The bank is expecting the economy to slow in the second half of the year as the impact of US tariffs kick in; SMEs and housing loans are of particular concern.
The Bank of Thailand opened its application process to set-up digital only banks in late March, and is expecting licensed parties to commence operation within a year of qualification.
Keenly awaited by corporate treasurers, a central bank digital currency between Hong Kong and Thailand has taken a further step towards becoming a reality.
Given EM’s increased dependency on FX debt, the world is in dire of need of the restructuring tools to deal with the potential fallout from rate tightening, Bank of Thailand chief warns.
As part of an extensive regulatory overhaul, the Bank of Thailand issues a brace of new relaxations to facilitate FX transactions under plans initiated in June.
Thailand’s petroleum giant tells CT how it centralised cash and liquidity management to cut down its minimal working capital requirement and support more investments.