Thailand's payments system, businesses operating normally after quake

Tuesday, 01/04/2025

Financial institutions continue to provide normal services for both retail and corporate clients, Deputy Governor of the the Bank of Thailand Roong Mallikamas said on March 31, describing the impact as a “short-term shock".

*Rescuers work at the site of a damaged building, in the aftermath of a strong earthquake, in Mandalay, Myanmar, on March 30, 2025. (Photo: REUTERS)*

Financial institutions continue to provide normal services for both retail and corporate clients, BoT Deputy Governor Roong Mallikamas said on March 31, describing the impact as a “short-term shock".

The Federation of Thai Industries confirmed that manufacturing and exports had not been impacted, while Thai-Myanmar border trade remained normal.

Asadej Kongsiri, President of Stock Exchange of Thailand, said listed companies' fundamentals remained strong, and businesses were managing the situation efficiently.

The Securities and Exchange Commission of Thailand assured that trading systems remained fully operational. Meanwhile, the Office of Insurance Commission said the financial status of insurance companies is strong and can withstand the financial impact of collapsed buildings and earthquakes./.

VNA

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