Personal Finance
Thailand Plans Financial Service Agency to Draw Foreign Fund
- One-stop center will support banks, brokers, digital assets
- New law will boost goal of being a ‘regional financial hub’
The Bank of Thailand complex in Bangkok.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
Thailand said it will create a one-stop agency for integrated financial services to be more competitive in attracting foreign funds and investors, and will soon draft a law that will help position the country as a regional financial hub.
The new agency will issue licenses for banking, securities, insurance, digital assets and forward contracts for foreign companies, Deputy Finance Minister Paopoom Rojanasakul said at a briefing Friday. It will also deal with services for foreign businesses, such as work permits and tax incentives.