Bank of Thailand Holds Key Rate as It Warns of Currency's Gains

Exim Thailand Will Offer Special Loans to Promote Future Industries

Exim Thailand Will Offer Special Loans to Promote Future Industries BANGKOK (NNT) – The Export-Import Bank of Thailand (Exim Thailand) aims to offer loans, at special low interest rates and with longer grace periods, to promote Thailand’s future industries. Exim Thailand president Rak Vorrakitpokatorn said the bank is offering a longer grace period to allow…

Singapore’s PayNow and Thailand’s PromptPay Launch Cross-border Payment System

Singapore’s PayNow and Thailand’s PromptPay Launch Cross-border Payment System In a global first, Singapore and Thailand have linked their real-time payment systems, PayNow and PromptPay allowing international fund transfers between the two countries within minutes. The Bank of Thailand (BOT) and the Monetary Authority of Singapore (MAS) have launched on Thursday a linkage of Thailand’s…

Major Thai bank experimenting with decentralized finance

Major Thai bank experimenting with decentralized finance Kasikornbank has identified asset-backed DeFi as having the potential to create economic value for Thailand. Kasikornbank, or KBank, one of Thailand’s largest banks, has begun experimenting with DeFi services as part of its business expansion plan. According to a report by Bangkok Post, the bank’s decentralized finance exploration is being…

VAT: Revenue for Public Care

VAT: Revenue for Public Care

VAT: Revenue for Public Care BANGKOK (NNT) – Adjustment of Value Added Tax (VAT) has recently become an issue used to attack the government, with rumors claiming the administration is looking to raise VAT from 7 percent to 10 due to its poor financial standing, despite this not being the case and the government consistently…

Leader of Thai cryptocurrency exchange warns regulators about tight restrictions

Leader of Thai cryptocurrency exchange warns regulators about tight restrictions

Leader of Thai cryptocurrency exchange warns regulators about tight restrictions The co-founder of Thailand’s largest cryptocurrency exchange has slammed regulators for plans to set requirements that would limit who can trade cryptocurrency. Following a drastic spike in domestic crypto trading, Thailand’s Securities and Exchange Commission, decided to look into tighter restrictions and say traders will…

World Bank supports continued government economic stimulus

World Bank supports continued government economic stimulus BANGKOK (NNT) – The World Bank has encouraged the Thai government to continue its economic stimulus measures with a focus on businesses directly impacted by the COVID-19 pandemic such as those in the tourism sector. Senior country economist of the World Bank for Thailand Kiatipong Ariyapruchya has noted…

Undue politicisation at finance and BoT

Bank of Thailand says being on US currency “watchlist” won’t have a “material impact”

Bank of Thailand says being on US currency “watchlist” won’t have a “material impact” Thailand being added to the United States Treasury’s “watchlist” for suspected currency manipulation won’t impact foreign trade and investment too much, the Bank of Thailand says. Now that Thailand is on the “monitoring list,” US government says it will keep “close attention” on…