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Bank of Thailand to adjust rates amid changes: deputy chief
Reuters, Published on 23/04/2024
» WASHINGTON/BANGKOK: The Bank of Thailand (BoT), under pressure from the government to cut interest rates, could adjust monetary policy if the outlook for the economy changes and structural challenges clearly reduce its long-term potential growth, BoT deputy governor Alisara Mahasandana said.
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Thailand gains access to XTransfer platform
Business, Suchit Leesa-nguansuk, Published on 28/03/2024
» XTransfer, a Chinese fintech unicorn, has expanded its business-to-business (B2B) cross-border trade payment platform to Thailand to capitalise on global trade conducted by small and medium-sized enterprises (SMEs).
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Thailand pushes yuan, ringgit use to curb baht volatility
Bloomberg News, Published on 08/08/2023
» Thailand plans to promote the use of yuan and other Asian currencies in trade and investments to curb wild swings in the baht against the United States dollar, according to a central bank official.
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Trojan attacks zero in on Thailand
Business, Suchit Leesa-nguansuk, Published on 28/02/2024
» Thailand has become a target for Trojan malware stealing facial recognition biometric data, while a survey found the country faced a higher rate of cyber-attacks than the global average during the last six months of 2023, according to leading cybersecurity firms.
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Thailand opens applications for virtual banks
Reuters, Published on 05/03/2024
» Thailand will accept applications for virtual banks within the next six months with the aim of supporting people with no or limited access to financial services, the Finance Ministry said on Tuesday, issuing guidelines for licenses.
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Tech partnership to promote 5G adoption in Thailand
Business, Komsan Tortermvasana, Published on 21/02/2024
» Thailand Science Research and Innovation (TSRI) is forming a collaboration with the National Broadcasting and Telecommunications Commission (NTBC) to promote optimal use of 5G wireless broadband technology.
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K-Research expects central bank to stay the course on rates
Business, Nareerat Wiriyapong, Published on 04/04/2024
» Despite growing market anticipation of monetary policy easing, Kasikorn Research Center (K-Research) is ruling out the possibility of a Bank of Thailand (BoT) policy rate cut at its April 10 meeting amid growing concerns about a weakening baht.
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Smartphone market to see 3% uptick
Business, Suchit Leesa-nguansuk, Published on 14/03/2024
» Thailand's smartphone market is projected to grow 3% in 2024, driven by replacement purchases and advanced technology features, according to a global research firm.
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Data centres tipped for growth
Business, Suchit Leesa-nguansuk, Published on 05/03/2024
» Thailand's data centre market has been ranked the third largest in Asean and continues to post significant growth, thanks to the investment requirements among global and local providers operating in the industry during 2024-2027.
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Thailand's unicorn factory
Business, Komsan Tortermvasana, Published on 26/02/2024
» The National Innovation Agency (NIA) has designed a new strategy to support local startups, facilitating their development and enabling them to keep pace with innovation demand in global markets.
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