Banking
Thailand’s banking industry may shrink to five
Thailand’s banking industry may shrink to as few as five lenders from 14 as competition and cost-cutting fuels consolidation, said Boontuck Wungcharoen, chief executive officer of TMB Bank Pcl
Thailand’s banking industry may shrink to as few as five lenders from 14 as competition and cost-cutting fuels consolidation, said Boontuck Wungcharoen, chief executive officer of TMB Bank Pcl. (TMB) “Thailand has too many banks for the size of the market,” Boontuck, 55, said in a June 22 interview in his office in Bangkok.
“The country should probably have five or six strong banks, so I think you will see consolidation over the next five years.” TMB is 26 percent owned by the Ministry of Finance. Read More
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.
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.
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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Exclusive interview with Richi Kukreja, HR Lead Director for Zoetis South East Asia
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World Bank lowers Thai GDP growth outlook to 2.2%
In the Thailand Economic Monitor released today, the World Bank adjusted its outlook on Thailand’s economic growth this year to...
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...