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Bangkok

Cash deposits over B5m to face mandatory disclosure

Customers depositing more than 5 million baht in cash will be required to disclose the source of the funds from the fourth quarter as part of tighter measures to curb the grey economy and illicit financial activities, according to Bank of Thailand governor Vitai Ratanakorn

Thailand inflation outlook improving

Inflation ⁠in Thailand is likely to be below the Bank of Thailand’s forecast ​of 2. 8% this year and to ‌ease further next year, governor Vitai Ratanakorn said on Saturday.

Ministry restructuring a tourism priority

When the Bhumjaithai Party assumed government leadership earlier this year, one of its key tourism priorities was to restructure the Tourism and Sports Ministry, creating a dedicated Sports Ministry and merging the Tourism and Culture ministries