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GDP growth just 2% in 2014 says Kasikorn Research Center

The Kasikorn Research Center says the Thai economy may grow only 2% if political conflict in the country drags on over six months of this year.

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The Kasikorn Research Center says the Thai economy may grow only 2% if political conflict in the country drags on over six months of this year.

Meanwhile the Commerce Ministry also forecast higher inflation for the seventh consecutive month in February.Kasikorn Research Center deputy managing director Pimonwan Mahujchariyawong said the country’s economy  is still risking political uncertainty that could see consumption and investment slowing down.In the first half of this year, economic growth is expected to rise 0.3-1.2%, but depending on major events in March and April. For the export sector, she said it could grow 5% due to global economic recovery.

via Kbank says economic growth just 2% this year | Thai PBS English News.

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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