"ThaiBMA"

The new Covid-19 outbreak will have not affect the Thai bond market, the Thai Bond Market Association (ThaiBMA) said on Wednesday.

The Federation of Thai Capital Market Organisations (Fetco) will seek a change in Super Savings Funds (SSFs) regulations to attract more investors.

Toyota Leasing (Thailand) Co Ltd has become the first corporate bond issuer on a blockchain platform supported by the Thai Bond Market Association, Securities and Exchange Commission (SEC) and Bank of Thailand.

The Thailand Bond Market Association(ThaiBMA) plans to issue cryptocurrency to facilitate bond trading, making it less costly and more convenient, president Tada Phutthitada said.

The Thai Bond Market Association (ThaiBMA) has said that guidelines are being drafted on reserve funding for corporate bonds, which were expected to be effective at the end of the year, while the IFRS 9 will be effective next year.

The Thai Bond Market Association (ThaiBMA) will ask the Finance Ministry to relax the regulations for tax collection on debentures. The association found that the complicated measures have affected the returns of investors. They suggested that tax collection should begin on the date of issue as opposed to the day of holding, said Tada Phutthitada, the ThaiBMA’s president.

RETAIL investors in Thailand hold too much in debentures, leaving them exposed to default and timing risks, Tada Phutthitada, president of the Thai Bond Market Association (ThaiBMA), warned yesterday.