Thai central bank lowers economic outlook World

Thai central bank lowers economic outlook

The Bank of Thailand (BOT) has reduced its economic outlook to a contraction of 8.1 percent this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.5 percent, according to local media.
Prime Minister receives Thai central bank governor Politics

Prime Minister receives Thai central bank governor

Prime Minister Nguyen Xuan Phuc expressed his hope for stronger ties between the Vietnamese and Thai banking systems while receiving Governor of the Bank of Thailand (BoT) Veerathai Santiprabhob in Hanoi on August 5.
ASEAN finance ministers, central bank governors meet in Thailand World

ASEAN finance ministers, central bank governors meet in Thailand

The 23rd ASEAN Finance Ministers’ Meeting (AFMM) and the fifth ASEAN Finance Ministers' and Central Bank Governors' Meeting (AFMGM) took place in Chiang Rai, Thailand, on April 5 under the chair of Thai Finance Minister Apisak Tantivorawong and Governor of Thai Central Bank Veerathai Santiprabhob.
Thai banks to apply facial recognition technology World

Thai banks to apply facial recognition technology

The Bank of Thailand (BoT) is finishing the testing of facial recognition software for the electronic Know Your Customer (e-KYC) technology in the regulatory sandbox, paving the way for banks to offer passbook account opening through mobile banking apps in the second quarter of 2019.
Household debts exert pressure on Thai economy World

Household debts exert pressure on Thai economy

With a debt mountain of 12.17 trillion THB (372 billion USD), or 77.6 percent of the national GDP at the end of March, Thai households are among the biggest borrowers in Asia, and they find it difficult to keep up with payments.
World

Bank of Thailand keeps interest rate unchanged at 2.5 pct

The Monetary Policy Committee (MPC) of the Thai central bank has decided to maintain the policy interest rate at 2.5 percent for the rest of this year in order to give support to economic expansion, local media reported on August 22.
World

BoT helps develop Central Bank of Myanmar

The Bank of Thailand (BoT) and the Central Bank of Myanmar (CBM) have signed an MoU on the BoT’s technical assistance for the CBM with hopes to benefit Myanmar ’s banking sector and the ASEAN Economic Community.