bank-of-thailand

Bank of Thailand keeps interest unchanged at 1.25%

By k on March 10, 2010

BANGKOK, March 10 (TNA) –  The Bank of Thailand (BoT) on Wednesday decided to maintain its policy interest rate at 1.25 per cent per annum and will consider adjusting it to normal levels during the next meeting on April 21 if no incident likely to severely affect the economy occurs.

The Monetary Policy Committee (MPC) decision [...]

Bankers permitted to halt ATM, close bank branches in emergency

By k on March 9, 2010

BANGKOK, Mar 9 (TNA) – The management of Thailand’s commercial banks are permitted to instruct an immediate halt to ATM services or the operations of bank branches in risk-prone areas without prior consent from the central bank,  according to Bank of Thailand (BoT) Deputy Governor Krirk Vanikkul.
The BoT decision was made amid mounting rumors that [...]

BOT: Value of Thai Baht remains volatile

By k on September 25, 2009

BANGKOK, 25 September 2009 (NNT) – The Bank of Thailand (BOT) pointed out the value of Thai local currency remained volatile as a result of the influx of investments to the Stock Market.
Despite the fluctuation of Thai Baht, BOT Governor Tarisa Watanagase said the Central Bank had prepared means and measures to address the unstable [...]

New BoT measures to contain baht appreciation

By k on August 4, 2009

BANGKOK, Aug 4 (TNA) – Bank of Thailand (BoT) Governor Tarisa Watanagase on Monday revealed the central bank will produce a new package of measures to encourage private companies and local investors to invest more overseas in a bid to contain the baht appreciation.
She said the new package is additional to the previous one under [...]

BOT eyes easing regulations on investments to help weaken strong Baht

By k on August 3, 2009

BANGKOK, 3 August 2009 (NNT) – The Bank of Thailand (BOT) eyes easing regulations on investments in an effort to relieve pressure on strong Thai Baht currency.
BOT Governor Tharisa Watthanaket indicated that Thai Baht appreciated due to a huge inflow of investments, adding that to ease the regulations was aimed to relocate the inflowing investments [...]

Bank of Thailand chief refutes criticism on baht

By k on August 1, 2009

BANGKOK, Aug 1 (TNA) – Bank of Thailand (BoT) Governor Tarisa Watanagase on Friday countered fierce criticism by former finance minister Virabongsa Ramangura that the central bank had failed to manage the baht properly, saying the comment on the currency movement should not be made based on personal feelings.
Earlier, Dr Virabongsa  blamed the BoT for [...]

BoT reports rampant spread of financial crimes

By k on July 30, 2009

BANGKOK, 30 July 2009 (NNT) - The Bank of Thailand (BoT) and the Ministry of Information and Communication Technology will cooperate in combating illegal loans being issued via SMS.
Legal Director of the BoT, Weerachart Sriboonma, said that illegal loaning was once again on the rise with the help of mobile messaging technology which allowed loaners [...]

Central bank to more actively oversee good governance

By k on July 29, 2009

BANGKOK, July 29 (TNA) – Bank of Thailand (BoT) deputy governor Bandid Nijathaworn on Tuesday revealed the central bank will play a more active role in supervising the corporate good governance of financial institutions.
By virtue of the Financial Institutions Business Act of 2008, he said, the bank would have the authority to establish the structure [...]

No speculation on baht, says Thai central bank

By k on July 28, 2009

BANGKOK, July 28 (TNA) – Bank of Thailand (BoT) Governor Tarisa Watanagase on Monday indicated that no speculation on the baht had been found although the currency had strengthened in the past one or two days.
She attributed the currency appreciation to foreign capital inflow and foreign investment in the Stock Exchange of Thailand (SET)
However, capital [...]

thai central bank was unconcerned over significant numbers of withdrawals

By k on July 17, 2009

BANGKOK, July 17 (TNA) – Bank of Thailand (BoT) Assistant Governor Paiboon Kittisrikangwan on Thursday said the central bank was unconcerned over significant numbers of withdrawals from commercial banks to invest in government savings bonds issued under the “Stronger Thai” scheme.
He said the funds transfer in the banking system is considered normal, but conceded that [...]

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