Central Bank now accepting applications to set up virtual banks

The Bank of Thailand started accepting applications for the opening of virtual banks in Thailand today, from companies or other business entities which have registered in advance. More than 200…

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Dr Puey Ungphakorn//Photo : Community Organisation Development Institute

Challenges Ahead: Thailand strives for well-being goals inspired by Dr Puey’s legacy

Five decades have passed but a much-cited article on well-being penned by prominent figure Dr Puey Ungphakorn is still relevant, serving as an inspiration for Thailand’s development. But despite visible…

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Photo from NNT

Thai Central bank raises policy rate to 2 percent with immediate effect

The Bank of Thailand’s monetary policy committee unanimously voted on Wednesday to increase the policy rate by 0.25 percentage point to 2%, with immediate effect. Piti Disyatat, secretary of the…

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Thai Central Bank issues new measures to deal with online banking scams

The Bank of Thailand (BoT) has issued a new set of measures, to be implemented by commercial banks, in an effort to deal with mobile banking scams, including biometric identity…

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Thai central bank increases key interest rate to 1.50%

The Bank of Thailand’s Monetary Policy Committee agreed unanimously on Wednesday to raise the key interest rate by 25 basis points, to 1.50%, with immediate effect. The central bank said…

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Thailand’s central bank to introduce rules to limit bank system outages

The Bank of Thailand (BoT) is to issue a new regulation which seeks to put a time limit on commercial banks’ mobile banking app outages, to ease the impacts on…

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Thai Central Bank defends new controls on cash deposits via CDMs

The Bank of Thailand has defended new rules for cash deposits through automated cash deposit machines (CDMs), introduced by the Anti-Money Laundering Office (AMLO). Bank of Thailand’s Payment Systems Policy…

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Central bank increases key interest rate to 1.00 percent effective Wednesday

The Bank of Thailand’s Monetary Policy Committee (MPC) has unanimously voted to increase the key interest rate by 0.25%, to 1.00%, with immediate effect. The central bank said, in a…

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New 500 and 1,000 baht banknotes in circulation from July 28

The Bank of Thailand will put new 500 and 1,000 baht banknotes in circulation on July 28 to mark His Majesty King Maha Vajiralongkorn Bodindradebayavarangkun’s birthday, BoT governor Veerathai Santiprabhob…

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