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…

Setthaput latest to vie for BoT post

Setthaput latest to vie for BoT post Six candidates in the race for central bank governor as application deadline passes Setthaput Suthiwart-Narueput, a member of the Monetary Policy Committee and the prime minister’s advisory team, has joined the race for the top job at the Bank of Thailand, bringing the number of contenders to six.…

Thailand’s financial system more vulnerable amid COVID-19: BoT

Thailand’s financial system more vulnerable amid COVID-19: BoT Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook due to impacts caused by the COVID-19 pandemic, according to the Bank of Thailand (BoT). Bangkok (VNA) – Thailand’s financial system has become more vulnerable due to the more-than-expected contraction of the country’s economic outlook…