DLT Provides App for Annual Car Tax Payment BANGKOK (NNT) – The Department of Land Transport (DLT) has urged motorists to pay their yearly vehicle tax via the department’s smartphone app in order to curb the spread of Covid-19. Department deputy director-general Yongyut Nakdaeng said the tax sticker and receipt will be sent by mail within…
Thai consumers are the most focused on financial health in ASEAN BANGKOK (NNT) – More Thai consumers are prioritizing financial health during the COVID-19 pandemic compared with their ASEAN counterparts. According to the UOB ASEAN Consumer Sentiment Study 2020, 3 in 4 Thai consumers (72%) want to manage their financial health, ahead of respondents in Malaysia…
Krungthai Bank sees e-banking growth from gov’t COVID-19 measures BANGKOK (NNT) – Krungthai Bank has reported a jump in e-banking platform users, thanks to the government’s COVID-19 aid measures which familiarized the general public with electronic transactions via a mobile e-wallet application developed by the bank. Krungthai Bank Executive Director Krisada Chinavicharana disclosed today the…
China, UAE join Thailand and HK in central bank digital currency project BANGKOK – China and the United Arab Emirates have joined the cross-border digital transaction scheme named Project Inthanon-LionRock, which is a joint project between the Bank of Thailand (BOT) and the Hong Kong Monetary Authority (HKMA). The central bank digital currency (CBDC) project has…
Thailand Rates Seen on Hold as Fiscal Takes Lead: Decision Guide (Bloomberg) — Thailand’s central bank will likely hold its key interest rate steady at an all-time low and let fiscal policy take the lead in reviving the economy amid a resurgence of Covid-19. Twenty-five of 27 economists surveyed by Bloomberg expect the Bank of…
Thai economy continued to recover in December but remained uneven, says Bot In December 2020, the Thai economy continued to recover but remained uneven. The new wave of COVID-19 outbreak emerged in the end of this month has been starting to affect some economic activities. Although private consumption indicators remained in expansion, the new wave…
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…
Can Fintech drive a strong post-COVID-19 recovery in Asia? The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive. To say 2020 has been a challenging year is a massive…
BoT sees mild impact of new COVID-19 wave on the economy The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended. BANGKOK (NNT) – Despite a new and wider…
Thailand’s Public debt to GDP ratio within framework says Finance Minister Currently, Thailand’s ratio of public debt to gross domestic product (GDP) stands at 49.34 percent, which is below the Fiscal Sustainability Framework set at 60 percent. BANGKOK (NNT) – The Thai economy is gradually recovering, with monthly economic indicators, such as the consumer confidence…