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Thailand: Draft law would ease M&A of SFIs

The 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 […]

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More Thais see cashless future

Local 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 […]

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Thailand: BoT report lays out threats to stability

Aside 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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Vietnam: Make business environment most important growth engine: PM

The Hanoitimes – This includes the removal of legal barriers restricting development. Among six growth engines for Vietnam’s economy in 2019, substantial improvements of the business environment are considered the most important, according to Prime Minister Nguyen Xuan Phuc. This includes the removal of legal barriers restricting development, Phuc said at the monthly government meeting on […]

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Thailand: Airlines hike ticketing fees

Several airlines have sought approval to increase charges for ticketing services rendered offline, according to the Civil Aviation Authority of Thailand (CAAT). CAAT director-general Chula Sukmanop said the Civil Aviation Board’s last meeting touched on the higher ticketing service charges imposed by airlines. He said the board was informed the hikes were based on carriers’ […]

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