MyCCPay: Credit Card Payments Simplified

For many of us, making credit card payments can be a confusing and time-consuming process. MyCCPay is here to simplify things! With our easy-to-use platform, you can make credit card payments quickly and easily, without all the hassle.

What is MyCCPay?

MyCCPay is a credit card payment service that simplifies the process of making payments. It allows users to make payments using their credit cards without having to go through a bank or other financial institution. MyCCPay is a safe and secure way to make payments, and it is available to anyone with a credit card.

How to Use MyCCPay

Making credit card payments can be a hassle, but MyCCPay makes it simple. Just follow these easy steps:

1. Enter your credit card information.
2. Review and confirm your payment amount.
3. Click submit and you’re done!

It’s that easy! MyCCPay makes paying your credit card bills a breeze, so you can focus on more important things.

Pros and Cons of MyCCPay

Making credit card payments can be a hassle, but there are a few payment processors that aim to make the process simpler. One such processor is MyCCPay. In this blog post, we’ll take a look at the pros and cons of using MyCCPay to make your credit card payments.


-MyCCPay is one of the easiest ways to pay your credit card bills online. All you need is your account number and routing number, and you can set up automatic payments with just a few clicks.

-MyCCPay offers competitive rates and fees. There are no hidden costs or surprises with this processor.

-MyCCPay is a great option if you have multiple credit cards from different issuers. You can link all of your cards to one account and make payments in one place.


-MyCCPay doesn’t offer any rewards or points for using their service. If you’re looking to earn rewards on your credit card spending, you’ll need to use another payment method.

-MyCCPay isn’t accepted by all credit card issuers. If your issuer isn’t supported, you’ll need to find another way to make your payment

Alternatives to MyCCPay

If you’re looking for an alternative to MyCCPay, consider these options:

-PayPal: One of the most popular online payment processors, PayPal offers a variety of features and options for making credit card payments.

-Google Checkout: Another major online payment processor, Google Checkout offers a streamlined process for making credit card payments.

-Amazon Payments: Amazon’s payment processing service offers a convenient way to pay for purchases made on the Amazon website.


If you’re looking for a way to make credit card payments simpler and easier, MyCCPay is definitely worth checking out. With its user-friendly interface and convenient features, it’s a great option for anyone who wants to streamline their credit card payment process. Plus, the fact that it’s free to use makes it even more appealing. So if you’re tired of dealing with the hassle of traditional credit card payments, give MyCCPay a try – you might be surprised at how much easier it is to use.

Do you need a credit card to use MyCCPay?

No, you only need a credit card to use MyCCPay if it is your payment method. We allow users to choose from multiple payment types and don’t require a credit card for any of them.

Why would I want to use MyCCPay over a bank?

The convenience of using MyCCPay is a major benefit. Users can pay their bills, mortgages, and debts by using the credit card that they already have.

How do I get an account with MyCCPay?

It is simple to sign up for MyCCPay with our quick and easy registration form. Just enter your email address and you will be sent a verification link to confirm your account. Once confirmed, you can login to your account and make payments as usual.

MyCCPay charges a fee for use. What are the payment methods offered?

MyCCPay does charge a fee for their service. This fee is already included in the price of each item you purchase on your credit card. You can always find the fees by looking it up on your credit card statement.

How long can the Bank of Thailand be at fault?

How long can the Bank of Thailand be at fault?

The Federal Reserve raised its benchmark interest rate in June, and the central banks of the United Kingdom and Switzerland followed suit, so how long can a Thai bank swim against the current rate of global rate hike?

BOT is one of the few major Asian central banks to keep rates below record lows since the onset of the epidemic, but it has recently signaled a change in policy as inflation reached a nearly 14-year high in May.

At the Monetary Policy Committee (MPC) meeting on June 8, 2022, the MPC voted to maintain the policy rate at 0.5%, but it was a close split decision andree members voted to increase the policy rate by 0.25 percentage points.

