Central banks in China, Japan and South Korea boost bond ties
China, Japan and South Korea agreed to promote the use of their foreign exchange reserves to invest in each other’s government bonds to strengthen regional cooperation and stave off the impact of More...
Moody’s to review Cambodia’s banks for downgrades
Moody’s Investor Services will review ACLEDA Bank and Cambodian Public Bank (Campu Bank) for potential downgrades, according to a release from the rating agency on Wednesday. But the move comes primarily as More...
BRICS summit to boost trade in local currencies
Thursday’s daylong BRICS summit, hosted for the first time by India, made the right noises on contentious issues like Iran and Syria. The five leaders – Presidents Dilma Rousseff (Brazil), Dmitry Medvedev (Russia), More...
Cambodia’s top Microfinance manager plans to become a commercial bank
Microfinance institutions have seen rapid growth over the last few years, and continue to form an important and expanding part of Cambodia’s emerging economy. More...
Thailand’s Financial sector: from Crisis to Resilience
The development of Thailand’s financial sector has been a story of restructuring, adjustment and renewal, following the devastating effects of the Asian financial crisis of 1997. The crisis was very costly More...
SWIFT plans investment and growth in Asia Pacific
SWIFT is announcing a far-reaching plan to accelerate its investment and presence in Asia Pacific, reflecting the region’s growth and development in the global financial industry. The financial messaging provider More...
Bis Spendings for Chinese New Year (Bank of Thailand)
Circulation of around Bt31 billion ($1 billion) was estimated for withdrawal during the Chinese New Year festival, according to the Bank of Thailand (BoT). More...
The Bank of Thailand Launches New Series of Banknotes
Mr. Prasarn Trairatvorakul, Governor of the Bank of Thailand, today announced the introduction of the new series of Thai banknotes (Series 16) into circulation. The Series 16 is designed to glorify Thai kings of More...
Thailand’s floods impact on the banking sector
Opinions vary on how great an impact Thailand’s floods will have on the country’s banking sector. While optimists believe Thai lenders will be left relatively unscathed by the natural disaster, others are less More...
Your Bank Account in Thailand: Resident or non resident?
As a foreigner in Thailand, you may wish to open a bank account in the country to accommodate your financial needs or investment portfolios. You may therefore wonder whether you can open a bank account in Thailand More...
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