1

Table of Contents

Page

Introduction 1

Program Agenda 2

Background Note 6

Biography of Speakers 11

List of Participants 27

Administrative Note 39

Other Logistical Information 46

List of Liaison Officers 49

Introduction

The SEACEN Governors’ Conference began as an informal gathering of several Governors

of Asian central banks to discuss economic and financial issues of common interest. The First

Conference was hosted by the Bank of Thailand in Bangkok in 1966.

This year, the Bank of Thailand is honored to host the 53rd SEACEN Governors’

Conference/ High-Level Seminar for the seventh time and the 37th Meeting of the SEACEN

Board of Governors for the fifth time. This conference is a part of the series of events planned

to coincide with the 75th Anniversary Celebration of the Bank of Thailand.

The theme for this year’s conference is “Pursuing Stability in a World of Instability”. We are

now witnessing unprecedented and transformative changes, ranging from uncertainties

from geopolitical developments to disruptive technology. These come on top of policy

normalization and financial stability challenges that central banks are currently facing.

In this light, the role of central banks as a pillar of stability has come under closer public

scrutiny, making it more challenging than ever.

2 3

The 53rd SEACEN Governors’ Conference/ High-Level Seminar and

the 37th Meeting of the SEACEN Board of Governors

Bangkok, Thailand

15 - 17 December 2017

Day 1 Friday, 15 December 2017

Venue: The Peninsula Bangkok

19.30 Welcome Dinner

Hosted by Veerathai Santiprabhob, Governor, Bank of Thailand

Keynote Address

Agust n Carstens, General Manager, BIS

Venue: Jesters, The Peninsula Bangkok

Day 2 Saturday, 16 December 2017

The 53rd SEACEN Governors’ Conference/ High-Level Seminar

“Pursuing Stability in a World of Instability”

Venue: Bank of Thailand (2nd Floor, Building 2)

9.00 - 9.30 Welcome Remarks

•VeerathaiSantiprabhob,Governor,BankofThailand

•KyawKyawMaung,Governor,CentralBankofMyanmar

•HansGenberg,ExecutiveDirector,TheSEACENCentre

9.30 - 10.00 Opening Remarks

Jacob Aharon Frenkel, Chairman, JPMorgan Chase International

10.00 - 10.15 Coffee break

10.15 - 11.45 Panel 1: Will politics lead economics?: Geopolitical risks and implications

for central banks

Panelists: NormanT.L.Chan,ChiefExecutive,HongKongMonetaryAuthority

LeeJuyeol,Governor,TheBankofKorea

LesetjaKganyago,Governor,SouthAfricanReserveBank

Beno t Coeur ,ExecutiveBoardMember,EuropeanCentralBank

Moderator: Chantavarn Sucharitakul, Assistant Governor, Bank of Thailand

Program Agenda

4 5

11.45 - 12.00 Group photograph

12.00 - 13.30 Luncheon

13.30 - 15.00 Panel 2: Technological innovations: Implications for central banks in the

next five years

Panelists: Neav Chanthana, Deputy Governor, National Bank of Cambodia

RaviMenon,ManagingDirector,MonetaryAuthorityofSingapore

Veerathai Santiprabhob, Governor, Bank of Thailand

B.P.Kanungo,DeputyGovernor,ReserveBankofIndia

Moderator:HansGenberg,ExecutiveDirector,TheSEACENCentre

15.00 - 15.15 Coffee break

15.15 - 17.00 Panel 3: Redefining mandates of central banks: Monetary policy and financial

cycles?

