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Major agency not to raise Thailand’s credit rating

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Moody’s, a major credit rating agency, proclaims not to raise Thailand’s credit rating due to domestic political turmoil. The issue was rased, at a bilateral discussion between the agency with the Public Debt Management Office of Thailand (PDMO) at the 43rd Annual Meeting of the Board of Governors, Asian Development Bank.

The 43rd Annual Meeting of the Board of Governors was held in Tashkent, Uzbekistan on 1 May 2010. The PDMO Director Chakkrit Parapantakul held a bilateral meeting with the Moody’s Senior Vice President Tom Byrne. The PDMO Director had clarified Thailand’s economic situation, pointing out that the figure at present was favorable with positive trend of exports. The figure of public debt to GDP is lower than expectation, while the foreign exchange reserve remains at a high level.

via Moody´s not to raise Thailand´s credit level : National News Bureau of Thailand.

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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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.

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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.

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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.

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