Banks to control asset quality

Banks to control asset quality The Thai banking industry is expected to remain cautious in controlling asset quality amid economic turbulence brought about by the Covid-19 pandemic. Pasakorn Wangvivatcharoen, research manager at Asia Plus Securities, said local banks showed signs of improving fee-based income from securities and asset management business. “Despite setting aside a massive…

Major Thai bank experimenting with decentralized finance

Major Thai bank experimenting with decentralized finance Kasikornbank has identified asset-backed DeFi as having the potential to create economic value for Thailand. Kasikornbank, or KBank, one of Thailand’s largest banks, has begun experimenting with DeFi services as part of its business expansion plan. According to a report by Bangkok Post, the bank’s decentralized finance exploration is being…

VAT: Revenue for Public Care

VAT: Revenue for Public Care

VAT: Revenue for Public Care BANGKOK (NNT) – Adjustment of Value Added Tax (VAT) has recently become an issue used to attack the government, with rumors claiming the administration is looking to raise VAT from 7 percent to 10 due to its poor financial standing, despite this not being the case and the government consistently…

Leader of Thai cryptocurrency exchange warns regulators about tight restrictions

Leader of Thai cryptocurrency exchange warns regulators about tight restrictions

Leader of Thai cryptocurrency exchange warns regulators about tight restrictions The co-founder of Thailand’s largest cryptocurrency exchange has slammed regulators for plans to set requirements that would limit who can trade cryptocurrency. Following a drastic spike in domestic crypto trading, Thailand’s Securities and Exchange Commission, decided to look into tighter restrictions and say traders will…

BoT Will Launch Retail CBDC to Secure Financial Services

BoT Will Launch Retail CBDC to Secure Financial Services

BoT Will Launch Retail CBDC to Secure Financial Services BANGKOK (NNT) – The Bank of Thailand (BoT) will launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year to provide Thais with access to more convenient and secure financial services. BoT assistant governor Vachira Arromdee said the development of a Retail CBDC…