The Thai economy will recover faster than expected

Furthermore, the committee acknowledged in its comments that the Thai economy will continue to recover and may expand faster than previously expected due to strong domestic demand and the pickup of foreign tourists. The committee further considered that a very favorable monetary policy would require less in the future.

Jeremy Zuck, Asia-Pacific Sovereign Director at Fitch, said in his presentation last week that he expects Thailand to grow 3.2% of GDP in 2022 and 4.5% in 2023, which will be affected by steady growth in tourism and domestic demand.

Meanwhile, the yield on Thai government bonds has been rising in line with Thailand’s monetary policy normalization and US Treasury yield expectations. Since the beginning of 2022, the yield on 2-year Thai government bonds has risen 109 bps to 1.7%, while the yield on 10-year Thai government bonds has risen 94 bps to 2.8%.

The EIC expects the MPC policy rate to increase by 0.75%

In a recent article, the EIC (SCB Economic Intelligence Center) expects the MPC to raise the policy rate to 0.75% in 3/2022, reflecting the committee’s assessment that the Thai economy will expand faster than expected and lead to inflation. Grow and stay improved.

The EIC thus expects the MPC to increase the policy rate by 25 bps in Q3 to reduce the degree of accommodation of an ultra-simple monetary policy due to the following reasons

SCB Economic Intelligence Center

Rising inflation

The BOT has forecast inflation of 6.2% this year and 2.5% next year and economic growth of 3.3% in 2022 and 4.2% in 2023. But BoT’s dual attitude has increased the cost of living for families. Mostly driven by fuel and food costs.

The weakness of the baht, which was once welcomed for growth in an export-dependent economy, has become a source of concern for Thai policymakers as it already raises rising import costs and hurts families, in addition to prolonging war between Russia and Ukraine Can

The success of the Virgin Orbit mission has brought the UK launch one step closer

The success of the Virgin Orbit mission has brought the UK launch one step closer

The next satellite launch of Virgin Orbit will take place from the UK, following the success of the “Straight Up” mission, which began today in Mozave, California.

Science Minister George Freeman and the UK Space Agency have welcomed the news that Virgin Orbit has successfully completed its fourth mission from California and its first night launch.

With the completion of this mission, Virgin Orbit is on its way to launch from Spaceport Cornwall later this year. With the UK Space Agency and Cornwall Council assisting in the launch, Spaceport Cornwall is set to create 150 jobs in the local area.

Science Minister George Freeman said: “Congratulations to Virgin Orbit on another successful U.S. mission that demonstrates the ability of an innovative launch platform to put satellites into orbit day or night. Incredible.

“We are in a strong position to capitalize on the growing global demand for small satellite launches and to keep space and our planet sustainable for future generations.”

Matthew Archer, director of commercial spaceflight at the UK Space Agency, who joined the Virgin Orbit team for the launch from Mozambique Air and Space Port, said: Working and standing next to our partners to witness another successful launch for the team is a matter of specialty.

“The UK is home to some of the world’s leading satellite manufacturers, who are currently shipping their products abroad for launch. We support spaceport and launch operators by providing services across the UK and building a new domestic launch market by catalyzing investment from around the world. ”

Today’s Virgin Orbit mission has launched seven satellites on behalf of the U.S. Space Force that will test space-based communications, space navigation and climate change.

Several national and international satellites have also been confirmed for the first UK launch later this year, with customers including Space Forge, Satellite Application Catapult and Horizon Technologies, MOD, DSTL and the US National Reconnaissance Office and the Sultanate of Oman.

Unlike many rockets, Virgin Orbit’s Launcher One flies horizontally, carried by a modified Boeing 747 aircraft called Cosmic Girl.
This was Virgin Orbit’s fourth commercial flight. After launching from Mozave Air and Space Port in California, the company launched its first satellite into space in January 2021.

