BANGKOK (BLOOMBERG) – The Bank of Thailand said commercial banks should avoid “direct involvement” in trading of digital assets, citing their high volatility and potential risks to financial and payment stability. Commercial banks should focus on safety, “as they are responsible for the deposits of the people”, BOT senior director Chayawadee Chai-Anant said at a briefing […]
Read MoreThe Bank of Thailand is concerned about the use of digital assets to pay for goods and services because of their price volatility. Using digital assets as payment for goods and services has become a growing trend. Digital assets are associated with high price volatility and risks of cybertheft, personal data leakage and money laundering. […]
Read MoreThe Thailand Industry Sentiment Index (TISI) in November rose to 85.4 points, the highest in eight months, as the reopening of the country, ongoing stimulus packages and export expansion boosted confidence among large and small manufacturers, says the Federation of Thai Industries (FTI). In October, before the government allowed fully vaccinated foreign tourists to enter […]
Read MoreA group of Thai shippers believe the country’s exports may grow by up to 8% next year, driven by an economic recovery in partner trading countries. But it warned of challenges, including spread of the new Omicron variant, a labour shortage in manufacturing, relatively high freight rates, insufficient shipping space and containers, as well as […]
Read MoreThe government should extend its property tax incentives to next year to drive housing market growth in 2022, in line with the projected economic recovery, the Bank of Thailand suggested. Don Nakornthab, the central bank’s senior director for financial stability department, said extending the lower transfer and mortgage fees from the end of 2021 to […]
Read MoreAnother Covid-19 lockdown is unlikely despite the emergence of the Omicron coronavirus variant, Prime Minister Prayut Chan-o-cha insisted on Tuesday, quelling fears among the business community that their revenue could take another hit during the peak season. “Hopefully, this coming New Year will be a happy time. We haven’t had that festive happiness for two […]
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