Panelists: Agust n Carstens, General Manager, BIS

David Lipton, First Deputy Managing Director, IMF

Muhammad Ibrahim, Governor, Bank Negara Malaysia

Nestor A. Espenilla Jr., Governor, Bangko Sentral ng Pilipinas

Moderator:PaiboonKittisrikangwan,DeputyGovernor,BankofThailand

17.00 - 18.00 Post-Seminar Activities

Venue: Bank of Thailand Learning Center

concurrent with Drafting of Press Communique (staff level)

Venue: Bank of Thailand, 2nd floor

concurrent with Meeting of the Board of Trustees of the SEACEN Trust Fund

(The Board of Trustees of the SEACEN Trust Fund only)

Venue: Bank of Thailand, 5th floor

18.00 Reception

Venue: Riverside Lawn, Bank of Thailand

18.30 Farewell DinnerinHonorofDelegatesonaChaoprayaRiverCruise

Hosted by Veerathai Santiprabhob, Governor, Bank of Thailand

Day 3 Sunday, 17 December 2017

The 37th Meeting of the SEACEN Board of Governors

Venue: The Peninsula Bangkok

9.30 - 10.30 The 37th Meeting of the SEACEN Board of Governors

(for members of the SEACEN Board of Governors only)

Venue: Sakuntala Ballroom A

10.30 - 10.45 Coffee Break

10.45 - 12.30 The 37th Meeting of the SEACEN Board of Governors (Cont.)

12.30 - 14.00 Luncheon

Venue: Jesters and Sakuntala Ballroom B

14.30 - 16.30 Social Program: The Jim Thompson House

17.30 - 18.30 Social Program:TheExhibitionoftheRoyalCremationCeremony

6 7

SEACEN Governors’ Conference“Pursuing Stability in a World of Instability”16 December 2017

Overthepast fewyears, theworldeconomyhasexperienceddramaticshocksand

transformativechanges.Majorpoliticaloutcomeshaveledtoextensiverecalibrationof

economic structures and policies. At the same time, rapid technological change has

transformed many sectors of the economy, not least of which the financial sector. Also, after

almost 10 years of very low interest rates, monetary policies in major advanced countries

have shifted towards normalization. The upshot is a global economic landscape that is beset

byexceptionallevelsofuncertainty.

Against this backdrop, the role of central banks as a pillar of stability is more important,

and more challenging, than ever. The outsized role of monetary policy in recent years has

propelled central banks into broader public debate on a wide range of issues, including

inequalityandfiscalpolicy.Politicaleconomyconsiderationshaveincreasedasaresult.Rapid

technological evolution in the financial sector, meanwhile, has posed challenges for central

banks in terms of setting the appropriate regulatory perimeter that fosters innovation while

maintaining stability. Finally, the changing nature of the inflation process, particularly its

susceptibility to persistent structural forces, along with greater recognition of the potentially

harmful effects of financial cycles have renewed debate on how financial stability should be

incorporated into central bank mandates.

Session 1Will politics lead economics ? Geopolitical risks and

implications for central banks

Central banks do not operate in a vacuum but face the scrutiny of several stakeholders.

Public accountability implies that political economy considerations must be heeded.

Increasingly, these considerations have weighed on the conduct of monetary policy.

Background Note

8 9

In part, this is a consequence of the policies that central banks have undertaken. The large

scale deployment of central banks’ balance sheets, through various asset purchase programs

includingforeignexchangeintervention,haveincreasedthequasi-fiscalandredistributive

natureofmonetarypolicy.Atthesametime,thecontextinwhichmonetarypolicyisbeing

conducted has become more politically charged. Stagnant wages, declining economic and

social mobility, and distrust of institutions have fanned anti-establishment sentiment in many

jurisdictions. Not only does the heightened uncertainty complicate economic assessment, but

theygeneratecommunicationchallengesascentralbankshaveincreasinglybeenexpectedto

weigh in on a greater range of economic issues as well as help push broader reform agendas.

Issues for Discussion:

• Haspoliticalpressureoncentralbanksincreased?Ifso,whatarethesources?

• Towhatextenthaspoliticalpressureaffectedtheconductofmonetarypolicy?

• Howdoesheightenedgeopoliticalrisksandtheassociatedriseinpolicyuncertainty

affectcentralbanks’economicassessmentandpolicytrade-offs?

• Howshouldcentralbanksnavigate throughpoliticalpressure?Whatroledoes

communicationplayinthisrespect?Towhatextentshouldcentralbankscomment

on broader economic issues beyond their immediate monetary remit, such as

inequalityandstructuralreforms?