Melissa Thorpe, head of Spaceport Cornwall, said: “The success of this latest launch in California has been very fruitful for Spaceport Cornwall and the UK space sector. It was amazing to see both the Virgin Orbit team and our team working together to reflect U.S. activities in real-time – to make sure we were mission-ready for the summer. It gave us a taste of what was going to happen in front of us and our team could not be more excited. “

The UK government’s National Space Strategy determines how the UK will become the first country in Europe to launch a satellite into orbit in 2022. Spaceport Cornwall is one of seven potential spaceport sites across the UK that will help cement the UK’s role as a science superpower. And help bring a wave of innovation across the country.
The name of the launch, “Straight Up”, is inspired by the song by American singer Paula Abdul with that title, from her album Forever Your Girl.

Sustainable-linked bonds: a financing solution for emerging markets?

Sustainable-linked bonds: a financing solution for emerging markets?

Emerging markets are using the Environmental, Social and Governance (ESG) metrics to raise debt and finance their energy transformation, with Chile recently becoming the first country to issue bonds specifically tied to sustainable goals.

  • – Chile launched the world’s first sovereign durable-linked bond earlier this year
  • – Growing trend of providing climate-friendly loans in emerging markets
  • – Total sustainable debt reached a record $ 1.2trn in 2021

Chile, which was hit by a decade-long drought in early March, sold মার্কিন 2 billion in US dollar-rich sustainability-linked bonds (SLBs), becoming the first sovereign to do so.

Unlike other types of green bonds that raise money for environmentally friendly developments such as solar and wind power projects, SLB encourages climate-positive solutions that include many environmental objectives, including a series of penalties for issuers if they fail. Meeting goals.

In the case of Chile, the bond stipulates that the country will not emit more than 95 tons and equivalent of carbon dioxide by 2030 and that by 2032 60% of its electricity generation should come from renewable sources.

Although sovereign bonds have been slow to enter the market, the SLB segment is one of the fastest growing sectors of ESG finance.

Since the launch of the first performance-connected structure by Italian energy giant Enel in late 2019, according to Bloomberg, the SLB issuance pipeline has grown dramatically, from $ 11bn in 2020 to a record $ 110bn last year. The international credit rating agency Moody’s has predicted that this number will reach 200 200 billion by 2022.

Innovative loan solutions gain traction

Chile’s SLB issue is an example of how emerging markets are experimenting with innovative, environmentally friendly financing tools.

As OBG reported, in September last year the Belizean government introduced a debt exchange for nature to restructure its only sovereign bond.

The deal saw Belize buy back its debt at a significant discount – $ 0.55 cents per $ 1 – in exchange for increasing its efforts to protect the marine environment.

Preserving the marine ecosystem is key to Belize’s environment as well as its economy, and the agreement demonstrates the opportunity to combine financial, economic and environmental goals.

The country is home to the world’s second-largest barrier reef, and its 125-meter-deep blue hole is considered the world’s best diving site. Tourism accounts for about 40% of its GDP and workforce, while the fishing industry employs another 10%.

Although this was not the first debt-nature swap – Bolivia signed its first such agreement in 1987 – the development is an example of a increasingly diverse way in which emerging markets seek to raise funds, especially with the increasing international focus on ESG.

Another environmentally friendly form of money is the blue bond. Like green bonds, blue bonds are instruments of debt issued to support sea-friendly enterprises and investments in so-called blue economies.

The world’s first sovereign blue bond was launched in 2018, when Seychelles raised m 15m from international investors to help expand the maritime region and improve governance in its fisheries industry.

Since then a number of institutions – including Nordic Investment Bank and Morgan Stanley – have launched blue bonds. In September last year, the Asian Development Bank issued its first Blue Bond, a 1 151m, 15-year instrument that will finance ocean-related projects in Asia and the Pacific.

Sustainable financing has reached new heights

The expansion of the sustainable finance offer reflects the growth of the larger ESG finance market.

According to the Climate Bond Initiative (CBI), total durable debt reached a record $ 1.2 trillion last year.

It was initially driven by the green bond market, which reached a historic high of 17 517.4bn, almost double the 2020 total of $ 270bn. The CBI has predicted that this number could reach $ 1 trillion this year.

