Banking and financial services policy and regulation

Thailand is trying to coax the baht down from six-year high territory as the currency’s strength threatens local manufacturing and tourism.The central bank has cut interest rates and eased capital controls to rein in emerging Asia’s best-performing currency this year.Keep reading ...

Veerathai Santiprabhob, governor of the Bank of Thailand, and his Myanmar counterpart U Kyaw Kyaw Maung, signed two memoranda of understanding (MoU) on October 18 during the IMF-World Bank meeting in the US. The signing was witnessed by Myanmar’s Minister for Planning and Finance U ...

The Bank of Thailand (BoT) has revealed its new policy for loaning in order to control household over-indebtedness, which has been rapidly increasing.The BoT has set out five guidelines for banks to consider as the national overseer aims to ensure banks remain sustainable. Keep reading ...

Governments across Southeast Asia are pushing ahead with efforts to create cashless economies, with less developed countries such as Vietnam and Thailand leapfrogging richer ones like Singapore and Malaysia in electronic payments.Keep reading ...

Thailand is unlikely to tighten monetary policy aggressively as inflation remains low and the economy needs support, the chairman of the nation’s central bank said.At the same time, the current pace of annual economic expansion of about 4 percent is sufficient to begin policy normalization, ...

The e-payment law, a tool for the Revenue Department to tax the income of non-salaried earners, particularly online vendors, will go into force from Jan 1, 2020. It takes time to link systems between the Revenue Department and financial institutions, so the money transfer reporting ...

The government’s tax collection policy is threatening the growth of e-payments and discouraging a cashless society, say e-payment and e-commerce proponents. The Bank of Thailand reported that the value of e-payments in June 2018 was 38.94 trillion baht, up from 33.56 trillion a year earlier. ...

The cabinet yesterday (Oct 10) approved a draft law from the Finance Ministry that governs financial service providers as officials seek to deal with an increasingly diverse landscape for financial services. This is especially so for those services that have yet to be regulated by ...

As we pointed out in our previous article on Sept 5, we are probably at a late stage of the current economic cycle, but nowhere near the end of it. Gross domestic product growth, both global and domestic, has been creeping up at slightly above ...

Everyone is confronted by challenges of various kinds. For businesses, it is about being disrupted by technology. Survival of existing business models is being called into question, including financial businesses that have been disrupted by technology and fast-changing customer behaviour.Keep reading ...