APAC corporates likely to improve in 2021 Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies. Ongoing fiscal and monetary support in both advanced and emerging markets will…
Thailand raises threshold to 1 million US dollars for repatriation In a bid to lessen pressure on the Thai baht, the Bank of Thailand has increased to $1M the limit for foreign funds that do not need to be repatriated The Bank of Thailand has relaxed foreign exchange regulations by increasing the threshold for proceeds…
BOT relaxes rules to Curb Strong Baht the Bank of Thailand (BOT) decided to relax regulations to facilitate capital outflows to help promote capital flow balance and lessen pressure on the baht. The Thai baht has been under pressure due to imbalanced capital flows in the current environment of highly uncertain and volatile external conditions,…