• Fri, 26 Apr 2019 01:00
    Terms for tax waiver on savings account interest to be announced
    THE REVENUE Department will announce conditions for tax waiver on interest earned from savings accounts next week, while asking banks to disclose information on all savings accounts.
    Economy
  • Fri, 19 Apr 2019 18:21
    Savers must allow banks to send information to tax officials: Finance Minister
    Bank customers are required to consent to banks forwarding their savings-account information to the Revenue Department, as the Finance Ministry tries to eliminate tax evasion, Finance Minister Apisak Tantivorawong said on Friday.
    Breaking News
  • Wed, 20 Mar 2019 01:00
    Thailand Post branches out  into banking 
    Thailand Post has joined hands with 10 banks to provide money deposit services via its 1,200 branches and counter services nationwide. 
    Corporate
  • Wed, 20 Feb 2019 01:00
    HIGHER BANK ACCOUNTING STANDARD MAY BE DELAYED
    Finance Ministry is considering allowing the state-owned banks to delay implementing the new accounting standard IFRS9 by a year to 2021, as most of the banks must revise their system, said a Ministry source recently.
    Economy
  • Tue, 05 Feb 2019 01:00
    Ministry seeks help to deliver a unicorn
    THE INDUSTRY Ministry is joining forces with private and public units as well as banks to promote Thai startups.
    Economy
  • Fri, 14 Dec 2018 01:00
    Bangkok Bank join in blockchaIn study 
    Bangkok Bank is collaboratIng with leading global trade finance banks to develop Letter of Credit (L/C) service using Blockchain technology to increase efficiency at every step of the process.
    Corporate
  • Mon, 08 Oct 2018 18:04
    BOT’s new home-loan rules should improve banks’ asset quality: Moody’s
    Moody’s believes the new mortgage-lending rules announced by the Bank of Thailand (BOT) are credit positive because they will help to reduce speculative buying and require banks to focus on borrowers with better credit quality.
    Economy
  • Mon, 13 Aug 2018 01:00
    Govt aims to encourage M&A in banking sector
    The Vietnam government plans not to license any more wholly foreign-owned banks in Vietnam, instead encouraging foreign banks to buy weak domestic banks, Deputy Prime Minister Vuong Dinh Hue said.
    Corporate
  • Wed, 08 Aug 2018 01:00
    SPEEDY REFUND ORDERED FOR ERROR IN MONEY TRANSFER
    The Bank of Thailand, through The Thai Bankers Association, has instructed its member banks to refund clients within one day of a money transfer error, said the association’s president Predee Daochai yesterday.
    Economy
  • Tue, 07 Aug 2018 07:02
    Facebook asks big banks to share customer details
    Facebook has asked major US banks to share customer data to allow it to develop new services on the social network's Messenger texting platform, a banking source told AFP on Monday.
    business
  • Tue, 24 Jul 2018 01:00
    Banks to offer fee-free accounts for the poor, elderly
    COMMERCIAL and state-owned banks are joining forces to offer to fee-free basic bank accounts for holders of state welfare cards and senior citizens as part of a drive for sustainable banking being promoted by the Bank of Thailand (BOT).
    Economy
  • Thu, 12 Apr 2018 13:05
    APAC banks to use AI in collections and recovery by 2019: FICO
    Artificial intelligence (AI) is integral to improving collections, according to banks in Asia Pacific (APAC). In a survey conducted as part of the FutureCollect event last month, seven out of 10 senior collections managers said they are planned to integrate AI with their collections systems within the next two years, with a further 24 per cent indicating that it would be introduced next year.
    Breaking News
  • Tue, 20 Mar 2018 20:06
    No plan to get banks to make higher contributions to FIDF, says central banker
    The Bank of Thailand (BOT) has no plans to collect higher contributions to the Financial Institutions Development Fund (FIDF) from commercial banks, while expecting the fund to pay off its remaining debt – incurred from bailing out troubled financial institutions during the 1997 Asian financial crisis – within 12 to 14 years.
    Economy
  • Fri, 16 Feb 2018 01:00
    LCR DISCLOSURE 
    Bank of Thailand (BOT) has instructed all commercial banks to disclose their respective liquidity coverage ratio (LCR), total liquidity and the amount of net cash outflow within 30 days on their websites in order to meet international standard.
    Economy
  • Wed, 24 Jan 2018 01:00
    CENTRAL BANK WILL ISSUE BANKING AGENT LICENCES 
    Bank of Thailand governor Veerathai Santiprabhob, says the BOT will issue banking agent licences in the first quarter this year, aiming at helping banks to cut costs and better respond to fast changing technology.
    Economy
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