BOT relaxes rules to Curb Strong Baht

BOT relaxes rules to Curb Strong Baht

BOT relaxes rules to Curb Strong Baht the Bank of Thailand (BOT) decided to relax regulations to facilitate capital outflows to help promote capital flow balance and lessen pressure on the baht. The Thai baht has been under pressure due to imbalanced capital flows in the current environment of highly uncertain and volatile external conditions,…

Thailand’s loss of trade privileges with US is credit negative

Thailand’s loss of trade privileges with US is credit negative

Thailand’s loss of trade privileges with US is credit negative The development is credit negative because Thailand’s export-oriented economy is in a difficult external environment given that a broad-based export slowdown and strong Thai baht are weakening the competitiveness of goods exporters and the country’s tourism industry. https://youtu.be/GK805y3uOmY Thailand’s loss of trade privileges with US…

Kasikorn Bank predicts 4-6% growth in loans for 2020

Kasikorn Bank predicts 4-6% growth in loans for 2020

Kasikorn Bank predicts 4-6% growth in loans for 2020 Despite the expectation of a sluggish economy in 2020, Kasikorn bank aims to grow its loan volume by 4-6% next year. They it say they will achieve this withs emphasis “on services that meet customers’ business and lifestyle needs, effective cost management and using data in…

Less Than Zero: The New Normal for Interest Rates?

Less Than Zero: The New Normal for Interest Rates?

Less Than Zero: The New Normal for Interest Rates? Huge global capital flows and prolonged ultra-low interest rate policies of advanced nations have made it harder for emerging economies to protect their financial system Back in the 1980s and 1990s, financially sound governments had to pay interest rates of 6-8 percent in order to borrow.…

Innovative Asian Blockchain Companies Who Are Taking Over

Innovative Asian Blockchain Companies Who Are Taking Over

Innovative Asian Blockchain Companies Who Are Taking Over The acceptance and regulation of cryptocurrency in Asia may be polarised depending on location, but one thing is for sure. Companies spanning the whole of Asia value blockchain technology and are putting it to good use Asia has always been at the forefront of technological innovation, and…

Building ASEAN Banking Cybersecurity resilience

Building ASEAN Banking Cybersecurity resilience

Building ASEAN Banking Cybersecurity resilience Technological revolutions come with their own form of risk: cyber risks. The more “digital” banks become, the more channels for potential points of attacks from cyber criminals, who are constantly evolving to exploit new loopholes. Technology and the internet have undeniably become integrated into our daily lives. Customers’ behaviors continue…

Thailand prepares for cryptocurrency challenges

Thailand prepares for cryptocurrency challenges

Thailand prepares for cryptocurrency challenges Thailand is moving toward a cashless society. Bank notes and coins are set to become obsolete while transactions via electronic payments have increased over recent years. The plan to launch a new currency next year is ambitious and controversial, as Libra is scrutinized by central banks around the globe, including…