Session 2Technological innovations: Implications for central banks

in the next five years

Rapidtechnologicalprogress,drivenbythedigitalrevolution,hastransformedmanysectors

of the economy, not least of which the financial sector. Financial innovations such as

distributed ledger technologies, algorithmic trading, and internet-based peer-to-peer platforms

are reshaping the financial landscape in a major way. While the opportunities that are being

generated are wide-ranging, the challenges for central banks are also substantial. Financial

regulationmustdevelopflexiblytostrikeabalancebetweenfacilitatinginnovationand

safeguarding stability. Payment and settlement systems must adapt to constantly evolving

methods and changing consumer behavior. Information technology systems must

increasingly guard against cyber security threats. Central bank money itself needs to be

rethought in a digitized world. At the same time, financial technology also opens up

enormous potential to enhance financial inclusion by broadening access to basic financial

services at a lower cost. Meeting these challenges and opportunities also require internal

organizational changes in terms of both functional divisions and staffing priorities.

Issues for Discussion:

• Whatarethe implicationsofrapidfinancial technologyinnovationformonetary

policyandregulatorypolicy?Howtostrikeabalancebetweenfosteringinnovation

whilemaintainingstability?

• Howcancentralbanksleverageonfinancialtechnologyinordertoenhancefinancial

inclusionanddevelopment?Cantheriseofbigdatahelp?

• Whatarethemainrisks(andopportunities)forcentralbanksfromrapidtechnological

innovation?Whataretheimplicationsofacashlesssocietyandtheriseofdigitized

money?

• Whataretheinstitutionalandorganizationalchallengesinmakingsurethatcentral

banksareabletostayabreastandadapttotherapidlychangingfinanciallandscape?

Session 3Redefining mandates of central banks: Monetary policy

and financial cycles

A decade since the global financial crisis, the initial tentative steps towards policy

normalization has begun. Yet central banks are still facing a constellation of challenges from

persistently low inflation, uneven growth, accumulating financial imbalances, and capital flow

volatility.Thesechallengesmustbeaddressedinacontextwherethemonetarytransmission

mechanism is weak and highly uncertain. The unresponsiveness of inflation, in particular,

has raised questions about the need to revisit central bank mandates. On the one hand,

a mandate that is closely tied to inflation may overly constrain policy choices and their

communication.Forexample,centralbanksmayfeelcompeltoeasepolicyinthefaceof

10 11

persistently low inflation, whose response is known to be muted, even though economic activity

is firm and financial conditions on an upswing. On the other hand, monetary policy’s impact on

the financial cycle, which has longer duration than typical business cycles, implies that greater

consideration may be called for to developing financial imbalances in order to contain economic

risks in the medium-term. In this light, it is important to revisit the prevailing paradigm where

macroprudential instruments are accorded the leading role in warding off financial instability

risks with monetary policy acting merely as a “last line of defense”.

Issues for Discussion:

• Given the importanceof financial factors indeterminingeconomicoutcomes,

shouldfinancialstabilitybeexplicitlyincludedincentralbankmandates?Should

monetary policy frameworks ensure a systematic and symmetric response to financial

stabilityconcerns,muchlikeinflationandoutput?

• Inthecontextofpersistentlylowinflation,whatarethecommunicationchallenges

forinflationtargetingcentralbanks?Doinflationtargets“boxin”monetarypolicy?

• Canmacroprudentialpoliciesbesufficientlyreliedupon,bothintermsofeffectiveness

and operationally, to maintain the economy on an even keel with respect to financial

imbalances?

• Inlightofthesignificantchangesintheinflationprocess,andthemonetarytransmission

mechanismmoregenerally,hasthenatureofmonetarypolicytradeoffschanged?

Whatimplicationdoesthishaveforcentralbankmandates?

• Giventhehighdegreeoffinancialspilloversinanincreasinglyfinanciallyglobalized

world, what scope is there for monetary policy mandates to incorporate greater

considerationforpolicycoordination?