Social, sustainability and transition bonds also recorded significant growth by 2021.

Although Europe, North America and China are leaders on this front, several emerging markets are making substantial contributions.

Chile, having stopped selling its recent SLB, has proven itself as a regional pioneer. According to the CBI, the government is the largest issuer of ESG bonds in Latin America with a total value of $ 33bn, and the only country in the world to issue green bonds, social bonds and SLBs, according to the CBI.

Elsewhere in April, The Red Sea Development Company, the developer of the Saudi tourism project, secured an SR14.1bn (3.8bn) green bond from four Saudi banks, the fund dedicated to building 16 renewable energy-powered hotels across the country.

Meanwhile, as a sign of the green potential of Islamic financing, in June Indonesia raised $ 3 billion in sovereign sukuk (Islamic bonds) that would help finance sustainable development projects in the country.

As countries continue their recovery from the Covid-19 epidemic and seek to pursue a carbon-neutral future, innovative sustainable-centric lending instruments can be an attractive solution for governments in many emerging markets – both from a financial and policy perspective.

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How to buy gold online

How to buy gold online

Due to the growing volatility of the stock market and political instability, more and more investors are turning to precious metals to diversify their investment portfolios. Gold, which has historically held its value during times of change in large stock markets, has been shown to be a successful inflation hedge.

Physical gold ownership is generally preferred for long-term investors rather than holding gold mining equity, gold receipts or gold ETFs. Thanks to the establishment of online gold traders it was not easy to buy high-quality physically precious metals and take them home or keep them in a safe vault. However, sometimes there are reports of counterfeit coins or gold being offered online, so you need to make sure you are buying from a reputable seller.

This guide will take you through buying gold online from dealers with a clear track record.

The best place to buy gold online

1. JM Bullion

Our vote for an online gold seller with the best services is JM Bullion, which offers its clients a user-friendly website, a fair price structure, promising customer service and investor-friendly features.

Since its inception in 2011, JM Bullion has expanded significantly, earning the title of “Fast-Growing Precious Metals Company” in the United States. This expansion is attributed to JM Bullion’s dedication to providing a wide range of products, honest pricing, dedicated customer support and easy ordering experience. This makes it worthy as our top pick for the best customer experience among online gold traders.

A JM Bullion advisor can help those who want to invest to start a precious metal IRA by forwarding their earned gold to the account of their choice and providing more information about the process.

The company is recognized by BBB and is considered the top U.S. supplier of precious metals investments.

2. Money Metal Exchange

This is the next best place to buy gold online. Through Money Metal Exchange, a nationwide bullion broker, clients can buy, sell and own investment-grade metals.

Cryptocurrencies such as cash or various payment methods, such as wire transfers, checks, credit / debit cards, digital fund transfers, and bitcoin, can be used by customers to make purchases.

3. Acres of gold

The company Acre, which manages Acre Gold, promotes itself as a brand that helps consumers find and acquire precious metals. The business believes that gold buying techniques are ancient and often confined to unreliable e-commerce sites or pan shops. In times of economic crisis, Acre, including offices in Santa Monica and Boise, Idaho, California, is a company that believes that real gold ownership can provide vital security and peace of mind.

This is our third choice best place to buy gold online.

How to buy gold from JM Bullion

The first time you submit the weight and information of your boolean, a quote is given. You guarantee the offer when you check out, which means you will be paid the agreed amount if it matches your product description. You will then receive email instructions on how to package and ship the products.

The transaction is finalized, and is paid for by your JM Boolean inventory staff once your boolean has been received and verified. Depending on where you live, the whole process takes a few days.

If you use automated buy-back services, you may discover that not everything has a fixed price; In this case, you must call or email a specialist. Everything else is the same as before. The only difference is that you need to contact the company representatives to know more about the cost.

Start with JM Bullion

If you personally decide not to store your precious metals, JM Bullion has partnered with the Transcontinental Depository Services (TDS) Vault to guarantee their safety.

