Logo of Phnom Penh Post newspaper Phnom Penh Post - Bangkok banking goes regional

Bangkok banking goes regional

Bangkok banking goes regional

Thailand will soon invite more foreign banks to apply for offshore banking licenses

as part of its bid to become a regional financial center.

Some 47 foreign and domestic banks hold licenses to lend offshore funds both to Thai

clients and to other countries in the region.

Bank of Thailand deputy-governor Rerngchai Marakanonda said banks already operating

will be allowed a greater scope of operations. Without specifying a date, he said

they will be allowed to open sub-branches and trade in Thai baht. - AP


  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • Ministry’s plan for net sparks fears

    The government has ordered all domestic and international internet traffic in the Kingdom to pass through a Data Management Centre (DMC) that has been newly created by the state-owned Telecom Cambodia, in a move some have claimed is an attempt to censor government critics. Spokesman