Thursday, October 01, 2020

EASED CONDITIONS FOR MOBILE TRANSFERS

Sep 26. 2018
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The Bank of Thailand and the Thai Bankers' Association have resolved that commercial banks should raise the ceiling of the money transfer via Internet and mobile banking channels, using the bank account numbers to not exceeding Bt700,000 per transfer from the current limit of not exceeding Bt50,000 per transfer.

From early next month the banks will gradually raise the ceiling according to their risk management policies and their maximum ceiling will vary according to their risk policies and readiness, said Siritida Panomwon na Ayudhya, BOT assistant governor.

EXIM FUNDS AIRLINE PLAN

Export-Import Bank of Thailand (Exim Thailand) yesterday signed a financial facility agreement with Bangkok Airways to provide a credit facility of US$92 million for the carrier’s acquisition of four ATR72-600s. 

This financial support aims to enhance Bangkok Airways' potential for its forward-looking development and expansion of network linking tourism development with expansion of trade, investment and services, which would lead to economic and social development of Thailand and Asia as a whole. 

VISA QR PAYMENTS 

Visa, a credit card operator, yesterday launched QR payments for Thai consumers enabling them to link their Visa credit cards to their mobile devices to pay with their cards. 

The launch is a major step in the payments evolution in Thailand and one that is poised to benefit consumers and merchants across the country.

NEW FORD CHIEF NAMED 

Ford Thailand yesterday announced the appointment of Wichit Wongwatthanakan as managing director, Ford Thailand, effective October 1. 

He will report directly to Yukontorn Wisadkosin, president, Ford Asean. Wichit is currently deputy managing director, Customer Service, Dealership and Consumer Experience, Ford Thailand.

TRIS RATINGS ON WHA 

TRIS Rating has affirmed the company rating on WHA Corporation PLC (WHA) and the ratings on WHA’s existing senior unsecured debentures at “A-”. 

At the same time, TRIS Rating assigns a rating on WHA’s proposed issue of up to Bt3.5 billion in senior unsecured debentures. 

The proceeds from the new debentures will be used to refinance the company’s debt, as well as for planned capital expenditures and working capital.

The ratings reflect WHA’s strong competitive position in the built-to-suit warehouse and the industrial estate industry in Thailand. 

 

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