Tags : Currency

Asia

Toilet at South Korean University Turns Poop Into Energy &

Cho Jae-weon, a professor of environmental engineering at the Ulsan National Institute of Science and Technology (UNIST) in South Korea, has designed a device that produces energy from human faeces, and rewards those who use it. The device is a toilet that sends poop to an underground tank where it’s broken down by microorganisms into […]Read More

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The rewards (and risks) of Thailand’s big bet on cryptocurrency

As more people and businesses invest in digital currencies, the Bank of Thailand (BOT) faces the delicate task of trying to balance financial stability and investor protection on the one hand while promoting innovation in financial services on the other. Determined to push ahead, the BOT began piloting its own prototype digital currency scheme last […]Read More

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FTI hopes for further cut in policy interest rate to

The Federation of Thai Industries (FTI) is hoping that the Monetary Policy Committee of the Bank of Thailand will make another cut in the policy interest rate, currently set at 1.5%, to prevent the baht currency from strengthening further. FTI vice president Mr. Kriangkrai Thiennukul said today that the FTI is seriously concerned that several […]Read More

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BOT urges hedging to counter unpredictable baht

The Bank of Thailand (BOT), under pressure to make a further cut to its policy rate, has warned businesses that the stubbornly strong baht could move in either direction despite this week’s action to reduce the benchmark rate. The central bank’s assistant governor, Chantavarn Sucharitakul, on Friday issued the statement that the currency could move […]Read More

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KBank sees strong baht until year-end

The baht is expected to remain firm to the US dollar for the remainder of this year as offshore funds continue flowing into long-term Thai bonds, even though the Bank of Thailand recently imposed measures to curb the inflows, says a Kasikornbank (KBank) senior executive. The central bank’s measure to narrow the cap on the […]Read More

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Baht drops slightly after central bank’s ‘warning shot’

The central bank’s move to curb the rising baht is just a warning shot and will have little impact on the currency’s value or on the bond and stock markets, analysts said. The Bank of Thailand (BOT) took the first step on Friday by reducing the amount of baht accounts held by foreign investors and […]Read More

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Central bank takes measures to deal with baht speculation

The Bank of Thailand is concerned about the rapid appreciation of the baht currency and has taken measures to curb speculative hot-money inflows, Assistant Governor Vachira Arromdee said today (Friday). Effective July 22nd, limits on the outstanding balance of non-resident baht accounts (NRBA) and the non-resident baht accounts for securities (NRBS), which are opened with […]Read More

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Central Bank Studies Facebook’s Libra

BANGKOK, July 5 (TNA) – The Bank of Thailand or BoT forms a committee to study the Libra digital currency of Facebook and is discussing the issue with concerned parties. Siritida Panomwon Na Ayudhya, BoT assistant governor for payment systems policy and financial technology, said BoT understood Facebook’s intention to facilitate worldwide payments and provide […]Read More