TDS is located in Singapore, Zurich, Las Vegas and Toronto.

When you buy precious metals from JM Bullion, all you have to do is open an account with TDS, choose one of their four storage facilities and keep the metals safe there.

TDS offers two types of insurance. They are covered by vault insurance and a commercial “all-risk” insurance coverage for the metals in their hands.

Return Policy

JM Boolean provides a five-day return window, but they do not specify if there is a fee to repost.

Customers will not purchase any refunds less than $ 1,000 and will be liable for any market losses due to returns.

On the website, you can see a list of their buyback prices.

Payment options

JM Bullion supports a variety of payment options:

  • PayPal
  • Credit card
  • E-check
  • Wire transfer

They even allow purchases using the well-known cryptocurrencies Bitcoin and Etherium. Customers will notice that different rates will apply to different payment options.

They offer discounts for bulk purchases for military members.

JM Bullion does not charge additional commissions or fees; Instead, they make money by adding a small spread to the market rate.

They offer free delivery for orders over $ 199. However, customers who wish to receive their bullion and other metals will be charged for their delivery. For small orders, they charge 7.99.

Their prices for gold and other precious metals, including market prices, are posted on the pages of various websites.

Corporate confidence hits 15-month low

Corporate confidence hits 15-month low

Business confidence has fallen to a 15-month low as rising inflation and corresponding living expenses have put pressure on executives.

According to a long-term monthly survey by Lloyds Banking Group, corporate sentiment has fallen to its lowest point since March 2021 this month, when the UK economy is emerging from the second wave of Covid-19.

The bank said employers were “broadly positive” while they “face a number of challenges ahead, including concerns about high costs and slow demand”.

“If these trends continue, businesses may have a lower chance of passing at higher costs to support their margins,” said Han-Xu Ho, a senior economist at Lloyds.

Despite the decline, business confidence levels were close to the long-term average for the survey, which began in 2002.

Business confidence seems to be more resilient among consumers than economic sentiment.

Confidence in the family has fallen to record lows this month as it struggles with the cost of living and the possibility of months of strikes.

Last week, GfK, a market research firm, said its consumer sentiment index, launched 48 years ago, fell to -41 in June – from -40 in May, below the previous level of the previous recession.

The consumer price index, the key measure of inflation, is the highest in 40 years. The Federation of Small Businesses, Britain’s largest employers’ group, has warned that companies are “doing what they can to absorb higher inputs, labor and energy costs, but only so much”.

Lloyds said citing optimism about their business prospects, the proportion of companies fell from 56 percent in May to 49 percent this month, while those who were less optimistic saw their shares rise from 23 percent to 27 percent.

Confidence fell in June for the third time in four months, Lloyds said, although 56 percent of businesses plan to raise their prices next year, slightly lower than in May.

Confidence in the services sector has fallen to its lowest level in a year, reflecting the weakness of hospitality, Lloyds said, although it was offset by strong confidence in business services.

Recruitment intentions have declined somewhat but expectations of wage increases are much higher. A separate study from CWJobs, a technology jobs platform, found that employees remained “confident in their ability to call shots and discuss salary increases and promotions, despite widespread market uncertainty.”

The Lloyds survey found that the biggest regional declines in business confidence were in London and the West Midlands.

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The Office for National Statistics said this month that input inflation was the main concern reported by businesses looking to July.

Supply chain problems remain widespread. The statistics agency found that in May, one in five companies reported that they were either unable to get the necessary goods, products or services from within the UK, or had to change suppliers or find alternative solutions to do so.

Lloyds surveyed 1,200 companies with annual sales of more than £ 250,000 and its research aims to provide early signs of economic trends.

COVID-19 led to a global rise in the use of digital payments

COVID-19 led to a global rise in the use of digital payments

Washington, June 29, 2022—Kovid-19 epidemic encourages financial inclusion মধ্যে Digital payments are growing exponentially amid the global expansion of formal financial services.

