Zipmex Thailand investors plan to rally at SEC office on Monday

13 Sept 12:36 Key points summarised by AI

Thai investors in Zipmex plan to rally at the Securities and Exchange Commission (SEC) office on Monday, demanding answers regarding their frozen digital assets and expressing dissatisfaction with the SEC's handling of the crisis.
The SEC Secretary-General stated the commission was unaware Zipmex used investor funds for its ZipUp+ product until withdrawal suspensions, and has since ordered explanations from Zipmex while coordinating with legal enforcement agencies.
Zipmex's financial troubles stem from its ZipUp+ product's exposure to troubled crypto lenders Babel Finance (1.7 billion baht) and Celsius (183 million baht), leading Zipmex Singapore to file for bankruptcy protection.
Zipmex announced it has signed a memorandum of understanding with interested parties to begin a due diligence process, with its CEO assuring ongoing efforts to rectify the situation.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).