Prime Minister Prayut Chan-o-cha has ordered all relevant officials to keep an eye on the impact of the collapse of Silvergate Bank and Silicon Valley Bank (SVB) in the United States on Thailand’s financial system.
Traisuree Taisaranakul, a deputy government spokeswoman said on Monday that the collapse of the two banks in the US last week caused fluctuations worldwide in money and capital markets, but was unlikely to have any impact on the Thai economy.
Thai financial institutions neither invested in nor made any transactions through the two banks, she said.
The impact on the financial sector of the US was expected to be limited…
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