The National Bank of Cambodia (NBC) and the Bank of Thailand (BOT) signed a Memorandum of Understanding (MoU) on cooperation in QR-code based payment scheme and financial innovation on February 3.
The Thai economy continues to gain further traction from both domestic and external demand, the central bank of Thailand (BOT) said in its press release on economic and monetary conditions in August.
The Thai baht has staged a strong recovery against US dollar after suffering a brief sell-off earlier this year, but the Thai Government is increasingly worried that continual strength in the currency could hit exports.
Thailand’s economy in April-June grew at a slower pace than in the previous quarter, but the National Economic and Social Development Board (NESDB) kept its yearly GDP growth forecast of the country at 4.2-4.7 percent.
Thailand’s economy grew 4.8 percent in the second quarter of this year, higher than that of the first quarter and the highest level in five years, according to a report from the Bank of Thailand (BoT).
Thailand’s central bank plans to keep its interest rate unchanged again on August 8 to aid economic growth as inflation remains benign and policymakers say capital outflows are not currently a concern, according to Reuters.
The Bank of Thailand (BOT) has confirmed that hackers have stolen information of more than 120,000 customers in a massive data breach into two major commercial banks.
Transactions involving cryptocurrencies and digital assets in general are subject to a 15 percent tax under a cryptocurrency law which took effect in Thailand on May 14.
Thailand's economy is expected to grow 4.1 percent this year, up from 3.6 percent predicted last August, as the recovery is broadening, the World Bank said on April 9.
Thailand should adopt an expansionary policy mix based on fiscal stimulus and monetary easing to achieve stronger and more balanced growth, the International Monetary Fund said.
Thailand and Japan have signed a memorandum of understanding on cooperation to promote the use of their local currencies in order to settle bilateral trade and investment.
Thailand will use new banknotes featuring a portrait of newly-succeeding King Maha Vajiralongkorn, also known as Rama X, on the front of the bills from April.
Thailand’s economy saw an increase in external demand but domestic demand was not “sufficiently strong”, according to a minutes of the Bank of Thailand (BoT)’s latest policy meeting.
The Bank of Thailand (BOT) has asked domestic financial institutions to refrain from doing any business involving cryptocurrencies in fear of trading in an unregulated market.
Thai exporters have asked the Government and the Bank of Thailand (BoT) to find ways to curb the baht’s rapid gains to maintain the country’s competitiveness in export.
The Bank of Thailand (BOT) has said that crypto currencies are not legal tender and it will join hands with the Anti-Money Laundering Office to prevent the illicit use of virtual currency bitcoin.
The central banks of Malaysia, Indonesia and Thailand established local currency settlement frameworks on December 11 to promote trade and investment activities.
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