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Thailand: Curb baht, industry minister begs central bank

The new industry minister on Monday urged the central bank to intervene more in foreign exchange markets to help private companies suffering from the strengthening baht. Suriya Juangroongruangkit also said at the Bangkok Post Forum that he will seek to discuss baht strength soon with Bank of Thailand governor Veerathai Santiprabhob. “If I can beg… the central bank […]

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Thailand: DPA pursues BoT nod to process e-wallet refunds

The Deposit Protection Agency (DPA) is seeking the Bank of Thailand’s permission to get involved in the money refund process from e-wallet operators with an aim of facilitating convenience for service users. The agency discussed the service with the central bank, with consumer convenience to get money back from e-wallet operators as its focus, said […]

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Thailand: Pricing law up for amendment

The government looks set to amend the Price of Goods and Services Act, which has been in force since 1999, aiming to apply administrative sanctions instead of criminal penalties. Wattanasak Sur-iam, deputy di- rector-general of the Internal Trade Department, said the new penal­- ties will help the act comply with changing economic and business conditions. […]

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Thailand sovereign risk little changed by explosions

S&P Global Ratings today said that the explosions in a few locations in Bangkok on August 2 do not materially affect sovereign credit risk for Thailand (foreign currency ratings: BBB+/Stable/A-2). These explosions are unlikely to have much impact on political stability, with the government continuing to have the support of much of the Thai establishment […]

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Thailand: Furore over TM30 forms

Long-term foreign residents are crying foul at the strict implementation of the TM30 reporting rules, saying that it will only penalise law-abiding foreigners and have little effect on ill-intentioned criminals and other wrongdoers who skirt the law and evade the requirements. The reinforcement of regulations regarding the so-called TM30 form is outlined in the 1979 […]

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