In the latest report from the Ministry of Commerce in Thailand, compared to the same period in July last year, 2021, was raised by 7.66% in 2022. The report has shown unexpected forecasts from many economic analysts which are only 7.50%. Now, The Thai baht is depreciated to 35.97 per USD (05/07/2022) which has reached the new high Thai baht depreciation record in 16 years, since 2006.           The CPI (The Consumer Price Index in Thailand) is the key way to measure the changes in purchasing trends and inflation. The spike increased in the CPI in the group of Electricity, fuel, and water supply increased by 33.03%, and the group of Energy increased by 39.97% compared to last year. The overall commodities increased by 7.66%.           Moreover, the Russian invasion of Ukraine and the pandemic-related shutdowns in China are the causes of the worldwide energy crisis that led to disruptions in the global supply chain and also leading to all commodities prices.          

          The Minister of Commerce, Pan Sorasak, participated in the discussion on the topic of trade in digital service and stated that the Royal Government sees the digital economy as a new source of growth. Minister Sorasak made the remark at the 2022 Annual Meeting of the World Economic Forum in Davos-Klosters, Switzerland.           The Minister of Commerce, Pan Sorasak, stated that the digital economy will be a new source of Cambodia’s economic growth. Meanwhile, he also committed that there are challenges including the legal framework, not only mechanisms for implementing and coordinating fintech which is computer programs and other technology used to support or enable banking and financial services but also the development of a roadmap for fintech policies.           Minister Sorasak added that for the purpose of promoting innovation and open trade in services in the digital sector, the Royal Government of Cambodia will take the actions by the following; established the Digital Economy and Business Committee of Cambodia implemented the Digital Government Policy of Cambodia

          Laos has been facing inflation imminently for a year, within a month of the rate of 9.86% in April, which has been the 6th ranked among the world’s countries with the highest inflation rate. In the meantime, it has been continuing to be even more severely increased to the rate of 12.81% in May, which can be considered as a percentage of the one-month sharply raised inflation rate of 76.97% in April.           Laos has been forced to contend with not only the inflation rate but also other economic difficulties, particularly those relating to fuel shortages as a result of the rapidly increased demand for the already existing energy supply, accumulating together with mounting debt burdens and fluctuating currency exchange rates, the depreciation of the Kip currency (LAK).           Rising oil prices across the world are one of the major contributing factors to the depreciation of the Kip as well as the driven up the rate of inflation. Furthermore, the cost-of-living index (CPI) has been immoderately experienced

          The Thai decree published the Royal Government Gazette text of a report about the code of revenue, which is the regulation of discharged VAT on transferring cryptocurrency or digital tokens by those taking any actions within the trading of digital assets exchange market. The decree gives an argument in order to not only encourage the cryptocurrency or digital token exchange market but also to encourage its trading in Thailand. According to the Thai Government Gazette, the purpose of this revenue code is to state that the regulation allows for the proper regulation of digital asset transactions.           Beforehand, on March 8th, there was a proposal from the ministry convention for a composed decree in this regulation about the discharging of VAT on cryptocurrency or digital assets between April 1st, 2022 and December 31st, 2023. In addition, this requested proposal was approved by the Securities and Exchange Commission of Thailand, which is reputable and reliable. From the convention, there was a resolution that the majority consented to this decree onward. This proposal