According to the Global Findex 2021 database, this expansion has created new economic opportunities, narrowed the gender gap in account ownership, and created resilience at the family level to better manage financial shocks.

The epidemic has led to an increase in the use of digital payments. In low- and middle-income economies (excluding China), more than 40% of adults who made a payment using a card, phone, or Internet store or made an online payment did so for the first time since the epidemic began.

The same is true for more than a third of adults in all low- and middle-income economies who have paid a utility bill directly from a formal account. In India, more than 80 million adults paid their first digital merchant money since the epidemic began, while in China more than 100 million adults did.

In East Asia and the Pacific, financial inclusion is a two-part story

Inside East Asia and the Pacific Ocean, Financial inclusion is a two-part story of what is happening between China vs. other economies in the region. In China, 89% of adults have an account, and 82% of adults use it to pay digital merchants.

In the rest of the region, 59% of adults have an account and 23% of adults have made digital merchant payments – of which 54% have done so for the first time since the outbreak of the COVID-19 epidemic. Cambodia, Myanmar, the Philippines and Thailand have achieved double-digit increases in account ownership, while the gender gap across the region is lower, at 3 percentage points, but the gap between poor and rich adults is 10 percentage points.

Two-thirds of adults worldwide now make or receive digital payments

With two-thirds of adults worldwide now making or receiving digital payments, participation in the developing economy has risen from 35% in 2014 to 57% in 2021. In developing economies, 71% have an account with a bank, other financial institution or with a mobile money provider, up from 63% in 2017 and 42% in 2011. Mobile money accounts have seen a huge increase in financial inclusion in sub-Saharan Africa.

“The digital revolution has catalyzed the growth of access and use of financial services around the world, the way people pay and receive, borrow and save.” Says David Malpas, President of the World Bank Group. “Creating a viable policy environment, promoting the digitization of payments, and further expanding access to formal accounts and financial services among women and the poor are some policy priorities to mitigate developmental reversals from the ongoing overlapping crisis.”

For the first time since the launch of the Global Findex database in 2011, surveys have found that the gender gap in account ownership has narrowed, helping women gain more privacy, security and control over their finances. Since the last survey round in 2017, the gap has narrowed from 7 to 4 percentage points worldwide and from 9 to 6 percentage points in low- and middle-income countries.

About 36% of adults in developing economies now receive a wage or government payment, payment for the sale of agricultural products, or a domestic remittance payment to an account. Data shows that people who pay into one account instead of cash can start using the formal financial system – when people receive digital payments, 83% also use their accounts to pay digitally. About two-thirds used their accounts for cash management, while about 40% used to save – further boosting the financial ecosystem.

Despite progress, many adults around the world still lack a reliable source of emergency money. Nearly half of adults in low- and middle-income economies say they can access extra money with little or no difficulty during emergencies, and they usually return to unreliable sources of money, including family and friends.

Borrow a boat, the crowdfund has raised more than 3 million pounds

Borrow a boat, the crowdfund has raised more than 3 million pounds

The UK’s leading boat rental and yacht charter marketplace, Boat A Boat, has closed its most successful crowdfunding round to date, raising £ 3,017,030 from 670 investors.

This increase brings the total lifetime crowdfunding of the business to over মোট 7.8 million.

Founded in 2017, Borrow A Boat has access to more than 45,000 boat rentals and yacht charters in more than 65 countries, including the UK, the Mediterranean, the Caribbean, North America and Southeast Asia.

This growth follows growth and accelerating revenue in 2022, expanding to several new countries and three acquisitions of competing Helm, Barco and Beds on Board in the last 12 months. The business is currently planning a boat charter marketplace – the first in the world in an IPO.

Matt Owenden, CEO and founder of Borough A Boat, said: “In 2017, when the Borough A Boat was launched, the yacht charter industry was stagnant.

“We have always believed that boat rental should be as easy as booking a hotel, flight or train, so the upcoming market revolution sees an opportunity for both boat owners and customers.

