Thai consumers are the most focused on financial health in ASEAN

Thai consumers are the most focused on financial health in ASEAN

Thai consumers are the most focused on financial health in ASEAN BANGKOK (NNT) – More Thai consumers are prioritizing financial health during the COVID-19 pandemic compared with their ASEAN counterparts. According to the UOB ASEAN Consumer Sentiment Study 2020, 3 in 4 Thai consumers (72%) want to manage their financial health, ahead of respondents in Malaysia…

Four Thai banks Probed Over Anti-Money Laundering Investigations

Four Thai banks Probed Over Anti-Money Laundering Investigations Four Thai banks allegedly involved in suspicious financial transactions are under investigation from the Anti-Money Laundering Office (Amlo) The Anti-Money Laundering Office (Amlo) is currently investigating an international report claiming that four major Thai banks were involved in suspicious financial transactions, according to the International Consortium of Investigative…

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…

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…

Moody’s outlook for APAC corporates remains negative in 2020

Moody’s outlook for APAC corporates remains negative in 2020

Moody’s outlook for APAC corporates remains negative in 2020 Moody’s Investors Service says in a new report that overall credit conditions for APAC non-financial companies will weaken in 2020 • While positive, the US-China trade agreement will not resolve core differences, dampening business sentiment globally • Easing fiscal and monetary policies by major central banks…

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.…

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…