Thai, Myanmar Central Bank Governors Endorse Blockchain Remittance Service The governors of two central banks endorsed the Ethereum (ETH)-based remittance system developed by blockchain company Everex, the firm reported in a press release shared with Cointelegraph today, April 5. The service is set up to send payments between Thailand and Myanmar. The system was reportedly…
MOU SIGNING Thai, Lao central banks enhance cooperation The Bank of Thailand and the Bank of Laos PDR have signed a memorandum of understanding (MOU) on cooperation in the areas of financial innovation and payments systems in Chiang Rai yesterday after the meeting of the 5th Asean Finance Ministers’ and Central Governors’ Meeting and related…
Relentless Rise Of Thai Baht Causes Exporting Concerns Commerce Ministry officials fear that continued currency strength could hinder Thai exports. The Thai baht has been relentless in its pursuit of the dollar, with the baht set to finish the financial year once again as one of Asia’s strongest performing currencies. The Thai baht’s climb against…
Thai central bank seen holding fire after December hike Thailand’s central bank is all but certain to hold its key interest rate steady on Wednesday after December’s tightening, pausing to support a slowing economy in the face of growing external risks. All 20 economists surveyed by Reuters predicted the Bank of Thailand (BOT)’s monetary policy…