Bangkok (VNA) - Thailand is set to implement a new law this month, aimed at curbing online fraud by holding telecom firms and financial institutions more accountable for victims' losses.
The 2023 Emergency Decree on Cybercrime Prevention and Suppression seeks to ensure these entities play a larger role in protecting consumers. It requires banks, telecom providers, social platforms, and websites to take proactive measures against cyber fraud.
According to Deputy Prime Minister and Minister of Digital Economy and Society Prasert Jantararuangtong, the decree will hold financial institutions and mobile operators responsible for losses incurred by victims.
The ministry is planning additional measures, including supervision on selling SIM cards to juristic persons to tackle criminal activities, and will discuss this issue with the National Broadcasting and Telecommunication Commission, Prasert said.
The ministry has also planned to collaborate with the Anti-Money Laundering Office and relevant agencies on disrupting money laundering operations, as well as boosting efficiency in screening mule accounts and transferring cash into cryptocurrencies.
On January 1, the ministry launched a measure which stipulated that messengers who send SMS messages containing URLs must register and collaborate with mobile operators before sending, The Nation cited the Deputy PM as saying.
Prasert added that the ministry is accelerating efforts to deal with cyber crimes as an urgent government policy, especially blocking all illegal social media pages and websites to disrupt criminal activities.
ꦇ From October to December last year, 52,691 illegal social media pages and websites were blocked, higher than 31,154 in the same period from October to December 2023, he said./.
Thailand and Pakistan have agreed to restart discussions under their Joint Trade Committee (JTC) at the ministerial level, ending a decade-long hiatus.
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Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
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The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
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The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
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In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
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The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).