Singapore’s UOB completes acquisition of Citigroup’s retail banking in Malaysia and Thailand

Once completed, the acquisition is expected to double UOB’s existing retail customer base in the four markets to 5.3 million customers and add 5,000 people to its team strength.

SCB expects Thai policy rate to continue rising

EIC expects the MPC to raise policy rate 0.25% at the meeting in November 2022, leading policy rate to end the year at 1.25%.

Bank of Thailand raises policy rate by 0.25% from 0.75 to 1 Percent

The depreciation of the baht against the US dollar has been rapid and continuous due to the strengthening of the US dollar but is still in line with regional currencies.

Thailand’s three-year (2022 – 2024) payment systems development strategy

The paper highlights the importance of electronic payment systems as a mechanism to support efficient and sustainable transitions of the Thai financial sector to a digital economy.

Thailand Tightens Rules on Crypto Advertising

Crypto companies in Thailand advertise heavily on digital media and billboards promoting the industry can also be seen throughout Bangkok.

Thai Banking Sector Expected to Postpone Raising Interest Rates

Thai banks may not react immediately to increases in interest rates to support borrowers amid the gradual economic recovery in the second half of 2022, given the policy rate hike trend in the second half of this year.

APAC region records 119% QoQ growth in M&A deal value in Q2 2022

India, Australia and China were the top three countries when measured in terms of M&A deal value in Q2, with India accounting for half of the top 20 deals. South Korea, Indonesia, Malaysia, and Japan were the next top countries that contributed to a surge in M&A deal value.