in on near-peak prices in the Land of Smiles as early as this month, as regulators plot out a new payments sandbox, DLNews reported. Thailand’s government is reportedly preparing to unveil the TouristDigiPay initiative that would allow foreign visitors to convert digital assets into Thai baht for use at local merchants. Crypto users might be tempted to cash in on near-peak prices in the Land of Smiles as early as this month, as regulators plot out a new payments sandbox.