Biography of Speakers

12 13

Mr. Veerathai Santiprabhob

Governor, Bank of Thailand

Mr. Kyaw Kyaw Maung

Governor, Central Bank of Myanmar

UKyawkyawMaungisthe11th Governor of the Central Bank of Myanmar, with a five-year term commencing on 1st August 2013. He also served as the 9th Governor of the Central Bank of Myanmar for the period starting from 1997 to 2007.

He began his career as a teacher at the Economics Department of the University of Mandalay in 1961. He then moved his career to banking, and joined as a deputy manager at the State Commercial Bank in 1962. In 1967, he started working with the Central Bank of Myanmar as amanager,andheheldvariouspositionsofAssistantExecutiveDirector,DeputyExecutiveDirectorandExecutiveDirector.PriortohisfirstappointmentasGovernorattheCentralBank of Myanmar in 1997, he served as Deputy Governor of Central Bank of Myanmar from 1992 through 1997.

GovernorUKyawKyawMaungwasconferredthefollowingawards:• PeaceandLawandOrderAwardon4th January 1985,• StatepeaceandtranquilityAwardon12th August 1989,• GoodPublicServiceMedalon4th January 1990,• MedalforExcellencePerformanceinArts(FirstClass)on4th January 2002 and,• MedalforExcellencePerformanceinAdministrativeField(FirstClass)on4th January 2003.

HewasalsoconferredPresident’sExcellentPerformanceAwardon9th February 2016 for good leadership in implementing government policies in respective areas. On 1st March 2016, thePresidentconferredthetitleof “ThiriPyanchi”toGovernorUKyawKyawMaungin recognition of his sustained and outstanding performance in pursuit of prosperity of the country.

Veerathai Santiprabhob is the 23rd Governor of the Bank of Thailand, with a five-year term starting on October 1st, 2015. He is a macroeconomist, strategist, and financial professional withmorethan20yearsofexperiencesineconomicpolicydesign, commercial banking, and capital market.

He began his career in 1994 as an economist at the International Monetary Fund in Washington,DC,beforeservingasaco-directorofthePolicyResearchInstituteoftheThaiMinistry of Finance during the 1997 Asian financial crisis. In 2014, Veerathai was appointed to be a member of the Bank of Thailand’s Board and Monetary Policy Committee. He has also been a member of the State-Owned Enterprise Policy and Supervisory Committee and was anadvisorofThailandDevelopmentResearchInstitute(TDRI).

Intheprivatesector,VeerathaiwasaseniorexecutiveofSiamCommercialBank,PCLandTheStockExchangeofThailand.Heheldvariouspositionsattheboardsofleading corporations, including Thanachart Capital PCL, Bangkok Dusit Medical Services PCL, Thai Airways International PCL, and Central Pattana PCL.

Veerathai received his B.A. (first class honors) in Economics from Thammasat University in1988andwasawardedH.M.KingBhumibolAdulyadejawardforacademicexcellence. He went on to receive A.M. and Ph.D. in Economics from Harvard University in 1994. HisgraduatestudywassponsoredbyH.M.theKing’sAnandamahidolFoundation.

Veerathai has actively participated in social activities. He has served as the treasurer of the RoyalInitiativeDiscoveryFoundation,amemberoftheexecutiveboardoftheBuddhadasaIndapanno Archives, a member of the board of Mae Fah Luang Foundation, a member of the board of the Thailand Sustainable Development Foundation, and an honorary member of ThammasatUniversityCouncil.HewasamemberofthefirstIndependentExpertOversightAdvisory Committee of the World Health Organization in Geneva and was awarded the Eisenhower Fellowship in 2013.

14 15

Dr. Hans Genberg

Executive Director, The SEACEN Centre

Dr.HansGenbergassumedthepostasExecutiveDirectorof

TheSEACENCentreinKualaLumpuronJuly1,2015having

served as an Adviser to The Centre since March 3, 2014.

