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Thailand: Regional banks driven to step up digital services

Banks in Thailand and elsewhere in Asia-Pacific are being pressured to improve their digital banking services in 2023, as more tech companies are expected to join the industry amid the use of cloud technology, says cloud banking platform Mambu. Mambu’s annual “Partner Predictions” report indicated tech firms are among the new players competing with traditional banks […]

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Thai Baht Expected to Strengthen in 2023

The Thai baht is expected to have a strong year in 2023, buoyed by an influx of Chinese tourists and slowed US rate hikes. Bangkok Post reports that Thailand’s currency may get a boost from a potential rise in the Consumer Price Index (CPI), as well as the US Federal Reserve Bank’s tightening cycle nearing its end. […]

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Thailand: Baht tipped to have a strong year

The race to be Southeast Asia’s best-performing currency in 2023 looks like it could be between the Thai baht and Singapore dollar. The baht is set to be powered by an influx in Chinese tourists after Beijing rescinded most of its Covid controls over the past month, paving the way for a recovery in outbound travel. […]

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Thailand: Ministry urged to cut power reserve

Energy advocates are demanding the Energy Ministry reduce the country’s huge surplus of power generation capacity in reserve as part of efforts to curb a surge in power bills in 2023. The current reserve stands at almost 50% of total capacity, much higher than the internationally accepted reserve of 15-20%, according to their estimate. A […]

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