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BoT suggests forming new entity to replace Development Fund

BANGKOK, 14 June 2010 (NNT) – The Bank of Thailand (BoT) suggests an establishment of a new organization to replace the Financial Institution and Development Fund which is due to end its operation in 2013. BoT Governor, Tarisa Watanagase said a fresh entity should be established in place of the Financial Institution and Development Fund [...]

June 14th, 2010 | Posted in Bank And Finance | Read More »

Tampered bank notes are declared invalid

BANGKOK, 8 June 2010 (NNT) -The Bank of Thailand has declared the tampered 100-baht bank notes circulated mainly in the Northeast invalid. Users are also subject to prosecution by related laws, with life imprisonment as the maximum penalty. The tampered bank notes carrying a lèse majesté text claiming that fugitive ex-Prime Minister Thaksin Shinawatra is [...]

June 8th, 2010 | Posted in Bank And Finance | Read More »

BoT disturbed by potential shift of investment

BANGKOK, 7 June 2010 (NNT) – The Bank of Thailand (BoT) expressed concerns over the investment climate in Thailand after the recent protests of the anti-government United Front of Democracy Against Dictatorship (UDD) and the following riots took place. BoT’s Senior Director, Suchart Sakkarnkosol disclosed on Monday that the BoT had dispatched BoT officers to [...]

June 7th, 2010 | Posted in Bank And Finance | Read More »

BoT keeping eye on Greek crisis

BANGKOK, 10 May 2010 (NNT) – The Thai Baht today moves in accord with other regional currencies under stable liquidity and economic situation, owing to the assistance package for the Greek financial crisis. Deputy Governor of the Bank of Thailand (BoT) Bandid Nijathaworn stated that the market had responded positively towards the introduction of the [...]

May 10th, 2010 | Posted in Bank And Finance | Read More »

BoT keeping close watch on impact from Greek crisis

BANGKOK, 8 May 2010 (NNT) – The Bank of Thailand (BoT) affirms Thai financial institutions have not yet been affected by the Greek debt problem but it is keeping a close watch on the impact to the world economy. BoT Governor Tarisa Watanagase stated that the effect of the European economic crisis on the global [...]

May 8th, 2010 | Posted in Bank And Finance | Read More »

BoT keeping close watch on impact from Greek crisis

BANGKOK, 8 May 2010 (NNT) – The Bank of Thailand (BoT) affirms Thai financial institutions have not yet been affected by the Greek debt problem but it is keeping a close watch on the impact to the world economy. BoT Governor Tarisa Watanagase stated that the effect of the European economic crisis on the global [...]

May 8th, 2010 | Posted in Bank And Finance | Read More »

Rallies not affect foreign investment climate

BANGKOK, 29 March 2010 (NNT) – The foreign investment climate in Thailand is still positive despite street-protests by the anti-government group, according to Bank of Thailand (BoT) Govenor Tarisa Watanagase. This is reflected by the continuous fund flow into the economy, especially in the Thai stock exchange. The stock exchange has shown continuous growth from [...]

March 29th, 2010 | Posted in Bank And Finance | Read More »

Rate hike depends on economic factors and inflation, says BoT

BANGKOK, Mar 25 (TNA) – Bank of Thailand (BoT) Governor Tarisa Watanagase on Wednesday announced a central bank decision by the Monetary Policy Committee on April 21 to raise the policy interest rate will be made based mainly on domestic economic factors and the inflation rate. She said the central bank would not decide to [...]

March 25th, 2010 | Posted in Bank And Finance | Read More »

More banks declared closed amid protests

BANGKOK, 17 March 2010 (NNT) – Nine branches of commercial banks have today requested temporary closure of their businesses for safety concerns due to the continued mass rallies of anti-government United Front of Democracy Against Dictatorship (UDD), according to the Bank of Thailand (BOT). Krung Thai Bank has closed its branches at the MBK Shopping [...]

March 17th, 2010 | Posted in Bank And Finance | Read More »

Bank of Thailand keeps interest unchanged at 1.25%

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) [...]

March 10th, 2010 | Posted in Bank And Finance | Read More »