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Kasikornbank offers one-day fund transfers to China

Kasikornbank becomes the first Thai bank to provide the US dollar-denominated fund transfer services to China.

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Kasikorn report

Kasikornbank becomes the first Thai bank to provide the US dollar-denominated fund transfer services to China.

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KBank offers one-day fund transfers to China

Infrastructure services, if quickly improved, could promote a better investment climate in Thailand

Regulations and bureaucratic procedures that firms have reported as severely affecting their businesses and investment decisions were mainly on delays in tax refunds, uncertainties around the time taken to clear customs or obtain permits and certifications, and uncertainties around regulatory policies. The delays in tax refunds referred to both value-added tax refunds and import tax refunds for exporters. The Revenue Department and Customs Department have been introducing programs and employed internet-based services to reduce the time taken to do so. However, few firms have participated in these programs or have benefited from the services. On the other hand, the average number of days needed to clear import customs or obtain permits is not exceptionally high in Thailand compared to other countries.

KBank offers one-day fund transfers to China

A clear policy framework is needed, and the development direction set forth by the policy makers should be based on reliable information on the current status of infrastructure development. Systematic, periodic, and internationally-standard information collection within the infrastructure sector will provide Thai policy makers with good background with which to assess the current situation, identify bottlenecks, set clear policy direction, and prioritize projects more effectively .

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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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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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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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