Thailand Leads Mobile Banking Penetration That is well ahead of the global rate of 41% and higher than China, at 61% Among Thailand’s internet users, 74% access banking services via mobile devices, according to the annual Global Digital Report 2019 from social media management platform Hootsuite and digital marketing agency We Are Social. That puts…
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…
The Stock Exchange of Thailand on Friday moved in a narrow range, driven by strong continued buying pressure on CPAll and other domestic players led by ICT stocks like Intouch, True and the industrial estates WHA, Amata and CPN. However, global plays stocks continued to sell, led by PTTGC, IVL and TOP. The index closed…
With Global Destination Cities Index: Indulgences, Mastercard takes a deep dive into where visitors spend the most on dining and shopping around the world. The Mastercard Global Destination Cities Index ranks 162 cities in terms of total international overnight visitors and the amount spent by visitors in the destination cities in 2017. With Mastercard Global…
Mr. Veerathai Santiprabhob, Governor of the Bank of Thailand (BOT), and Mr. Sonexay Sitphaxay, Acting Governor of Bank of the Lao PDR (BOL) together with high-level delegations from both sides participated in the Bilateral Meeting between the two institutions on 2 November 2018 in Pakse, Champasak Province, Lao PDR. The biennial bilateral meetings aim at…
The Bank of Thailand Governor Veerathai Santiprabhob attended the IMF-WBG Annual Meetings 2018 in Bali, Indonesia, during the period of 10-14 October 2018. The topics of discussion highlighted the importance of open multilateral trade system, the need to rebuild policy space during the economic upcycle to raise growth potential and resilience, as well as an…
The military has helped in mediating informal debts owed by over half a million people Police had arrested 161 informal creditors on fraud charges and seized about 80 million Baht worth of valuables. The military has helped in mediating informal debts owed by over half a million people and has managed to return to the…
The new mortgage-lending rules are credit positive because they will help to reduce speculative buying says Moody’s Under the new rules, the maximum loan-to-value (LTV) ratio will be restricted at 80% on new mortgages for homes worth more than 10 million baht. On 4 October, the Bank of Thailand (BOT, Baa1) announced measures to tighten…
US dollar appreciation raises credit risk for sovereigns with large external funding needs according to Moody’s report. Countries with large current account deficits, high external debt repayments and substantial foreign-currency government debt are most exposed but Thailand is among the least vulnerable countries to a stronger dollar. The strengthening US dollar since mid-April has prompted…
The President of Bangkok Bank spoke today at the AEC Business Forum 2018, expressing confidence in the ASEAN economy Bangkok Bank President Chartsiri Sophonpanich spoke of the economic potential of ASEAN, despite concerns over the trade dispute between the US and China The President of Bangkok Bank spoke today at the AEC Business Forum 2018,…