Prior to joining SEACEN, Dr. Genberg was Assistant Director

at the Independent Evaluation Office of the International Monetary Fund after having been

ExecutiveDirector,Researchat theHongKongMonetaryAuthority.Before joining

theHKMA,hewasProfessorofinternationaleconomicsattheGraduateInstituteof

International Studies in Geneva, Switzerland. A Swedish national, Mr. Genberg holds

a Ph.D. degree in Economics from the University of Chicago.

Dr. Jacob A. Frenkel is Chairman of JPMorgan Chase

International, Chairman of the Board of Trustees of the Group

of Thirty (G-30) and Chairman of the Board of Governors of

Tel Aviv University. Previously he served as Chairman and

CEO of the G30 (2000 - 2011), as Vice Chairman of American

International Group (2004 - 2009) and Chairman of Merrill Lynch International (2000 - 2004).

He was Governor of the Bank of Israel (1991 - 2000) and is credited with reducing inflation

andachievingpricestability,liberalizingIsrael’sfinancialmarkets,removingforeignexchange

controls, and integrating the Israeli economy into the global financial system.

PreviouslyhewastheEconomicCounselorandDirectorofResearchattheInternational

Monetary Fund (1987 - 1991); Editor of the Journal of Political Economy, and the David

RockefellerProfessorofInternationalEconomicsattheUniversityofChicago(1973-1987).

Dr. Frenkel is a Laureate of the 2002 Israel Prize in Economics, a Fellow of the Econometric

Society, a Foreign Honorary Member of the American Academy of Arts and Sciences

and a recipient of numerous prizes, honors and awards from various Universities and

Governments. He is a member of the Board of Trustees of the New York Economic Club,

amemberoftheBoardofDirectorsoftheNationalBureauofEconomicResearch,oftheJapan

Society, and of the Peterson Institute for International Economics. He is a member of the

Boards of the Aspen Institute Italia and The Council for the US and Italy, a member of Temasek

International Panel (TIP), of the G20 Eminent Persons Group on Global Financial Governance,

and a member of the International Advisory Council of China Development Bank. He is also

a member of the Board of Directors of Boston Properties, Inc. and Loews Corporation.

He holds a B.A. in economics and political science from the Hebrew University of Jerusalem,

and an M.A. and Ph.D. in economics from the University of Chicago.

Dr. Jacob Aharon Frenkel

Chairman, JPMorgan Chase International

16 17

Agust n Carstens became General Manager of the BIS on

1 December 2017.

Mr.CarstenswasGovernoroftheBankofMexicofrom2010

to 2017. A member of the BIS Board from 2011 to 2017, he was

chair of the Global Economy Meeting and the Economic Consultative Council from 2013 until

2017. He also chaired the International Monetary and Financial Committee, the IMF’s policy

advisory committee from 2015 to 2017.

Mr.Carstensbeganhiscareerin1980attheBankofMexico.From1999to2000,hewas

ExecutiveDirectorattheIMF.HelaterservedasMexico’sdeputyfinanceminister(2000-03)

andasDeputyManagingDirectorattheIMF(2003-06).HewasMexico’sfinanceminister

from 2006 to 2009.

Mr. Carstens has been a member of the Financial Stability Board since 2010 and is a member

of the Group of Thirty.

Mr. Carstens holds an M.A. and a Ph.D. in economics from the University of Chicago.

Mr. Agust n Carstens

General Manager, Bank for International Settlements

NormanChanwasappointedChiefExecutiveof the

HongKongMonetaryAuthority(HKMA)on1October

2009.Mr.ChanjoinedtheHongKongGovernmentasan

AdministrativeOfficerin1976andbecameanExecutive

DirectoroftheHKMAwhenitwasestablishedin1993.From

1996to2005,Mr.ChanservedasDeputyChiefExecutiveoftheHKMA.

From December 2005 to June 2007, Mr. Chan was Vice Chairman, Asia of Standard

CharteredBank.PriortorejoiningtheHKMA,Mr.ChanwasDirectorof theChief

Executive’sOfficeoftheHongKongSpecialAdministrativeRegionGovernmentfromJuly

2007 to July 2009. He was the Founding Chairman of the policy think tank, the Bauhinia

FoundationResearchCentreestablishedin2006.

