Thai central bank ready to provide more support measures as coronavirus escalates BANGKOK, May 13 (Reuters) – Thailand’s central bank said it will announce new measures on Friday to help households and small businesses during the pandemic and could provide further monetary and credit support if needed as the country deals with a third wave…
Bank of Thailand warns against illegal baht-backed stablecoin Thailand’s central bank is warning the public against using a stablecoin that purports to be backed by the country’s sovereign currency. The regulator claims that the stablecoin exposes the users to such risks as money laundering and cybercrimes. The Bank of Thailand (BoT) issued the warning against…
Bank of Thailand says being on US currency “watchlist” won’t have a “material impact” Thailand being added to the United States Treasury’s “watchlist” for suspected currency manipulation won’t impact foreign trade and investment too much, the Bank of Thailand says. Now that Thailand is on the “monitoring list,” US government says it will keep “close attention” on…
Bank of Thailand steps in to curb recent baht strength Bank of Thailand accelerates measures to advance the development of the new Thai FX Ecosystem and to limit excessive currency volatilities In a press release published on the 20th of November, the central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation…
Thai banks remain resilient in Q3 2020 but profits declined Ms. Suwannee Jatsadasak, Senior Director, Bank of Thailand, reported on the Thai banking system’s performance in the third quarter of 2020 that the Thai banking system remained resilient with high levels of capital fund, loan loss provision and liquidity to support economic recovery from the COVID-19…
Debt clinics will not clear your debts, only make payments easy: ministry The Digital Economy and Society Ministry has warned people not to believe or spread rumours that the Bank of Thailand’s “Debt Clinic by SAM” will help pay off debts below Bt2 million. The debt clinics have been organised in cooperation with Sukhumvit Asset…
Bank of Thailand extends debt repayment and interest reduction measures As of September this year, the Debt Clinic project has helped some 8,300 card debtors. On average, each debtor has three cards, carrying a debt of about 240,000 baht each. BANGKOK (NNT) – The Bank of Thailand has extended its debt repayment and interest reduction…
Bank of Thailand Launches First Government Savings Bond based on Blockchain Technology In the past, the sale of government savings bonds was a complex, multiparty, time-consuming process that relied on a non-real-time system, with duplicated validation steps and manual reconciliation prone to data errors. BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ –SIBOS — IBM today announced that Bank of Thailand(BOT),…
Thai central bank studies option of virtual banking licenses BANGKOK — Bank of Thailand’s deputy governor Ronadol Numnonda said the central bank is studying the pros and cons of virtual banking now that central banks in other countries have granted licenses for digital banking. Banks in Europe, Singapore and Malaysia already offer customer services via…
Thai economy continued to improve in July, says Bank of Thailand In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation of lockdown measures both in Thailand and abroad, said Bank of Thailand. In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation…