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Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Wednesday (Sept 15)
The Bank of Thailand (BOT) has warned people to be careful when investing in digital currency as they may be at risk of revealing their personal information and unwittingly have a hand in money laundering.
BANGKOK: Malaysian banks seeking to operate in Thailand under a regional accord can open as many as 40 branches and should have at least 15 billion baht (US$455mil or RM1.89bil) in capital, according to rules unveiled yesterday.
KUALA LUMPUR: Bank Negara and the Bank of Thailand are inviting banking institutions in their respective countries to indicate their interest to be a Qualified Asean Bank (QAB).
BANGKOK: The Thai baht and the Philippine peso have lagged all their South-East Asian peers this year. This may continue as inflation readings could reinforce their central banks as two of the biggest doves in the region.
Australia, Malaysia, Singapore join forces to test digital currencies ‘blueprint’ but US remains ‘sceptical’
The Bank for International Settlements’ project will look at allowing institutions to transact in the digital currencies (CBDCs) issued by the other central banks. China, Hong Kong, Thailand and the United Arab Emirates are working on a separate project to study the feasibility of using CBDCs for cross-border payments.
BANGKOK: Thailand’s economy in July was increasingly impacted by the country’s worst Covid-19 outbreak and tighter restrictions that extended into August, but fiscal policy and exports lent some support, the central bank said yesterday.
BENGALURU: Most Asian currencies firmed on Tuesday, with the Thai baht and Indonesian rupiah leading the pack, as the U.S. dollar remained under pressure from waning conviction about any immediate U.S. Federal Reserve stimulus tapering.
BANGKOK: Thailand is less vulnerable to any spike in global bond yields stemming from policy normalisation by the U.S. Federal Reserve due to its low reliance on external sources for debt financing and its high foreign reserves, the Bank of Thailand chief said.
Thailand's exports rose a bigger-than-expected 20.27% in July from a year earlier, as global demand improved, the country's commerce minister said on Monday.