Mr. Norman T.L. Chan

Chief Executive, Hong Kong Monetary Authority

18 19

Mr.LeeJuyeoljoinedtheBankofKoreain1977andwasappointedGovernoroftheBOKinApril2014.InadditiontoexecutivepositionssuchasSeniorDeputyGovernor(2009)andDeputy Governor (2007), Governor Lee also served in several other senior level positions during his 35 years of service at the

BOK,includingasDirectorGeneraloftheMonetaryPolicyDepartmentandoftheResearchDepartment. He also served as Director of the Overseas Economic Information Office and of theInternationalEconomicsOffice,andasSeniorEconomistattheNewYorkRepresentativeOffice. Prior to being appointed as Governor, Mr. Lee also was an Advisor for the Hana Institute of Finance (2012) and Distinguished Professor at Yonsei University (2013), his alma mater.

He holds a bachelor’s degree in Business Management from Yonsei University (1977), and a master’s degree in Economics from Pennsylvania State University (1988).

Mr. Lee Juyeol

Governor, The Bank of Korea

LesetjaKganyagowasappointedasGovernoroftheSouthAfricanReserveBankwitheffectfrom9November2014.

HehadbeenDeputyGovernoroftheSouthAfricanReserve Bank since May 2011. In this role he was responsible

forvariousareasincludingResearch,FinancialStability,BankSupervision,Financial RegulatoryReform(introducingtheTwin-Peaksregulatorystructure),FinancialSurveillance(responsiblefortheregulationofcross-borderflows),RiskManagementandCompliance;andtheSARBCollege.

Hehaswide-rangingexperienceinMacroeconomicPolicyformulation,FinancialSectorPolicy,Public Finance, International Finance, Public Debt Management and Financial Markets. During his tenure as Director-General of the National Treasury, he successfully steered several public finance and financial market reforms. He played a leading role in the fundamental reform of the micro-structure of domestic bond markets, including reforms to the auction system and introduction of new financial instruments such as inflation-linked bonds, buy-backs, switches andSTRIPS.Duringtheperiod,afundamentalreforminmanagementofthenationaldebtportfolio was completed.

Lesetja also led South Africa’s technical team to various G-20 Ministers of Finance & Governors meetings and the Summits (including the inaugural Summit in 2008). He chaired the IMF/WB Development Committee Deputies; the G-20 Working Group on IMF governance reform and was also the vice-chair of the Financial Stability Board’s Standing Committee on Standards Implementation (FSB SCSI) for a period of four years. Currently, he chairs the Committee of Central Bank Governors (CCBG) and is the co-chair of the Financial StabilityBoardRegionalConsultativeGroupforSub-SaharanAfrica(FSBRCGSSA)andchairs the Financial Stability Board Standing Committee on Standards Implementation (FSB SCSI).

Lesetja holds a Master’s of Science degree in Development Economics from London University (School of Oriental and African Studies) and a Bachelor of Commerce degree in Accounting and Economics from the University of South Africa.

Mr. Lesetja Kganyago

Governor, South African Reserve Bank

20 21

Beno t Coeur has been a member of the Executive Board of the

European Central Bank since 1 January 2012. He is responsible

for International and European Relations, Market Operations

and the Oversight of Payment Systems. He is the Chairman

of the Committee on Payments and Market Infrastructures

(CPMI) of the Bank for International Settlements, and has held this position since October 2013.

Prior to joining the ECB, he served in various policy positions at the French Treasury. He

was the Deputy Chief Executive, then Chief Executive, of the French debt management

office, Agence France Tresor, between 2002 and 2007. From 2007 to 2009, he was France’s

Assistant Secretary for Multilateral Affairs, Trade and Development, co-chair of the Paris Club

and G8 and G20 Finance Sous-Sherpa for France. From 2009 to 2011, he was Deputy Director

General and Chief Economist of the French Treasury.