“Despite launching this round in the context of rising interest rates, inflation and the risk of a recession, we have now successfully completed our largest increase, bringing our lifetime crowdfunding to a total of 7.8 million.

“The huge success of this crowdfund, 402% of the target, is a clear recognition of our growth and progress towards making boating accessible to all. It shows support from investors for our plan to expand the marketplace internationally.

“We will continue to innovate and disrupt in the future – to make boating more accessible, affordable, flexible and inclusive for everyone, to help drive participation and to make it easier to rent a boat wherever you are in the world.”

Fitch maintains Thailand’s credit rating on BBB + with a stable outlook

Fitch maintains Thailand’s credit rating on BBB + with a stable outlook

Fitch ratings confirm Thailand’s long-term foreign exchange issuer default rating (IDR) on ‘BBB +’ with a stable outlook.

A complete list of rating actions is at the end of this rating action comment.

The original rating driver

Strong external, structural limitations

Thailand’s ratings are based on the country’s sustainable external financial strength and strong macroeconomic policy framework. The ratings also reflect weaker structural features than ‘BBB’ peers, including lower per capita incomes and World Bank governance scores. Furthermore, the medium-term prospects for growth and fiscal consolidation are limited by adverse demographic factors and potential stains from the Covid-19 epidemic.

Recovery to strengthen

Fitch predicts the Thai economy will expand by 3.2% in 2022 (BBB Medium: 3.4%), up from 1.5% in 2021, strengthened by improved domestic use, stable-friendly policy settings and a light recovery in inbound tourism. Thailand has relaxed its internal controls and opened its borders to international travelers.

Fitch projects will accelerate GDP growth to 4.5% in 2023 (BBB average: 4.0%), based on the continued recovery of domestic demand and the rapid recovery of domestic tourism. Our baseline expects tourist arrivals to increase to 22 million in 2023, or 55% of its pre-epidemic level, from 6.5 million in 2022. We anticipate that it will take several years for tourism flows to fully recover to pre-epidemic levels, especially given the slow revival of arrivals from China.

Narrow revenue deficit

Fitch predicts that the general government deficit will gradually shrink to 5.3% of GDP (based on official financial statistics) – in the fiscal year ending September 2022 (FY22) (BBB median: 3.9%), and 3.7% in FY23 (BBB median: 3.1%). ), From an estimated 7.0% in FY21. A narrow revenue deficit reflects a measured irregularity of strong revenue collection and epidemic-related economic relief measures. Our expectation for only a moderate fiscal consolidation reflects Thailand’s ongoing economic recovery still at an early stage.

Higher, but stable debt ratio

FYE22 (FYE21: 53.8%) predicts that gross public debt (GGGD) will rise to 55.4% of GDP, largely consistent with the ‘BBB’ median (55.9%). We expect the ratio to rise to 56.6% by FYE26, which is about 21pp higher than its pre-epidemic level. We see the risks of GGGD / GDP only leaning towards a reversed plan for gradual consolidation, especially if the recovery is further prolonged, but the risks are mitigated by the government’s record of financial prudence, deep internal capital markets and a public debt stock. It is mainly financed.

Strong external financial

Thailand’s resilient external position is a key strength, which, in our view, provides a sufficient buffer to handle the harshness of the global financial situation and the larger geopolitical risks. Fitch predicts that Thailand will maintain its large net external creditors position at 41.5% of GDP in 2022, above the projected median level for peers ‘BBB’ (-4.4%) and ‘A’ (-6.2%). We expect USD232 billion foreign exchange reserves by the end of 2022, which is enough for the current 7.8 months of current external payments in 2022, more than the 5.6-month ‘BBB’ average.

Fitch predicts that the current account deficit will shrink from an estimated 2.1% in 2021 to 1.8% of GDP in 2022, reflecting a slight recovery in tourism receipts offset by high energy imports and freight payments. We expect the current account to return to a surplus of 1.0% in 2023 and expand further to 2.8% in 2024, as tourism picks up speed.

