Connect with us

Banking

Bank of Thailand (BoT) minimise impact of baht rise on exports

Published

on

Bank of Thailand (BoT) Assistant Governor Suchada Kirakul on Tuesday downplayed mounting concerns over the continued strengthening of the baht, saying the situation would not affect the export competitiveness because the currency had appreciated in the same direction with other currencies in the region.

Since early this year, she said, the Malaysian ringgit had strengthened most by 3.3 per cent, followed by the Thai baht by 3.18 per cent, the Indonesian rupiah by 3.17 per cent, and the Korean won by 2.68 per cent.

From early March until now, the baht had risen by 2.23 per cent, the fourth after the ringgit by 2.6 per cent, the rupiah by 2.5 per cent and the Korean won by 2.3 per cent.

Mrs. Suchada said the baht had appreciated because foreign investors had shifted their investment from low-risk assets to high-risk assets, particularly Asian stock markets including Thai bourse, as they believed the global economy had recovered markedly.

via BoT shrugs off impact of baht rise on exports.

Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

Published

on

e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

(more…)
Continue Reading

Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

Published

on

BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

(more…)
Continue Reading
Wise

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 14,163 other subscribers

Recent