New payment technologies such as PromptPay have had a profound effect in reducing operating costs for businesses and spurring the growth of e-commerce in recent years. Yet the bigger impact is in how companies are using instant payments to improve their customer experience, said Patrick O’Neill, Citi’s Thailand country head for treasury and trade solutions. […]
Read MoreThe Bank of Thailand expects its refinancing scheme targeting consumer and small and medium-sized enterprise (SME) loans will begin in the first quarter next year, says a senior official at the central bank. The bank is in talks with related parties including financial institutions to find solutions for refinancing both SME and consumer loans. Negotiations are […]
Read MoreThe Bank of Thailand (BoT) is expected to leave its benchmark interest rate at a record low on Wednesday after two cuts this year, a Reuters poll showed, although it was likely to downgrade its growth outlook again. All 16 economists in the poll predicted the BoT’s monetary policy committee (MPC) will keep its one-day […]
Read MoreThe Finance Ministry is likely to announce some tax restructuring early next year to create fairer taxation, says permanent secretary Prasong Poontaneat. The restructuring could be in place after the new year to stem loopholes because the current law is not comprehensive, hurting some and helping others in terms of tax liability, he said. A […]
Read MoreKasikornbank (KBank) has applied for a licence to open a branch each in Vietnam, Indonesia and Myanmar as part of its continued overseas business expansion, president Kattiya Indaravijaya said on Friday (December 13). She expects the bank to be awarded at least one of these licences next year. There is a high chance that the […]
Read MoreThe Ministry of Finance has indicated that plans to reform the income tax structure might not be completed by February as earlier scheduled but says a tax measure will be announced early in 2020 as a New Year’s gift to Thais. The ministry’s permanent secretary Prasong Poontaneat said that tax reform committee will meet again […]
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Thailand
