Showing 1 - 10 of 17
Bank of Thailand urged to address strong baht
Business, Somruedi Banchongduang, Published on 22/10/2025
» Business operators have renewed calls for the Bank of Thailand to address the baht's strength, saying an exchange rate of 34-35 baht per US dollar would be more favourable for exports.
The lowdown on net errors and omissions
Business, Somruedi Banchongduang, Published on 27/09/2025
» The baht has continuously appreciated this year, with the Bank of Thailand attributing it primarily to a weaker dollar. Greater clarity in domestic politics lifted investor confidence, and Thailand's gold trade further supported the currency.
Gold and baht causing headaches for central bank
Somruedi Banchongduang, Published on 16/09/2025
» The increase in errors and omissions in Thailand’s balance of payments may be linked to gold trading and the baht’s appreciation against the US dollar, says the head of the Bank of Thailand.
Bid to halt financial fraud intensifies
Business, Somruedi Banchongduang, Published on 15/03/2025
» Regulatory authorities are taking proactive measures to block mule accounts associated with legal entities, with the number of blocked accounts expected to rise by more than 1,000 in the near future.
KBank prepares digital asset exchange
Business, Somruedi Banchongduang, Published on 01/11/2023
» Kasikornbank (KBank) Group plans to launch a digital asset exchange in November after acquiring a 97% share of Satang Pro, a former local cryptocurrency trading board.
Tech investors wary amid volatile market
Business, Somruedi Banchongduang, Published on 25/07/2022
» While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs.
BoT mulls stablecoins to pay for goods, services
Business, Somruedi Banchongduang, Published on 25/01/2022
» The Bank of Thailand (BoT) is considering promoting the use of stablecoins to pay for goods and services, specifically in some use cases, which will be useful for financial innovation.
Higher prices won't affect the macro economy: BoT
Business, Somruedi Banchongduang, Published on 12/01/2022
» The Bank of Thailand is concerned with higher prices for living costs, but not in terms of overall price stability, says the central bank governor.
Krungsri Consumer open to future cryptocurrency use
Business, Somruedi Banchongduang, Published on 13/11/2021
» Krungsri Consumer, the unsecured loan unit of Bank of Ayudhya (BAY), under the marketing brand of Krungsri, is open to the future use of cryptocurrencies and other forms of digital currencies via credit card spending, in line with the digital age.
BoT more amenable but still leery of Libra landing
Business, Somruedi Banchongduang, Published on 19/07/2019
» Bank of Thailand governor Veerathai Santiprabhob has toned down his hostility towards Facebook's digital currency plan, but he said prudent study of both the benefits and risks of the virtual coin is still needed.