This aerial photo taken on May 17, 2024 shows a general view of the Bhumibol bridge (left) over the Chao Phraya river and an under-construction high-rise building (right) in the backdrop of Bangkok's skyline. - Photo: AFP
BANGKOK: Thailand is planning to introduce a new financial business law to attract foreign funds and facilitate investment in the sector, a deputy finance minister said on Friday (July 19).
The law will create a 'one-stop authority' agency responsible for setting regulations and issuing licences for key financial areas to support Thailand's aim to become a global financial center, Paopoom Rojanasakul told a business event.
The key areas are the banking sector, securities, derivatives, digital assets, and insurance, he said, and the government would put legislation to parliament later this year.
Becoming a financial center would change the economic structure without having to use an investment budget, and will give enormous returns by attracting funds, people, and knowledge to the country, Prime Minister Srettha Thavisin told the event. - Reuters
