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Bank of Thailand to extend the Renminbi – Thai Baht Bilateral Swap Agreement

Under this BSA, as in the previous agreement, the amount of RMB 70 billion or THB 370 billion shall be made available for a period of 3 years.

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The People’s Bank of China (PBC) and the Bank of Thailand (BOT) signed the Extension and Amendment Agreement to extend the Renminbi – Thai Baht Bilateral Swap Agreement (BSA).

Under this BSA, as in the previous agreement, the amount of RMB 70 billion or THB 370 billion shall be made available for a period of 3 years.

The swap transactions between the BOT and the PBC will provide an access for both
central banks to the local currency of the other party. This would bolster confidence of the private sectors as well as financial institutions on the availability of local currency for cross-border trade and investment settlement.

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Banking

First-home stimulus measure may have limited impact on Thailand’s housing market

The first-home buyers who make less than 25,000 baht per month however will not benefit from this scheme.

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The Thai government has released a housing stimulus measure which grants personal income tax allowance for buyers of first homes worth up to 5 million baht during April 30-December 31, 2019.

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Banking

Real-time payments : An opportunity for the entire Asian financial ecosystem ?

Real-time payments (RTPs) are critical for bringing millions of people into the digital financial ecosystem, enabling the rise in the region’s digital commerce

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Real-time payments (RTPs) enable money transfer between two different financial institutions with a guarantee of immediate funds availability to the end recipient on a 24-hour-365-day-a-year basis.

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Banking

Financial Institutions’ Holidays for 2019 (B.E. 2562)​​ ​

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The Thai government declared earlier this week Thai Queen Suthida’s birthday a new national holiday.

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