The Thai Bankers Association’s credit card club plans to discuss its concerns about credit risk from zero-rate marketing campaigns with the Bank of Thailand. Shoke Na Ranong, executive vice-president for Bangkok Bank’s credit card division, said the club is in preparation to talk to officials about the central bank’s criticism of zero-rate campaigns in the […]
Read MoreNEW YORK/KUALA LUMPUR: Index provider FTSE Russell said on Thursday it would retain China’s onshore government bonds on a watch list for a possible upgrade that could allow Chinese debt entry to its widely tracked government bond index. Malaysian bonds, which were on review for a downgrade that would have excluded them from the World […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) delivered another 25 basis points rate cut yesterday as part of an easing cycle that saw interest rates decline by 75 basis points since May due to easing price pressures, as well as weaker economic growth. In a press conference, BSP Governor Benjamin Diokno […]
Read MoreThe government is mulling removal of four business types from List 3 of the Foreign Business Act (FBA) as it tries to reduce obstacles to foreign investment. Poonpong Naiyanapakorn, deputy director-general of the Business Development Department, said the four businesses types are telecommunication services for licence type 1 (telecommunications business operator without its own network […]
Read MoreThe Hanoitimes – Fintech is an attractive field, creating many opportunities for both startups and investors in recent years. Many foreign investors are interested in investing in Vietnam’s fintech market that have huge growth potential, said Han Ngoc Vu, general director of VIB International Commercial Bank, at Fintech Summit 2019 held in Hanoi on September 25. Vu, […]
Read MoreWITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks’ earnings are not at imminent risk with the eventual launch of digital banks, a CGS-CIMB report showed. CGS-CIMB estimated that just 4-11 per cent of deposits from […]
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Thailand
