Thailand Tightens Reporting on Non-Resident Cash Inflows to Manage Baht

BANGKOK – Thailand is implementing stricter monitoring of capital inflows from non-residents as part of a broader effort by the central bank to manage the rapid appreciation of the baht. Starting Monday, Thai banks will be required to report any non-resident capital inflows exceeding $200,000, including the purpose and supporting documentation. Thai Baht Hits Four-Year […]

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Thailand’s national lottery to stop paying out prizes in cash

The Government Lottery Office has stopped paying out lottery prizes in cash, effective today (Saturday). Winners can instead claim their prize money through one of three channels, according to government deputy spokesperson Traisuree Traisoranakul. Hardscrabble lottery vendors hit by digital revolution The winners can have the money transferred to their bank accounts, except when the […]

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