Showing 1 - 10 of 30
Krungsri anticipates uptick in baht volatility
Business, Somruedi Banchongduang, Published on 07/07/2023
» Bank of Ayudhya, which markets itself as Krungsri, predicts the baht will be more volatile amid several uncertainties both internal and external.
Krungsri upbeat on digital baht
Business, Somruedi Banchongduang, Published on 12/06/2023
» The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs.
Baht surges amid US bank collapse
Business, Somruedi Banchongduang, Published on 14/03/2023
» The baht on Monday surged against a significant fall in the US dollar mainly due to the sudden collapse of Silicon Valley Bank (SVB) and the market's expectation that the US Federal Reserve (Fed) would slow down its policy rate hikes.
SCB X keen on novel banking opportunity
Business, Somruedi Banchongduang, Published on 20/01/2023
» SCB X, the holding company of Siam Commercial Bank, is interested in setting up a virtual bank, aiming to explore new business opportunities.
Banks prepare new Central Fraud Registry
Business, Somruedi Banchongduang, Published on 12/01/2023
» The Thai Bankers' Association (TBA) is working to set up the Central Fraud Registry to probe financial fraud in the banking industry.
Bank of Thailand continues push for digital currency
Business, Somruedi Banchongduang, Published on 29/10/2022
» The Bank of Thailand (BoT) plans to take more time to develop its retail central bank digital currency (CBDC) to ensure it offers additional benefits to the financial system with good risk management.
BoT looks for cash deposit solutions
Business, Somruedi Banchongduang, Published on 28/10/2022
» The Bank of Thailand intends to find solutions to make cash deposit machines (CDMs) more convenient, following new regulations from the Anti-Money Laundering Office (Amlo) on their use.
Analysts sound alarm on baht depreciation
Business, Somruedi Banchongduang, Published on 22/06/2022
» Economists are warning the baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve's hawkish benchmark interest rate hike.
BoT continues to ease forex regulations
Business, Somruedi Banchongduang, Published on 13/05/2022
» The Bank of Thailand (BoT) is persevering in its commitment to relax foreign exchange regulations as part of its development of a new foreign exchange ecosystem to stabilise the exchange rate in the longer term.
BoT eyes higher bank capital reserves
Business, Somruedi Banchongduang, Published on 25/03/2022
» The business groups of commercial banks planning to invest in digital asset businesses will have to keep sufficient capital reserves to handle possible risk, according to the central bank.