Daily Archives: June 4, 2019

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Thailand launches blockchain letters of guarantee network for 22 banks 22 Thai banks have joined an electronic Letter of Guarantee (e-LG) network on blockchain via BCI (Thailand) Co Ltd with support from the Bank of Thailand (BOT). The e-LG on blockchain is expected to go live in June under the BOT’s regulatory sandbox, before introducing…

April economic and monetary reports (BoT)

BankingBy bkp June 4, 2019

April economic and monetary reports (BoT) The number of tourists has grown at 3.3% year-on-year with increased visitor numbers from ASEAN, India, Japan, and Europe, while the number of Chinese tourists is still in decline. Despite the effects of the trade war, the Thai domestic consumption figures, government investments, and the tourism sector still all…