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Bank of Thailand treads gently on fee charges

The Bank of Thailand will take into account access to banking services and familiarity with technology before making a decision on banks’ proposal to charge fees for cash transactions at branches and ATMs, a senior official says.  The central bank must also consider the readiness of financial services across the country, said Chantavarn Sucharitakul, assistant governor […]

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Thailand urged to take lead on trade

THAILAND should capitalise on its position as chair of the next two Asean summits in 2019 by finishing the Regional Comprehensive Economic Partnership (RCEP) negotiations in order to mitigate risks from the US-China trade war, say experts. The RCEP, led by China, is the largest proposed multilateral free trade agreement in history, involving 16 countries […]

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Thailand: Parsing digital asset classes

The allure of digital asset investment has returned to the attention of investors with legislation that would regulate digital asset trading and transactions in Thailand.  But there seems to be confusion over the definition and essence of each digital asset class, as many have grouped cryptocurrencies and digital tokens into the same category.  “Most people […]

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Thailand: Thumbs up for shopping incentive

“This will expand the demand for truck and bus tyres and in the process increase the utilisation of local natural rubber,” he said. Michelin (Thailand) Co Ltd uses 100 per cent local natural rubber, he added. Asia Books Co Ltd’ managing director Gesarin Anek said the measure was good for the book market and could […]

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Thailand: Headline rate for 2019 set at 0.7-1.7%

The Commerce Ministry has set the country’s headline inflation rate for 2019 at 0.7-1.7%, driven by higher energy and farm prices.  The Trade Policy and Strategy Office announced yesterday the 2019 inflation rate will be based on a median average of 1.2%.  The forecast was made assuming GDP growth of 3.5-4.5%, crude oil prices averaging […]

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