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.

Published

5 years ago

March 15, 2016

Boris Sullivan

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

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.

Published

2 days ago

October 17, 2020

Headline Editor

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.

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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.

Published

7 days ago

October 12, 2020

Pr News

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.

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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.

Published

2 weeks ago

October 5, 2020

Pr News

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.

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