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Malaysias SPPOMA palm oil production forecast for October 1-5 will be announced in ten minutes.According to the Mexican National Earthquake Monitoring Bureau, a 4.2-magnitude earthquake occurred in Chiapas, southwestern Mexico, at 4:39 a.m. local time on October 6, with a focal depth of 66.8 kilometers. No casualties or property losses have been reported so far.On October 6, according to a report released by Tokyo KANTEI, a Japanese real estate research company (price trends per 70 square meters for family-type housing), in August, the price of second-hand apartments in the Tokyo metropolitan area rose again after three months, up 1.6% from the previous month to 47.05 million yen (about 31,700 yuan/square meter in RMB, the same below). Among them, driven by the 23 wards of Tokyo, the price of Tokyo has achieved four consecutive months of increase, with a month-on-month increase of 2.4% in August to 67.29 million yen (about 45,200 yuan/square meter), and the year-on-year increase has also expanded to more than 5%. Specifically, the average price in the 23 wards of Tokyo rose 2.6% from the previous month to 77.5 million yen (about 52,300 yuan/square meter), a year-on-year increase of more than 10%. The price of Tokyos core 6 districts has risen for 19 consecutive months, up 3.9% from the previous month in August to 127.56 million yen (about 86,000 yuan/square meter), a year-on-year increase of 20%.On October 6, Hongmeng Intelligent Driving announced today that the cumulative orders for all its models from October 1 to 6 exceeded 22,600 units (i.e. 22,600 units), among which the orders for Zhijie R7 exceeded 7,600 units, the orders for Wenjie M9 exceeded 6,200 units, and the orders for Wenjie M7 exceeded 7,000 units.On October 6, the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, published a blog on the 6th saying that next month, the Special Administrative Region Governments Office for the Introduction of Key Enterprises will announce a new list of key enterprises, involving more than a dozen companies, more than half of which are from the fields of artificial intelligence and big data, from the Mainland, the United States, Europe and other places, some of which are leading companies in their fields.

Thai Energy Firm Gulf Concludes Investments in Binance.US and BNB

Cameron Murphy

Apr 20, 2022 09:43


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  • In Thailand, Gulf Energy Development and Binance have formed a joint venture.

  • Gulf has invested in Binance's US subsidiary and its flagship cryptocurrency, BNB.

  • In Thailand, the business will seek for a license to operate a digital asset exchange.


Gulf Energy Development PCL, owned by Thai billionaire Sarath Ratanavadi, has completed an investment in Binance's US branch and its hallmark cryptocurrency, BNB.


The move follows the announcement in January of a cooperation between the two companies to develop a digital asset market in Thailand. The partnership, according to Binance, is the "initial step" in investigating potential in Thailand. Despite this, the Thailand regulator has filed a criminal complaint against the exchange for operating without a license.

Investment To Deepen Crypto Market Involvement

Gulf disclosed its investment in Series Seed Preferred Stock issued by BAM Trading Services, which runs Binance, in a regulatory filing with the Thailand Stock Exchange on Monday. US.


"As a result, the Binance investment.


The United States not only allows the Company to participate in one of the world's quickest user scale-up exchanges, but it also offers the possibility of increased investment value after Binance.


IPO in the United States."


According to CEO Brian Shroder, Binance is planning an initial public offering (IPO) in two to three years. The cash will be used by Binance's US subsidiary to increase staff and product range, undertake ROI-based marketing campaigns, and make additional acquisitions ahead of its anticipated IPO, according to the filing.


Gulf also put money into Binance Coin (BNB), the native cryptocurrency that runs the BNB Chain ecosystem, for an unknown amount.


The business also announced a joint venture deal with Binance to establish a crypto exchange in Thailand, according to another regulatory filing.


"Following the formation of the joint venture, it will apply to appropriate authorities for a digital asset exchange license and other licenses."


Last week, Binance announced that it has gained primary permission from Abu Dhabi Global Market for its activities. Binance will be able to operate as a virtual assets broker-dealer as a result of the clearance, marking the company's third aggressive expansion in the Middle East after securing licenses in Bahrain and Dubai.


The joint venture, according to Gulf, would provide it greater opportunity to investigate the digital asset sector and expand the scope of its investments.

Thailand Crypto Tax

Thailand, however, prohibited cryptocurrency payments last month, citing price volatility, a lack of user safety, money laundering, and cyber-theft concerns as major factors in the decision.


Crypto firms would "not be authorized to promote or market crypto payments," according to the banking authority.


Following public criticism, the nation first planned a 15% tax on crypto assets, but eventually abandoned its proposals. However, when contrasted to India's 30% tax rate, this seems to be considerably less.

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