LAOS has taken a step towards the development of electric vehicle (EV) systems with the launch of a pilot project for vehicle battery charging stations. The Ministry of Energy and Mines is set to work with the private sector on the project as part of efforts to promote the use of EVs in Laos and […]
Read MoreThe Finance Ministry is set to issue legislation to facilitate mergers and acquisitions (M&A) of specialised financial institutions (SFIs) in a bid to enhance risk management and prevent competition with the private sector. The ministry’s Fiscal Policy Office (FPO) is drafting a law for M&A of SFIs under a hearing process with four relevant agencies, including […]
Read MoreLocal consumers largely believe that Thailand will become a cashless society in the next seven years, as shown by improved prospects for cashless payment, says Visa Thailand. According to the 2018 Visa Consumer Payment Attitudes survey, 68% of Thai consumers see Thailand becoming a cashless society within seven years, up from 35% in 2017, said country […]
Read MoreAside from search-for-yield behaviour and vulnerability in the mortgage loan market, household debt accumulation from auto loans is among the risks to future financial stability, says the latest Monetary Policy Report. “There are some risks in the financial system that could pose vulnerabilities to financial stability in the future,” the report said. “These risks include an […]
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