Banking
Bank of Thailand (BoT) minimise impact of baht rise on exports
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.
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Banking
Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures
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