New measure introduced to protect mobile banking customers

14 Sept 02:50 Key points summarised by AI

The Ministry of Digital Economy and Society (DES) mandates that mobile banking customer names must match SIM card registrations for activation, effective immediately.
This new measure directly targets scammers utilizing 'ghost' SIM cards and 'mule' bank accounts to commit fraud.
Approximately 30 million existing mobile banking users with mismatched names will need to update their SIM registration; the DES anticipates deactivating 100,000 'mule' bank accounts monthly.
Further discussions are planned to tighten measures against 'mule' accounts linked to skeleton companies, complementing ongoing efforts by commercial banks to enhance security, including biometrics for large transfers.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).