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Dr Veerathai Santiprabhob, governor of the Bank of Thailand, and Dr Muliaman D Hadad, chairman of the Indonesian Financial Services Authority, yesterday signed a letter of intent on a bilateral arrangement regarding the establishment of Qualified Asean Banks (QABs) in the two countries under the Asean Banking Integration Framework.
The LoE signed at the BOT’s headquarters is seen as an important foundation for future bilateral negotiations on the establishment of QABs in each country, which will provide greater access by indigenous Asean banks to other members’ banking sectors .

30,000 APPLY FOR LOANS

Nearly 30,000 people registered at Government Savings Bank for the right to borrow a total of Bt30 billion under the Baan Pracha Rath Project within one week of the project’s launch, GSB president Chatchai Payuhanaveechai said. Today is the last day for registration.