Central bank assures Thai banking system remains resilient despite S&P downgrade

The Bank of Thailand (BoT) says that the Thai banking system has undergone regular stress tests and remains resilient, with a high level of capital buffers to help it to…

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File photo: A traditional Thai statue wears a face mask as a campaign for travellers to prevent the spread of Covid-19 coronavirus at the departure terminal of Suvarnabhumi International Airport in Bangkok before the new year last year. Jack TAYLOR / AFP

Russian tourist arrivals fall dramatically, many already stranded in Thailand

The number of Russian tourist arrivals in Phuket has decreased by 75%, while 3,000 Russian tourists are stranded on the resort island due to the international sanctions being imposed on…

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Thai Central Bank invites feedback on its plan to set up virtual banks

The Bank of Thailand is open to feedback from all stakeholders, until the end of this month, about its plan to set up virtual banks in Thailand, Governor Sethaput Suthiwartnarueput…

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