Connect with us
Thailand Business Directory

Banking

Bank of Thailand signs agreements with Malaysia and Philippines central banks

Bank Negara Malaysia (the Bank) has today signed two Heads of Agreement with Bank of Thailand and with Bangko Sentral ng Pilipinas under the ASEAN Banking Integration Framework.

Boris Sullivan

Published

on

Bank Negara Malaysia (the Bank) has today signed two Heads of Agreement with Bank of Thailand and with Bangko Sentral ng Pilipinas under the ASEAN Banking Integration Framework.

This signifies a major step forward in the advancement of an integrated banking market within ASEAN and towards strengthening intra-regional trade and investment.

The Heads of Agreement with Thailand and the Philippines outline areas on market access and operational flexibilities that may be accorded to Qualified ASEAN Banks in the respective jurisdictions.

Both agreements were signed by Governor Dr. Zeti Akhtar Aziz, Bank Negara Malaysia, with Governor Veerathai Santiprabhob, Bank of Thailand for the Heads of Agreement with Bank of Thailand, and with Governor Amando M. Tetangco, Jr., Bangko Sentral ng Pilipinas for the Heads of Agreement with Bangko Sentral ng Pilipinas. Bank Negara Malaysia14 March 2016

Source: BNM Press Statements

Comments

Banking

Bank of Thailand to end debt moratorium for SMEs

According to a press release from the Bank of Thailand, the concern is that while most businesses can now continue payments, an extension of the assistance measure could impact the long-term stability of financial institutions.

Avatar

Published

on

BANGKOK (NNT) – The Bank of Thailand (BoT) has decided not to extend a general order to suspend debt repayment by SMEs to commercial banks set to end this October 22, instructing the institutions to consider such aid on a case by case basis instead, to protect the sector from long term impact.

(more…)
Continue Reading

Banking

Covid-19 will cause long-lasting revenue losses for emerging market sovereigns

Almost all EMs will record budget deficits this year and face constraints in cutting spending amid the pandemic, amplifying the importance of revenue generation.

Pr News

Published

on

By

Coronavirus Asia

Emerging market (EM) sovereigns will suffer long-lasting revenue losses due to the coronavirus crisis, with governments’ ability to implement and enforce effective revenue-raising measures set to be a key credit driver over the coming years, Moody’s Investors Service said in a report today.

(more…)
Continue Reading

Banking

Bank of Thailand Launches First Government Savings Bond based on Blockchain Technology

In the past, the sale of government savings bonds was a complex, multiparty, time-consuming process that relied on a non-real-time system, with duplicated validation steps and manual reconciliation prone to data errors.

Pr News

Published

on

By

BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ –SIBOS — IBM today announced that Bank of Thailand(BOT), the central bank, has successfully launched the world’s first blockchain-based platform for government savings bonds issuing a total of $1.6B USD within two weeks.

(more…)
Continue Reading

Cart

Most Viewed

Events Calendar

« October 2020 » loading...
M T W T F S S
28
29
30
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
1
Wed 28

Vend ASEAN(Bangkok)Vending Machine & Self-service Facilities Expo 2020

October 28 @ 8:00 am - October 30 @ 5:00 pm BMT
Wed 28

Vend ASEAN 2020

October 28 @ 10:00 am - October 30 @ 6:00 pm BMT

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,037 other subscribers

Latest

Trending