Bank of Thailand eases loan restrictions for investment in GMS
Bank of Thailand aims to liberalise banking activities by broadening cross-border banking networks, governor says
The Bank of Thailand has relaxed regulations in an effort to accommodate investors in the Greater Mekong Subregion (GMS), its governor said today (May 26).
Speaking at an investment forum, Veerathai Santiprabhob said the Bank of Thailand is permitting investors to take loans from Thai banks for direct investment in the GMS without a cap.
"We also lifted the cap on outflows of transporting baht in cash to GMS countries from half a million baht [$14,000] to 2 million baht per trip," he added.
The
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