Bank of Thailand Launches World’s First Government Savings Bond on IBM Blockchain Technology

$1.6B USD in government savings bonds were successfully sold within a week of launch

BANGKOK, Thailand, Oct. 5, 2020 /PRNewswire/ — SIBOS — IBM (NYSE: IBM) today announced that Bank of Thailand (BOT), the central bank, has successfully launched the world’s first blockchain-based platform for government savings bonds issuing a total of $1.6B USD within two weeks.

IBM Corporation logo. (PRNewsfoto/IBM)
IBM Corporation logo. (PRNewsfoto/IBM)

Leveraging blockchain technology on the highly secured IBM Cloud, the platform allows investors to benefit from speedy bond issuance, reducing a process that previously took 15 days to two days. The efficiency provided by blockchain also reduces operational complexity and the overall cost of issuing bonds.

According to The Thai Bond Market Association, the outstanding Thai bond market stood at $421B USD as of December 2019. Government bonds dominate the Thai market, with outstanding value of $157B USD in 2019 1, accounting for 37% of the

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Bank of France Governor Warns About Government Spending

(Bloomberg) — Bank of France Governor and European Central Bank policy maker Francois Villeroy de Galhau said the French government must be more careful about spending and debt that’s not linked to the novel coronavirus health-care crisis.



a person standing in front of a store: PARIS, FRANCE - SEPTEMBER 28: A worker at a Paris bar sweeps up after closing early to comply with new Covid-19 restrictions forcing bars and cafes in the French capital to close at 10pm on September 28, 2020 in Paris, France. The French capital has seen a surge in Covid-19 cases and was recently designated a "red zone," which imposes set of restrictions on public gatherings and the sale of alcohol. From today bars are required to remain closed between 10PM and 6AM. (Photo by Kiran Ridley/Getty Images)


© Photographer: Kiran Ridley/Getty Images Europe
PARIS, FRANCE – SEPTEMBER 28: A worker at a Paris bar sweeps up after closing early to comply with new Covid-19 restrictions forcing bars and cafes in the French capital to close at 10pm on September 28, 2020 in Paris, France. The French capital has seen a surge in Covid-19 cases and was recently designated a “red zone,” which imposes set of restrictions on public gatherings and the sale of alcohol. From today bars are required to remain closed between 10PM and 6AM. (Photo by Kiran Ridley/Getty Images)

The government must become more efficient as the pace of spending, stripping off Covid-19 measures, is accelerating “even more

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Bank of France Governor Villeroy Warns About Government Spending

(Bloomberg) — Bank of France Governor and European Central Bank policy maker Francois Villeroy Galhau said the French government must be more careful about spending and debt that’s not linked to the novel coronavirus health-care crisis.



a person standing in front of a store: PARIS, FRANCE - SEPTEMBER 28: A worker at a Paris bar sweeps up after closing early to comply with new Covid-19 restrictions forcing bars and cafes in the French capital to close at 10pm on September 28, 2020 in Paris, France. The French capital has seen a surge in Covid-19 cases and was recently designated a "red zone," which imposes set of restrictions on public gatherings and the sale of alcohol. From today bars are required to remain closed between 10PM and 6AM. (Photo by Kiran Ridley/Getty Images)


© Photographer: Kiran Ridley/Getty Images Europe
PARIS, FRANCE – SEPTEMBER 28: A worker at a Paris bar sweeps up after closing early to comply with new Covid-19 restrictions forcing bars and cafes in the French capital to close at 10pm on September 28, 2020 in Paris, France. The French capital has seen a surge in Covid-19 cases and was recently designated a “red zone,” which imposes set of restrictions on public gatherings and the sale of alcohol. From today bars are required to remain closed between 10PM and 6AM. (Photo by Kiran Ridley/Getty Images)

The government must become “more efficient” as the pace of spending, stripping off Covid-19 measures, has been accelerating too quickly,

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India freezes Amnesty International bank accounts after reports critical of government

New Delhi — Global human rights organization Amnesty International has halted operations in India, accusing the government of an “incessant witch-hunt” and “constant harassment” over its reports criticizing Prime Minister Narendra Modi’s government. 

Indian authorities froze Amnesty’s bank accounts earlier this month for allegedly receiving foreign funds illegally, a charge the rights group denies. The organization said it had been forced to lay staff members off and pause its work in India because it could not access its funds. 

India Amnesty International
Amnesty International India employees work at their headquarters in Bangalore, India, in a February 5, 2019, file photo.  

Aijaz Rahi/AP


“India’s stature as a liberal democracy with free institutions, including media & civil society organizations, accounted for much of its soft power in the world. Actions like this both undermine our reputation as a democracy & vitiate our soft power,” Shashi Thraoor, a member of the opposition Indian National Congress party,

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The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of HDFC Bank Limited (HDB) Investors

LOS ANGELES, Sept. 28, 2020 /PRNewswire/ — The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired HDFC Bank Limited (“HDFC Bank” or the “Company”) (NYSE: HDB) securities between July 31, 2019 and July 10, 2020,  inclusive (the “Class Period”). HDFC Bank investors have until November 2, 2020 to file a lead plaintiff motion.

(PRNewsfoto/The Law Offices of Frank R. Cru)
(PRNewsfoto/The Law Offices of Frank R. Cru)

If you are a shareholder who suffered a loss, click here to participate.

On July 13, 2020, media reported that HDFC Bank had “conducted a probe into allegations of improper lending practices and conflicts of interests in its vehicle-financing operations involving the unit’s former head.”

On this news, HDFC Bank’s American depositary receipt price fell $1.37 per share, or nearly 3%, to close at $47.02 per share on July

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