Thailand keen to appease corporate treasurers
May 13, 2015
Thailand’s new regional treasury centre rules explained
Keen to appease treasurers, the Bank of Thailand plans to relax foreign exchange regulations to make the country more attractive for setting up corporate treasury centres.
The Bank of Thailand (BoT) on April 30 announced a proposal to ease rules on corporate treasury centres (TC) to facilitate multinationals and Thai corporates in their foreign exchange (FX) management. Changes apply to foreign currency deposits (FCD), Thai baht borrowings from subsidiaries abroad and requirements on documents, among others.
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