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  • Hot News

    Bank of Thailand warns of elevated financial cybercrime risk

    The Bank of Thailand (BoT) is warning consumers and banks of an elevated financial cybercrime risk. The warning comes after a man claimed that he had lost 101,560 baht from his bank account after using a public charging outlet. The BoT denied the claim after conducting an investigation and said it believes the theft occurred because the man was a…

  • Thailand

    Bank of Thailand wrestles with cryptocurrency adoption

    The Bank of Thailand is wrestling with cryptocurrency – how to adopt its usage and how to regulate it in the face of growing popularity, along with all the dynamics surrounding the new ‘currencies’.. The BOT admits they’re struggling with balancing the innovation in the financial world and protecting investors in a volatile and unstable market. Digital currency fluctuates much…

  • Business

    Bank of Thailand takes action to curb Thai baht’s strength

    The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas and invest in foreign assets. It will also make is easier for Thai citizens to…

  • Economy

    Central bank mulls severing baht’s gold link to weaken gains

    Thailand’s central Bank is mulling breaking the baht’s link to gold as a way to weaken it without being labelled a “currency manipulator” by Washington. According to US Census Bureau data, Thailand’s trade surplus surpassed US$20 billion in the 12 months up to the end of November 2019. That exceeds a $20 billion cap the US Treasury sets for bilateral…

  • Economy

    Thailand’s economic forecast among Asia’s worst: central bank governor to step down

    The governor of the Bank of Thailand will step down when his term ends in September. Veerathai Santiprabhob announced yesterday that he has decided against seeking a second 5 year term for “family reasons.” His departure comes as Thailand sees its economy contracting as much as 6% this year, mostly as a result of the impacts of lockdown provisions to…

  • Coronavirus (Covid-19)

    ‘New normal’ seen in shopping malls across Bangkok

    Part of the ‘new normal’, in times of Covid-19 in Thailand, involves redesigning traditional ways of doing things and changing daily life to stay safe and virus free. Today The Standard has revealed a few things that you might see in the near future. To minimise the risk of the spread of Covid-19 in elevators, engineers have created a new,…

  • Economy

    BOT predicts 5.3% contraction in Thai economy for 2020

    Even the Thai economy, which was still maintaining respectable growth before January, is now spluttering under the siege of the Covid-19 virus. Now the Bank of Thailand has crunched some numbers and believes the Thai economy will sharply contract by 5.3% this year as the virus continues to weigh on global financial markets, the local economy and people. GDP growth…

  • Coronavirus (Covid-19)

    BOT injects 35 billion baht into Thai financial market

    35 billion baht is being injected into the local Thai financial markets in the wake of the impact from Covid-19 crisis. The Bank of Thailand say they are closely monitoring the local financial market and recognised “liquidity is tight in bond and US dollar exchange markets.” BoT assistant governor Vachira Arromdee announced yesterday… “The BoT last week injected both short…

  • Phuket

    Chinese boy dies after slipping from pool ledge on fifth floor of Kamala hotel

    A Chinese boy has died after slipping from a pool ledge on the fifth floor at a hotel in Kamala last night. The boy fell five floors and hit the ground. Kamala Police were notified that the body of the boy had arrived at Patong Hospital at 8.50pm last night. Police arrived to confirm the death of a nine year…