Financial Institutions Ready to Comply with Debt Reduction Measures
Financial Institutions expressed readiness to comply with measures to reduce household debt that is set to begin next year. The Bank of Thailand will commence with persistent debt (PD) for revolving personal loans as part of the household debt settlement plan and will encourage performing loan debtors to take part…
MEA Unveils Ambitious Plan for Underground City’s Electrical Wires
The Metropolitan Electricity Authority (MEA) has announced a transformative plan to enhance the city’s landscape by burying a staggering 1,454 kilometers of electrical wires underground over the next decade. With the goal of serving more than 14 million people residing in Bangkok, Nonthaburi, and Samut Prakan, the agency aims to…
Visit of External Affairs Minister to Indonesia and Thailand (July 12-18, 2023)
2 Comments on Visit of External Affairs Minister to Indonesia and Thailand (July 12-18, 2023)
External Affairs Minister S Jaishankar External Affairs Minister, Dr. S. Jaishankar will visit Jakarta, Indonesia for the Foreign Ministers’ Meetings under the ASEAN framework in the format – ASEAN-India, East Asia Summit and ASEAN Regional Forum, scheduled on 13-14 July 2023. He will also hold bilateral meetings with his counterparts…
Thai E-commerce Market Set to Hit 7 Trillion Baht by 2023
1 Comment on Thai E-commerce Market Set to Hit 7 Trillion Baht by 2023
According to a recent study by Krungthai Bank, the count of internet users in Thailand has experienced a significant increase of 13.7 million individuals over the previous five years, culminating in a total of 61.2 million internet subscribers. The usage of social media is increasing, with platforms like Facebook and…
Time zones: Impact on International Money Transfers
Time zones play a crucial role in the world of international finance, impacting the smooth flow of money across borders. Here are some ways in which time zones can affect these transactions. • Processing Times : Banks have specific processing hours based on time zones. Transfers initiated outside these hours…
DeeMoney serves both individual and business customers
If you’re in search of an outstanding international money transfer service, there’s no need to continue your search beyond “DeeMoney” We have been granted 4 licences by the Bank of Thailand to facilitate international money transfers for both individual and business customers. Have a question? Ask away! Customer support: 02…