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Thailand: BoT readies peer-to-peer lending service

The Bank of Thailand plans to set regulations for peer-to-peer (P2P) lending service by the year-end, widening opportunities for small-business operators to access financial sources. The central bank expects to set out regulations to cover all related parties, including P2P lending platforms, borrowers and lenders, said assistant governor Ruechukorn Siriyothin. The Bank of Thailand and […]

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Thailand: Shipments seen keeping pace into 2019

The government expects the country’s export prospects next year to be on a par with this year’s performance. Chantira Jimreivat Vivatrat, director-general of the International Trade Promotion Department, said that absent major risks, Thailand’s exports next year should equal this year’s projected growth of 9%. “We are strongly upbeat that Thailand has a chance to export […]

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Thailand: Finance minister quells bubble talk

Finance Minister Apisak Tantivorawong has rushed to dispel concerns that there is a local property bubble. Developers typically trim supply if a bubble forms to prevent losses, but they are continuing to introduce a large amount of supply, which suggests they believe demand will prevail, he said. However, the central bank must analyse the risks […]

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