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Thailand: Minister mulls taxi fare hike proposal

Transport Minister Arkhom Termpittayapaisith is demanding officials study further an 8% taxi fare hike before he approves the proposal. He had reservations about approving the new rate, which will be applied only when taxis get stuck in bad traffic, with no change to the currently fixed starting fare of 35 baht. The new calculation, unveiled […]

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Thailand: BAY targets 10% rise in retail loans

Bank of Ayudhya (BAY) aims for 10% growth in retail lending and keeping its bad loan ratio at 2.6-2.7% next year, says a senior official at the bank. The 10% growth translates into 100 billion baht worth of new loans in 2019, said Phonganant Thanattrai, head of retail banking and the distribution group. The bank […]

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Thailand: NBTC takes charge for PromptPay expansion, security

The National Broadcasting and Telecommunications Commission (NBTC), in collaboration with the Bank of Thailand, 20 financial institutions and six mobile operators, are driving for data connectivity to tighten security of PromptPay, the national e-payment system. The collaboration also aims to make money transfers more convenient by reducing the time banks need to verify users’ identities via […]

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