Undue politicisation at finance and BoT

Thailand: BoT keeps rates unchanged – UOB

Thailand: BoT keeps rates unchanged – UOB UOB Group’s Economist Barnabas Gan reviews the latest monetary policy meeting by the Bank of Thailand (BoT). Key Quotes “The Bank of Thailand (BOT) kept its one-day repurchase rate unchanged at 0.50% as widely expected for the eighth consecutive meeting on 05 May 2021. The last time it…

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…

Worries over economic recovery put pressure on the baht

Baht weakens just before BOT monetary policy meet

Baht weakens just before BOT monetary policy meet The baht opened at 30.19 to the US dollar on Wednesday, weakening from 30.16 at close on Tuesday. The Thai currency is likely to move between 30.10 and 30.30, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities. On Tuesday night, the US…

Thailand borrows US$ 1.5 billion from ADB to fight Covid-19

Thailand borrows US$ 1.5 billion from ADB to fight Covid-19

Thailand borrows US$ 1.5 billion from ADB to fight Covid-19 The ADB’s program supports the government’s efforts to counter the impacts of the coronavirus disease (COVID-19). The borrowing is a part of an executive emergency decree empowering the Thailand’s Finance Ministry to seek loans up to one trillion baht ($32 Bln) to combat economic and…

Bank of Thailand Launches First Government Savings Bond based on Blockchain Technology

Bank of Thailand Launches First Government Savings Bond based on Blockchain Technology In the past, the sale of government savings bonds was a complex, multiparty, time-consuming process that relied on a non-real-time system, with duplicated validation steps and manual reconciliation prone to data errors. BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ –SIBOS — IBM today announced that Bank of Thailand(BOT),…

UK, Bank of Thailand sign MoU on financial services

UK, Bank of Thailand sign MoU on financial services The UK and the Bank of Thailand signed MoU to support Thailand’s inclusive economic recovery and green growth in line with the Sustainable Development Goals The UK Government and the Bank of Thailand (BoT) signed a Memorandum of Understanding (MoU) on 7 August 2020, forming a…