Thai Baht currency control mulled by central bank The Industry Minister proposed measures to help business owners, such as the promotion of Thai Baht as a currency for international trade to reduce the risks from US Dollar currency fluctuation BANGKOK, 15th August 2019 (NNT) – The Minister of Industry has held talks with the Bank…
Thailand’s dangerous debt addiction Thailand is now a top-ten highest household debt country among 89 countries worldwide and third highest among 29 Asian countries. Thailand’s household debt has steadily increased to 78.6% of the country’s gross domestic products (GDP), or Bt12.8 trillion in the fourth quarter of last year, according to figures from the National…
Thailand’s four challenges : Debt, inequality, plastics and climate change Thais tended to get into debt faster, for longer and for higher amounts. Indebtedness starts as soon as they begin to work at age 25 and can increase until 56 years old. Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the…
BOT cuts key rate from 1.75 to 1.50 percent The Thai economy was expected to expand at a lower rate than previously assessed and below potential due to the slowdown of trading partner economies and global trade For the first time since 2015, the Bank of Thailand cut its benchmark interest rate on Wednesday, by…
Aspire Set to Become First SME Neobank in Southeast Asia with US$32.5 Million Raise The recent financing has been led by Mass-Mutual Ventures Southeast Asia with participation from Silicon Valley’s Arc Labs and existing investors Y Combinator, Hummingbird and Picus Capital. SINGAPORE, August 1st 2019. Y Combinator backed Aspire, who is on a mission to…