Thailand’s payment systems and businesses resume normal operations following the earthquake

The Thai central bank has confirmed that Thailand’s financial payments infrastructure and services are functioning normally following the severe earthquake in Myanmar on Friday, which also caused damage in Bangkok.

• Thailand’s financial payments infrastructure and services are operating normally despite the recent earthquake in Myanmar, which also caused damage in Bangkok.
• The Federation of Thai Industries reported that manufacturing and exports were not impacted by the quake, and Thai-Myanmar border trade remains normal.
• The Stock Exchange of Thailand resumed trading on Monday after a suspension on Friday due to the quake, with the Securities and Exchange Commission ensuring the continuous normal operation of trading systems and confirming the Thai capital market’s resilience.

According to deputy governor Roong Mallikamas, financial institutions are providing uninterrupted services to both retail and corporate clients, and the impact is expected to be short-term. The Federation of Thai Industries reported that manufacturing and exports have not been affected by the quake, and Thai-Myanmar border trade remains normal. FTI chairman Kriengkrai Thiennukul stated that industrial manufacturing operations across all sectors were largely unaffected. The Stock Exchange of Thailand resumed trading on Monday after being suspended on Friday afternoon due to the quake.

Asadej Kongsiri, the president of the Stock Exchange of Thailand, assured that the fundamentals of listed companies remain strong, and the business sector can handle the situation efficiently. The Securities and Exchange Commission confirmed the continuous normal operation of trading systems and the resilience of the Thai capital market. The Office of Insurance Commission stated that the financial status of insurance companies is strong and can withstand the financial impact of collapsed buildings and earthquakes