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…
Narrowed focus for bank mergers THE Secondary Mortgage Corporation (SMC) and the Government Housing Bank (GHB) will be merged under a plan to cut costs and boost efficiencies, but it has emerged that no other state-run lenders are in the frame to be combined. While Finance Minister Apisak Tantivorawong said that a draft law would…
Southeast Asia Launches $1 Billion Facility For Green Infrastructure CHIANG RAI, Thailand (Reuters) – The Association of Southeast Asian Nations (ASEAN), the Asian Development Bank (ADB) and major financiers on Thursday launched a facility to spur more than $1 billion in green infrastructure investments across Southeast Asia. The facility offers loans and technical assistance for…
Bank Of Thailand Feels “No Pressure” To Change Policy Rate The governor of the Bank of Thailand downplayed risks to the economy from the country’s disputed recent election FILE PHOTO: Thailand’s Central Bank Governor Veerathai Santiprabhob is seen during an interview with Reuters at the Bank of Thailand headquarters in Bangkok, Thailand March 14, 2018.…
Thailand’s old duty-free monopoly challenged by rivals After a general election, Lotte, Central, The Mall, Siam Piwat go after King Power BANGKOK — After more than three decades, King Power’s duty-free monopoly in Thailand may be coming to an end as the country’s next government is expected to act on calls to break the company’s…
Thailand Holds Key Rate Steady At 1.75% The Committee voted unanimously to maintain the policy rate at 1.75 percent assessing that the Thai economy would expand around its potential despite at a slower pace than previously assessed due to a slowdown in external demand. Nevertheless, domestic demand would continue to gain traction. Headline inflation projection…
Thailand Post branches out into banking Thailand Post has joined hands with 10 banks to provide money deposit services via its 1,200 branches and counter services nationwide. The firm expects 50,000 transactions per month with value of around Bt700 million in the next three months. Thailand Post president Smorn Terdthumpiboon said the firm is partnering…
Krungsri shifts from asset-driven commercial focus to being trusted banking partner for corporate clients Krungsri (Bank of Ayudhya) has unveiled its 2019 commercial-banking business direction to become a trusted banking partner, shifting from an asset-driven strategy to provide advice and total solutions to serve the different needs of corporate customers. With a loan-growth target of…
First Bank In Thailand To Use Facial Recognition To Open Accounts Krungsri Bank has introduced facial recognition for verifying the identities of its customers Krungsri (Bank of Ayudhya) has introduced facial recognition through electronic Know Your Customer (e-KYC) technology for verifying the identities of people as they open a deposit account. Under the Bank of Thailand’s…
Krung Thai Bank Public Company Limited (KTB) Plunges -1.04% on Mar 3 Shares of Krung Thai Bank Public Company Limited (BKK:KTB) last traded at 19.1, representing a move of -1.04%, or -0.2 per share, on volume of 41.92 million shares. After opening the trading day at 19.4, shares of Krung Thai Bank Public Company Limited…