New rule for cash deposit machines from November 15th

13 Sept 12:52 Key points summarised by AI

Starting November 15th, cash deposits via CDMs in Thailand will require identification by inserting a credit/debit card and entering a PIN.
The Anti-Money Laundering Office (AMLO) implemented this measure to combat money laundering from illegal activities like drug trafficking and gambling.
Customers without a debit/credit card can deposit with bank tellers by showing an ID, but this will incur service charges.
Many bank customers have expressed strong disagreement, citing increased inconvenience and the financial burden of needing to apply for debit cards.
Eleven commercial banks, including Krung Thai Bank, Siam Commercial Bank, and Kasikorn Bank, have approved the new regulation.

European protests could raise costs for Thai exporters

25 Oct 17:46 Key points summarised by AI

The Commerce Ministry warns that ongoing protests across six European countries, driven by cost-of-living concerns, could weaken consumer purchasing power, disrupt logistics, and elevate costs for Thai exporters.
Thai exporters are advised to closely monitor developments, explore alternative markets (ASEAN, South Asia, Middle East), and adjust shipping routes to reduce dependence on Europe and mitigate potential risks.