BoT starting digital factoring next year

The Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans.Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a ...

Somruedi Banchongduang

BoT holds key rate steady

The Bank of Thailand kept its policy rate unchanged on Wednesday after last Friday’s unscheduled rate cut of 25 basis points, while trimming its economic growth forecast for 2020 to a 5.3% contraction.The Monetary Policy Committee (MPC) voted 4-2 to hold the policy rate at ...

Somruedi Banchongduang

BoT not reacting to Fed rate cut

The Bank of Thailand (BoT) has no plan to call an emergency meeting following the US Federal Reserve’s weekend decision to cut its policy rate to zero.Other central banks have also cut rates in unscheduled policy announcements in a concerted bid to blunt the impact ...

Somruedi Banchongduang

BOT widens QR code payment services in Asean

The Bank of Thailand (BOT) has said it would expand the QR cross-border payment to three Asean countries — Singapore, Myanmar and Cambodia — and the service was expected to begin in the middle of this year, BOT assistant governor for payment systems policy and ...

The Nation Reporter

BoT cuts key rate to record-low 1%

The Bank of Thailand (BoT) slashed its policy rate by 25 basis points to a fresh record low of 1% at this year’s first meeting in an effort to shore up an economy battered by the coronavirus epidemic and the months-long delay in the fiscal ...

Somruedi Banchongduang

Growth outlook below potential, but no crisis yet: BoT governor

Thailand’s economic growth forecast of 2.8% for this year is below potential, the central bank governor said on Monday, adding the bank was ready to review monetary policy if conditions worsen.While the Bank of Thailand (BoT) downgraded the 2019 growth outlook from the previous 3.3% ...

BoT sets expectations of lenders to keep down household debt

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 ...

The Nation Reporter

BoT governor opens Blockchain the Series

Blockchain Community Initiative Co. issued the world’s first electronic letters of guarantee in the third quarter last year and plans to increase the number of electronic letters of guarantee by 50% in three years. Blockchain Community Initiative Thailand provides electronic letters of guarantee for 22 ...

Economy faces heightened political uncertainties: BoT

Heightened political uncertainties in Thailand after an election meant to herald a return to democracy have clouded the outlook for economic policy, the central bank said in minutes of a meeting earlier this month that left interest rates unchanged.Keep reading ...

BoT: E-payment climb hastening

Thailand’s average digital payment transactions are expected to triple to 150 transactions per person per year sooner than previously forecast, thanks to a series of launched of digital banking services.Keep reading ...

Somruedi Banchongduang

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