Inflationary pressures increase

Fitch project headline inflation will average about 6.0% in 2022, rising to 1.2% in 2021, initially extending to cost-push factors. We expect the Bank of Thailand (BoT) to raise the benchmark interest rate to 25bp on 2H22 after keeping the policy rate at a historic low of 0.5% from May 2020. The BoT has taken a more aggressive stance in recent months, but Fitch believes the rate hike will be slow to avoid a recovery line. We predict that inflation will return to 2.3% in the BoT 1% -3% target band in 2023.

High family debt

Thailand’s household debt rose to 90.1% of GDP at the end of 4Q21. Debt-ridden low-income households and SMEs are hit by the epidemic and remain a source of weakness for the banking sector, if the recovery is prolonged beyond our forecast. Fitch hopes that with the expiration of the regulatory relief system in 2022, the credit crunch of banks will increase, but the pressure on asset quality will be alleviated by adequate debt-loss allowances and capital.

Structural headwinds

The prospect of medium-term growth is dampened by an aging population, which could be further exacerbated by potential economic wounds from the epidemic. The traumatic effects may be manifested through extended periods of increased investment, a slowdown in productivity growth, and a decline in labor efficiency and earnings. To address these potential headwinds, the government seeks to increase productivity by investing in rigid and soft infrastructure and promoting targeted innovation and technology industries.

Elections bring political uncertainty

The forthcoming general election by March 2023 could enter into additional uncertainty around the policy outlook. The election race also carries the risk of escalating political tensions, which could potentially re-emerge in the protests, although we do not expect these risks to impede economic recovery. The outcome of the election remains uncertain, but it could lead to another broad coalition government, which in Fitch’s view could challenge the effectiveness of policy-making.

ESG – Governance

Thailand has an ESG Relevance Score (RS) of ‘5’ and ‘5’ for political stability and rights[+]For rule of law, institutional and regulatory quality and control of corruption. Thesis scores reflect the high weight of the World Bank Governance Indicator (WBGI) in our proprietary sovereign rating model. Thailand has a moderate WBGI ranking in the 45th percentile, which partly reflects good institutional capacity and regulatory quality, and offset rule of law is established by permanent political instability.

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Warehouse robot startup BotsAndUs is raising £ 11m

Warehouse robot startup BotsAndUs is raising £ 11m

Autonomous warehouse robot maker BotsAndUs has raised 13m (10.6m) in a seed round led by Swiss venture capital firm Lexter.

London-based BotsAndUs will use the capital to build its robots that are used to measure, track and identify stock in a warehouse.

Startup robots use artificial intelligence (AI) to create a warehouse digital twin. That mapping data can be used by operators to make them run logistics more efficiently in the warehouse.

BotsAndUs is also looking at international expansion in new markets such as Germany, France, the Nordics, the United States and Canada.

Christoph Schuh, partner, Lexter, said: “More than 80% of warehouses have no automation. Warehouses are expected to grow by 50% by 2025 and the labor deficit is expected to exceed 30%. 6 containing the key

Founded in 2015, BotsAndUs works with Menzies Aviation, an air cargo business used by London Heathrow Airport.

BotsAndUs recently entered into a partnership with container logistics company Maersk to explore the application of its robots in one of its warehouses, primarily to manage automated inventory.

“This is an exciting time for technology in London, and robotics and AI are among our most innovative growth sectors. This welcome investment in BotsAndUs further strengthens our position as a global hub for innovation and venture capital,” said Rajesh Agarwal, Deputy Mayor. London for Business.

Investors in the round received additional capital from Maersk Growth, Kindred Capital, and Capnamic. This follows BotsAndUs’ বিনিয়োগ 6m (9 4.9m) investment in July 2020.

Venture capital firm Lexter’s previous backups include the likes of Skype, Spotify, Facebook and Airbnb. It manages প্রাথমিক 1.2bn (1bn) across three initial funds and one growth fund.