Thailand Liberalizes Foreign Bank Branches

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 25 Mar 2011 | 6:00 am

In significant market liberalization move the Bank of Thailand has approved overseas banks the ability to open two more branches within 2011.

There remains a request by foreign banking institutions to open up to 20 branches over the next two years. This is currently under consideration with the Central Bank.

For Phuket this would be a significant development as it would allow banks such as HSBC the ability to open both personal and business banking services on the island.

For now its baby steps toward broader market reform.

DO YOU LIKE THIS?

Insider up to the Minute

Cool Hunting - On the Web

Get out of the box. komune Bali surf resort
www.komuneresorts.com

Uber ultra villa holidays
exclusiveresorts.com

Art, design and just too cool Bali-style
www.theyakmag.com

PHUKET WEATHER

The Green Report

A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:

TV Show Features Phuket Solar Villa

A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.

Resorts Loving Evening Breeze Natural Air System

The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.