Latest news with #Bitkub
Bangkok Post
06-07-2025
- Business
- Bangkok Post
Defence college seeks interns with new model
The National Defence College of Thailand has launched an internship placement programme aiming to enhance opportunities among Thai youth, particularly in the Deep South. At its launch on July 4, the "Future Ready by Future Leader" project is a pioneering model aimed at promoting equal opportunities for youth nationwide. The initiative enables young people to be paired for internships with Thailand's leading companies, with the goal of developing at least 10% of participants into full-time employees. Chief of Defence Forces Gen Songwit Noonpakdee, said security today isn't just about military readiness but it's also about preparing the new generation to face economic uncertainties, environmental challenges, and regional changes. "We are moving away from the world where force is the answer to problems. Now, our best tool of the future is education," he said during his speech. At the event, leading business executives also joined and shared their visions. Proudputh Liptapanlop, Executive Director of Proud Real Estate PLC, emphasised the goal of creating leaders who can navigate Thailand's complex socio-economic and political environment. She said systemic change is necessary, with a focus on on-the-job training and adaptability to fix the growing divide between graduates' skills and job market demands. Jirayut Srupsrisopa, CEO of Bitkub, a cryptocurrency exchange, said the digital economy is expected to account for 15.5% of global GDP in the next five years. He stressed the need for digital literacy and AI proficiency that most interns and new employees are still lacking in. Bitkub has invested and launched policies that support job placement at the end of the internship by offering job training on day one, said Mr Jirayu. Bitkub accepts interns all year round, he said, and the company is encouraging new graduates to reach out even when their education credentials may not match with the positions for which they are applying. Deputy managing director of sugar producer Thai Rung Ruang Group, Nicha Atsadathorn, offered insights on generation gaps in the workplace. With many staff having been with the firm for over 30 years, her company is working to bridge generational differences as the firm transitions from the focus on agricultural products to modern industries. She said that the skills mismatch isn't just a hiring problem but a human connection problem. "Employers need to see potential, not just resumes. Employees themselves also need to see if a job fits their passion and future," she said. The programme's highlight is its focus on graduates in the Deep South. Through hybrid learning models, field trips, and exposure to opportunities, the programme wishes to serve students who may otherwise be left behind in the highly competitive labour market. There are more than 50 leading Thai companies joining the programme and 150 three-month job training internships available for graduates. They are welcome to apply at until July 31.
Arabian Post
17-06-2025
- Business
- Arabian Post
Thailand Greenlights Five‑Year Tax Break on Crypto Gains
Thailand has authorised a five‑year exemption from capital gains tax for digital asset sales conducted through SEC‑licensed platforms, functioning from 1 January 2025 until 31 December 2029. The legislation aims to sharpen the country's advantage in the regional crypto landscape by lowering investor costs and enticing increased trading activity. Under the measure, individuals realising gains from digital assets via regulated exchanges will face zero capital gains tax throughout the five‑year window. Prior to this, profits were subject to personal income tax rates—reaching up to 35 per cent depending on annual earnings—alongside a 15 per cent withholding tax on gains from non‑licensed platforms. VAT on cryptocurrency trading had already been abolished as of 1 January 2024. Analysts believe the tax holiday is designed to reinforce Thailand's appeal in Southeast Asia's intensely competitive digital asset territory. With exchanges like Bitkub and Binance vying for market share, and tourists soon enabled to use crypto‑linked credit cards for local spending, Thai policymakers are signalling a strong commitment to bolster innovation while preserving investor protections. ADVERTISEMENT Officials from the Thai Securities and Exchange Commission stress that the exemption applies strictly to transactions performed on SEC‑approved exchanges. Revenues from crypto trades outside those platforms will not be covered and remain taxable. Licensed operators must continue observing related regulations: comprehensive transaction reporting, watch‑lists for suspicious activity, custody rules, and coordination with law‑enforcement as stipulated under the Digital Asset Business Law. Investor responses so far have been mixed. Market participants report that some will likely postpone realising gains until the exemption period begins. One Bangkok‑based trader remarked that the tax relief 'reduces effective cost by around 15 to 35 per cent depending on your income bracket,' reinforcing Thailand's status as Asia's most favourable crypto tax jurisdiction for the coming years. Critics caution that the measure may disproportionately benefit higher‑earning investors while diluting future tax revenue. Government officials argue the policy forms part of a larger strategy to boost capital market reform, as evidenced by parallel legislative updates—including measures enabling tourists to spend crypto, supporting retail access to digital government bond tokens, and enhanced SEC authority over foreign exchanges operating domestically. The incoming regulation also supplements Thailand's earlier decisions to exempt crypto trading from VAT from January 2024, amend withholding tax rules for licensed platforms, and permit offsetting of capital losses against gains. Expectations are rising for further alignment of digital asset rules with traditional financial regulations, part of a broader financial modernisation initiative led by the Ministry of Finance and Bank of Thailand. As the deadline for implementation approaches, licensed exchanges are working on upgrading systems to clearly segregate tax‑exempt transactions and produce compliant audit trails. The revenue department has indicated it will deploy random checks and compliance audits, with penalties ready for any lapses in record‑keeping or reporting. With the exemption set to begin next year, attention has swiftly shifted to whether Thailand will extend or widen the tax holiday when 2030 nears, and whether parallel measures such as tax incentives for crypto firms, custody providers, or investment token offerings will be introduced. The current package already ranks among the most incentive‑heavy digital asset tax regimes globally, likely reshaping investor allocations in the short to medium term.
