Asia’s new rich, or How to get to Asia’s high net-worth individuals (HNWIs)
Asia’s high net-worth individuals (HNWIs) — people with $1 million or more in investable assets — are younger than their western counterparts. Forty-one percent of Asia-Pacific’s HNWIs are 45 or under versus a global average of 17 Prozent, according to Capgemini and Merrill Lynch. One thing is for certain: believing that what 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...
Thailand-China Cooperation boosted by Chinese Vice President visit
Herr. Xi Jinping, Vice President of the People’s Republic of China, has payed an official visit to Thailand as guest of the Thai government on 22-24 December 2011. 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...
New Anti-Money Laundering Regulations in Thailand
From August 25, 2011, all commercial banks are required by the Ministerial Regulations issued by virtue of the Anti-Money Laundering Act to identify and verify, and maintain copies of, the identities of customers, More...
0% Mortgage Loans to help first-time homebuyers
Cabinet’s approval of a Bt25 billion loan programme for first-time homebuyers with special repayment terms and conditions will help stimulate Thailand’s property market and the mortgage loan business in More...
Banking services top open in 1400 Post offices across Thailand
Thailand Post has cooperated with six commercial banks in launching fundamental real-time banking services, which will be piloted in 1,400 post offices across the country this May. More...
Thai commercial banks competition intensifying
Commercial bank competition for deposits is expected to continue intensifying this year since the banks want to peg their deposit rate costs following the Bank of Thailand’s clear signal it would raise the policy More...
Thailand Post Anti loan-shark bank to start early 2011
Thailand Post yesterday received the Cabinet’s nod to set up “Post Bank”, offering microfinance to those with difficulty accessing conventional loan sources. More...
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