Thai central bank seen holding fire after December hike

April economic and monetary reports (BoT)

April economic and monetary reports (BoT) The number of tourists has grown at 3.3% year-on-year with increased visitor numbers from ASEAN, India, Japan, and Europe, while the number of Chinese tourists is still in decline. Despite the effects of the trade war, the Thai domestic consumption figures, government investments, and the tourism sector still all…

Bangkok Bank and Commerzbank run international trade transaction on Marco Polo blockchain network

Bangkok Bank and Commerzbank run international trade transaction on Marco Polo blockchain network

Bangkok Bank and Commerzbank run international trade transaction on Marco Polo blockchain network Two banking members of blockchain trade finance initiative Marco Polo – Bangkok Bank and Commerzbank – have jointly executed an international trade transaction using distributed ledger technology (DLT). Launched in 2017, Marco Polo, which counts over 20 banks from across the globe as its…

Government Housing Bank (GH Bank) extends low-cost housing project

Government Housing Bank (GH Bank) extends low-cost housing project

Government Housing Bank (GH Bank) extends low-cost housing project The Government Housing Bank (GH Bank) has launched the one-million-unit low-cost housing project, which provides an opportunity for the general public to buy houses priced below one million baht. BANGKOK, 24 May 2019 (NNT) – The government has a policy to improve the people’s quality of…

Airbnb and Thailand’s Government Savings Bank partner to support local homestays

Airbnb and Thailand’s Government Savings Bank partner to support local homestays

Airbnb and Thailand’s Government Savings Bank partner to support local homestays GSB will help ensure better funding for hospitality entrepreneurs while Airbnb will help build capacity through training and connecting homestay owners to its worldwide platform. Bangkok, Thailand – Airbnb and Thailand’s Government Savings Bank (GSB) have formed a strategic partnership to help promote and empower Thai hospitality entrepreneurs,…

Thai central bank says it has not manipulated currency

Thai central bank says it has not manipulated currency

Thai central bank says it has not manipulated currency THAILAND’S central bank has not intervened in the trading of the baht to gain a trade advantage with the United States, an assistant governor said on Monday, amid speculation that Washington may soon add the country to a currency watch list. “Thailand has some trade surplus…