Latest News for: Thailand banks

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Thai Cabinet approves 1.48 billion Baht to tackle price hike

Malaysian National News Agency 19 Jan 2022
BANGKOK, Jan 18 -- Thailand’s cabinet today has allocated 1.48 billion baht (100 baht = RM12.65) from the central budget to fund a programme that offers essential products ... Last week, the Bank of Thailand said the inflation has remained at between 1 to 3 per cent this year.
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Tanduay awarded Brand of the Year for 7 years at intl forum

The Manila Times 19 Jan 2022
Out of all the brands, among the national-tier winners from other countries were Telstra from Australia, Bangkok Bank from Thailand, ToastBox from Singapore and Carrefour from France, among others. .
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A Former Thailand SEC Chief Questions Government Plans on Crypto Tax

FX Empire 18 Jan 2022
Thailand is also considered crypto friendly, with the Bank of Thailand (BoT) holding back from imposing an outright ban on cryptos ... According to , the Bank of Thailand is in the proof-of-concept stage for its Ithanon-LionRock CBDC ... According to the late December report, the Bank of Thailand will introduce crypto regulations soon.
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Thailand’s Former SEC Chief Opposes Possible Crypto Taxation: Report

CryptoPotato 18 Jan 2022
The Bangkok Post Thailand’s Crypto Plans for 2022. At the end of 2021, the Bank of Thailand (BoT) unveiled plans to implement strict rules on the cryptocurrency industry in 2022 as the interest in the asset class keeps increasing ... Prior to this, the central bank of Thailand urged local financial institutions to stay away from cryptocurrencies..
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Thailand Government Disperses Confusion Surrounding Cryptocurrency Taxation

NewsBTC 18 Jan 2022
Thailand is one of the countries that proposes some taxation plans ... Following the Prime Minster’s instructions, the department has engaged the Bank of Thailand in a discussion ... In December, through the move Bank of Thailand mentioned its plan of drawing out measures for regulating crypto-related activities.
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Crypto.com Adds Jon Russell As Asian Based General Partner

NewsBTC 18 Jan 2022
He has lived in Thailand since 2008 ... In addition, one of the largest banks in the Singapore region, DBS Bank, is now operating a crypto trading desk. And recently, a majority stake in Thai cryptocurrency exchange Bitkub was amassed by Siam Commercial Bank (SCB), Thailand’s bank.
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BitMEX Acquires 250-Year-Old German Bank To Expand Its Operations in Europe

FX Empire 18 Jan 2022
Today the BXM Operations AG their plans of purchasing one of the biggest and oldest banks in Germany, Bankhaus von der Heydt ... The interest also comes from the other way around as last November, a Thailand-based bank Siam Commercial Bank a 51% stake in the biggest crypto exchange of Thailand Bitkub for almost $539,000.
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Citi, Fubon talk Chinese assets sale, sources say

Taipei Times 18 Jan 2022
Earlier this month, the firm announced that it would exit its consumer, small-business and middle-market banking businesses in Mexico. Last week, Citigroup agreed to sell consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank Ltd (大華銀行) for about S$4.9 billion (US$3.6 billion).
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Citigroup nears sale of Taiwan consumer-banking business

Live Mint 18 Jan 2022
is nearing a sale of its retail banking franchise in Taiwan to DBS Group Holdings Ltd ... bank’s Taiwan retail business includes 45 branches, mortgage lending and a large credit-card business ... Last week, it reached an agreement to sell consumer-banking franchises in Indonesia, Malaysia, Thailand and Vietnam to Singapore-based United Overseas Bank Ltd.
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Citi in talks with Taiwan’s Fubon bank over US$1.5bn sale 

Hong Kong Standard 18 Jan 2022
Under the restructuring, she’s sought to dispose of retail banking operations in 13 countries across Asia and Europe ... Last week, Citigroup agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand, and Vietnam to United Overseas Bank Ltd. for about S$4.9 billion (US$3.6 billion).
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Citi in talks with Fubon on $1.5 billion China asset sale: Sources

Live Mint 18 Jan 2022
The China asset sale is part of Citigroup Chief Executive Officer Jane Fraser’s business restructuring that has sought to dispose of retail banking operations in 13 countries across Asia and Europe ... Last week, Citigroup agreed to sell consumer-banking businesses in Indonesia, Malaysia, Thailand and Vietnam to United Overseas Bank Ltd.
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Malaysia Is Assessing Potential Benefits of a CBDC Adoption

FX Empire 18 Jan 2022
Malaysia’s de-facto central bank, Bank Negara Malaysia (BNM), said that it is “actively assessing” a CBDC study ... the bank said in an email response to ... Currently, at a nascent stage, CBDCs are gaining momentum with countries such as Thailand, where the central bank planned to test its retail CBDC for the public this year.
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Asia Has Kept COVID-19 at Bay for 2 Years. Omicron Could Change That

Time Magazine 18 Jan 2022
They doubled down on border restrictions ... Thailand ended programs that allowed tourists to enter without quarantine ... [time-brightcove not-tgx=”true”] ... International tourism is a major contributor to Thailand’s economy, which shrank by 6% in 2020, according to the World Bank, and was estimated to increase by only 1% in 2021.
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Binance Partner With Gulf Energy To Launch Crypto Exchange in Thailand

FX Empire 17 Jan 2022
The partnership is driven by the likely “rapid growth” of Thailand’s digital infrastructure in the coming years, a letter to the Stock Exchange of Thailand noted ... Thailand’s Crypto Push ... In December, the Bank of Thailand had plans to create a cryptocurrency regulatory framework to minimize trading risks and enhance investor protection.
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Telenor dumps Myanmar fintech leader Wave Money

Asiatimes 17 Jan 2022
The deal, which values the firm at $104 million, is still subject to approval by the Central Bank of Myanmar, which is now controlled by the military junta ... The Ayeyarwaddy Farmers Development Bank (A Bank) – which is backed by Thailand’s Kasikorn Bank to develop digital services – is, by comparison, ranked 28th.
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