Banking
Rate hike depends on economic factors and inflation, says Bank of Thailand (BoT)
Bank of Thailand (BoT) Governor Tarisa Watanagase on Wednesday announced a central bank decision by the Monetary Policy Committee on April 21 to raise the policy interest rate will be made based mainly on domestic economic factors and the inflation rate.
She said the central bank would not decide to raise the policy interest rate in the same direction with other countries in the region, but the appropriate period and level at which the interest rate should remain depended on the MPC’s discretion.
Foreign capital flowing into Thailand now in greater volume than in the past, as is foreign capital inflow into the region.
Many central banks raised their policy interest rates in March. Malaysia, for instance, opted to increase the rate by 0.25 per cent to 2.25 per cent, India raised the rate by 0.25 per cent to 3.5 per cent and Australia hiked the rate by 0.25 per cent to 4 per cent .
via Rate hike depends on economic factors and inflation, says BoT.
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.
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.
(more…)
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.
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.
(more…)
How the COVID-19 situation may affect Thailand’s export sector
Thailand's export sector could face damage of 200-300 billion baht if the situation cannot be brought under control within six...
Thai baht becoming the region’s worst-hit currency in COVID pandemic
According to data from its tourism ministry as well as the World Bank, Thailand had only a little over 34,000...
Asia’s slow rate of vaccination is a thorn in the region’s economic recovery
Southeast Asia has been hit badly. Daily infections for Indonesia, Thailand, Vietnam are at their worst, on a seven-day moving...
TAT expects 850 billion baht ($25.7 bln) in tourism revenue after successful reopening
The Tourism Authority of Thailand (TAT) has set this year’s revenue target at 850 billion baht, 300 billion of which...
Download 1xBet mobile and play all over the world
Placing profitable bets or playing in a casino is now possible comfortably even without being tied to a computer. It...