BIZARRE: 7 | Mind Blowing Facts

BoT sets out plan to issue up to 3 virtual banking licences

The Bank of Thailand plans to grant up to three virtual banking licences in the first stage of its digital plans, and will allow both financial institutions and non-financial firms to apply.

Bangkok Post · Jan 12, 2023

Banks prepare new Central Fraud Registry

The Thai Bankers' Association (TBA) is working to set up the Central Fraud Registry to probe financial fraud in the banking industry.

Bangkok Post · Jan 11, 2023

Rise of online payments accelerates march to cashless society

Former magazine editor Kaysinee Sutthavarangkul never used to give much thought to making cashless payments, as it seemed unlikely to her that every transaction could be made online. But she has changed her buying behaviour since the pandemic.

Bangkok Post · Jan 11, 2023

Tiptoeing through the minefield

2023 should be the first time in three years Thailand can fully return to normal practices after Covid-19 was downgraded to endemic in October 2022. Yet busineses still need to stay alert to several obstacles on the horizon.

Bangkok Post · Dec 30, 2022

Household debt ratio eases slightly

The country’s household ratio eased to 86.8% of gross domestic product in the third quarter from 88.1% in the previous quarter, the Bank of Thailand said on Friday, as the economy continued to recover.

Bangkok Post · Dec 30, 2022

Year of tighter regulations

Throughout 2022 digital asset businesses were under scrutiny from the Securities and Exchange Commission (SEC), imposing several new regulations to mirror the international market, with the objective of improving investor protection.

Bangkok Post · Dec 29, 2022

Long arm of the law affects all

With the economy on a recovery path, 2022 offered a roadmap for various industries to grow and cash in on near-term opportunities. For some sectors, a lack of supervision stymied potential development. As new rules are imposed and others expire, businesses and individuals need to adapt because the government is…

Bangkok Post · Dec 29, 2022

Current account deficit of $400m reported in November

The country recorded a current account deficit US$400 million in November after a revised surplus of $600 million the previous month, the Bank of Thailand said on Thursday.

Bangkok Post · Dec 29, 2022

A turbulent economic ride

The spotlight in the business sector this year has been on policy rate hikes, the revival of tourism and the telecom mega-merger.

Bangkok Post · Dec 27, 2022

Central bank upbeat on long-term growth

The Bank of Thailand expects the economy to continue to align with potential growth projections for the next two years, then strengthen in the longer term.

Bangkok Post · Dec 19, 2022