Thai Banks to tax savings interest above 20,000 baht BANGKOK, 23 April 2019 (NNT) – The Thai Bankers Association has held a meeting to find a solution to the savings interest tax and to provide maximum convenience to bank customers who might be obliged to divulge their savings account activity to the Revenue Department so…
US dollar appreciation raises credit risk for sovereigns with large external funding needs according to Moody’s report. Countries with large current account deficits, high external debt repayments and substantial foreign-currency government debt are most exposed but Thailand is among the least vulnerable countries to a stronger dollar. The strengthening US dollar since mid-April has prompted…
Over 4,000 bank accounts in Thailand are suspected to be opened by individuals hired by criminals 36 commercial banks and financial institutes have agreed to tighten up the screening of new applicants Over 4,000 bank accounts are suspected to be opened by individuals hired by tricksters, drug traffickers, call centre scammers or other criminal elements…