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BOT will allow only three virtual banks to ensure stability of financial system
BOT will allow only three virtual banks to ensure stability of financial system
THURSDAY, MARCH 07, 2024
The Bank of Thailand (BOT) will limit the issue of licences to only three virtual banks so that the financial system’s stability can be maintained when new financial services are offered through digital channels, a senior executive said on Thursday.IMF warns deeper financial turmoil would slam global growth
IMF warns deeper financial turmoil would slam global growth
WEDNESDAY, APRIL 12, 2023
The International Monetary Fund on Tuesday trimmed its 2023 global growth outlook slightly as higher interest rates cool activity but warned that a severe flare-up of financial system turmoil could slash output to near recessionary levels.Thailand facing 3 core risks: BOT policy committee
Thailand facing 3 core risks: BOT policy committee
WEDNESDAY, DECEMBER 02, 2020
The Bank of Thailand’s Monetary Policy Committee (MPC) has identified three issues of concern for the country – the rapidly rising baht, a bleak outlook for the financial system, and rising household debt.
Banks on alert after Malaysians foil cyberheist
Banks on alert after Malaysians foil cyberheist
SUNDAY, APRIL 01, 2018
THE PHILIPPINES’ financial system was put on to heightened alert against laundered cash just as the country entered into its long Easter holidays, at the request of the Malaysian central bank, which said it had foiled a major cyber heist attempt last week.