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Thailand: BoT directing basic bank account charge

The Bank of Thailand has joined with 16 banks to offer a basic bank account with fee-free deposits and no minimum balance requirement, aimed at widening opportunities for the unbanked to access financial services and digital banking.  In the early stage, the interest-bearing bank accounts will be offered only to those aged 65 and older, as […]

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FDIs into Malaysia down 12.7% to RM41b in 2017

KUALA LUMPUR: Foreign direct investments (FDIs) into Malaysia fell 12.7% in 2017 to RM41bil from the record RM47bil in 2016, according to the Statistics Department. It said on Tuesday the FDI flows in 2017 were mainly channelled into the services sector, particularly in real estate, financial and insurance / takaful; and Information and communication activities.  […]

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