Latest News for: Thailand banks

Edit

Bank of Thailand Warns Against Crypto Trading

FX Empire 09 Dec 2021
Commercial Banks in Thailand Shouldn’t be Trading Crypto ... In November, the oldest bank in Thailand, Siam Commercial Bank, announced that it would acquire a 51% stake in Bitkub, the largest crypto exchange in the country.
Edit

Most Asian FX, stocks gain as Omicron fears ease; focus on U.S. inflation

Reuters 09 Dec 2021
In India, the Nifty 50 (.NSEI) reversed direction to decline about 0.5%, a day after the central bank held rates steady to support economic growth, while in Thailand (.SETI), shares shed 0.4% and slipped off their near two-week high. Analysts at Bank of America expect ASEAN ...
Edit

Exclusive-IMF, 10 countries simulate cyber attack on global financial system

Metro USA 09 Dec 2021
Participants in the initiative, called “Collective Strength”, included treasury officials from Israel, the United States, the UK, United Arab Emirates, Austria, Switzerland, Germany, Italy, the Netherlands and Thailand, as well as representatives from the International Monetary Fund, World Bank and Bank of International Settlements.
Edit

HSBC says it's neutral on China but 'positive and bullish' on Southeast Asia for 2022

CNBC 09 Dec 2021
James Cheo of HSBC says Southeast Asia's economic reopening is unlikely to be hindered by the omicron variant. He names Singapore, Indonesia and Thailand as countries the bank likes ... .
Edit

Bank of Thailand bans commercial banks from trading crypto

Cryptopolitan 08 Dec 2021
Bank of Thailand bans commercial banks from crypto tradingAn official of the bank cited price volatilityThailand’s tourism industry encourages crypto holders to visit ... In the latest update, the Bank of Thailand has announced that it has barred all commercial banks in the country from providing crypto trading services.
Edit

Bank of Thailand Does Not Want Local Banks to Get Involved in Crypto: Report

CryptoPotato 08 Dec 2021
The central bank of Thailand reportedly urged local financial institutions to stay away from cryptocurrencies citing risks coming from their enhanced volatility. It added that the broad employment of bitcoin and the altcoins could also impact the Bank of Thailand’s ability to monitor the national economy.
Edit

Thailand tells banks to avoid activity in digital-assets trading

Straits Times 08 Dec 2021
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 ... The central bank said last week that it is working with Thailand's ...
Edit

Laura Kaplan: New Miamians focus of her effort at BNY Mellon Wealth

Miami Today 08 Dec 2021
Kaplan began her career as a global banker in Asia, working for General Motors Treasury and helping to build the infrastructure for the automotive industry in Thailand and China ... Adding global ties as he heads growing CAMACOLJosh Bank.
Edit

Citi picks preferred bidders for over $3-B asset sales

Manila Bulletin 08 Dec 2021
lender picked Bank of Ayudhya Pcl as the leading suitor to buy its retail assets in Thailand, the people said, asking not to be identified because the matter is private. The bank, which is owned by Japan’s Mitsubishi UFJ Financial Group Inc., will continue to negotiate the terms of a potential deal in the coming weeks, they said.
Edit

Central bank tells Thai banks not to offer crypto trading

The Coin Telegraph 08 Dec 2021
The Bank of Thailand doesn’t want local banks or businesses using crypto, while the tourism ministry is still trying to attract crypto whales ....
Edit

Asian FX firm, equities gain as Omicron fears take a back seat

Reuters 08 Dec 2021
Equities in the region were broadly positive, with India's Nifty 50 (.NSEI) advancing more than 1% after the central bank kept its key lending rate steady at record lows, while Thailand's benchmark (.SETI) added as much as 0.7% ... None of the developments this week have proven otherwise," analysts at Singapore bank OCBC said in a note.
Edit

World Bank raises growth forecast for Philippines to 5.3 pct this year

China.dot.org 07 Dec 2021
"The new (Omicron) variant has added a layer of uncertainty, but economic reopening, along with progress in vaccination, is clearly strengthening domestic dynamism and market confidence," said Ndiame Diop, World Bank Country Director for Brunei, Malaysia, Philippines and Thailand in an online briefing.
Edit

WB raises 2021 PH growth outlook

The Manila Times 07 Dec 2021
"The Philippines' economic recovery, which was momentarily disrupted by surges in Covid-19 cases, driven by the variant Delta in March-April, then in August-September regained strong momentum in the third quarter of 2021," said World Bank Country Director for Brunei, Malaysia, the Philippines and Thailand Ndiame Diop.
Edit

World Bank upgrades 2021 PH growth forecast to 5.3%

Manila Standard Today 07 Dec 2021
Ndiame Diop, World Bank country director for Brunei, Malaysia, the Philippines and Thailand, said in the same briefing that the new Omicron variant of COVID-19 “has added a layer of uncertainty but economic reopening, along with progress in vaccination, is clearly ...
Edit

Unemployment dips to 7.4% in Oct., third-lowest this year

Manila Standard Today 07 Dec 2021
The new variant has added a layer of uncertainty but economic reopening, along with progress in vaccination, is clearly strengthening domestic dynamism and market confidence,” said Ndiame Diop, World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand.

Most Viewed

×