Mr. Coeur is a graduate of the Ecole polytechnique in Paris. He holds an advanced degree

in statistics and economic policy from the Ecole nationale de la statistique et de l’administra-

tion economique (ENSAE) and a B.A. in Japanese. He is an affiliate professor at Sciences Po

in Paris. He has authored articles and books on economic policy, the international monetary

system and the economics of European integration, including Dealing with the New Giants:

Rethinking the Role of Pension Funds (CEPR, 2006, with Tito Boeri, Lans Bovenberg and

Andrew Roberts) and Economic Policy: Theory and Practice (Oxford University Press, 2010,

with Agn s B nassy-Qu r , Pierre Jacquet and Jean Pisani-Ferry).

Mr. Beno t Coeur

Executive Board Member, European Central Bank

Neav Chanthana graduated from Monash University

(Economics, Accounting & Finance), Melbourne, Australia.

She has been appointed as Deputy Governor of the Central

Bank since 2004. She is a member of the NBC’s Board, a Chair of

the Consultative Committee for Supervision (Regulatory

body), and Financial Stability Committee within the NBC. She is also a member of the

Securities and Exchange Commission of Cambodia (SECC).

Ms. Neav Chanthana

Deputy Governor, National Bank of Cambodia

22 23

Mr.RaviMenonhasbeenManagingDirectoroftheMonetaryAuthority of Singapore (MAS) since 2011. The MAS conducts monetary policy, manages the official foreign reserves, supervises the financial sector, and develops Singapore as a financial centre.

On the international front, Mr. Menon is a member of the Financial Stability Board (FSB) Steering Committee. He chaired the FSB Standing Committee on Standards Implementation (2013 - 2017), the International Monetary and Financial Committee (IMFC) Deputies Meetings (2011 - 2015) and the APEC Senior Officials Meetings (2009).

Mr. Menon was Permanent Secretary at the Ministry of Trade & Industry (2007 - 2011), where he led the ministry’s work in economic strategy; energy policy; research and development; and international trade. Mr Menon was Deputy Secretary at the Ministry of Finance (2003 - 2007), where he was responsible for fiscal policy and government reserves. Mr. Menon spent the first 16 years of his career at the MAS, which he joined in 1987.

A recipient of the Public Administration Medal (Gold), Mr. Menon has served on boards in the public, private, and people sectors. He was Chairman of the Singapore Co-operation Enterprise; Deputy Chairman of the Central Provident Fund Board; and a board member of the Housing and Development Board; Singapore Totalisator Board; Agency for Science, Technology,andResearch;CivilServiceCollege;andNationalResearchFoundation.Hewasalso on the board of directors of DBS Bank, the largest bank in Southeast Asia. Mr. Menon is currently Chairman of the Institute of Banking and Finance, and he serves on the board of trustees of the Singapore Indian Development Association, a community volunteer group.

Mr. Menon holds a Master’s in Public Administration from Harvard University and a Bachelor of Social Science (Honours) in Economics from the National University of Singapore. A two-time winner of the Prime Minister’s Book Prize, Mr. Menon was a prefect and scout leaderatRafflesInstitutionwherehehadhissecondaryeducation.

Mr. Ravi Menon

Managing Director, Monetary Authority of Singapore

TheGovernmentofIndiahasappointedShriB.P.Kanungo toDeputyGovernorof theReserveBankof IndiaonMarch 11, 2017 for a period of three years. Before his appointment,ShriB.P.KanungoservedvariouspostsintheReserveBankincludingthepostofExecutiveDirector.

DeputyGovernor,ShriKanungolooksaftertheDepartmentofCurrencyManagement, (DCM),DepartmentofExternal Investments&Operations, (DEIO),Departmentof Government & Bank Accounts (DGBA), Department of Information Technology (DIT), DepartmentofPayment&SettlementSystems(DPSS),ForeignExchangeDepartment (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Premises Department (PD).

ShriKanungo,acareercentralbanker,joinedtheReserveBankofIndiainSeptember 1982.Hehasworkedinseveralfunctionalareasofthebankssuchasforeignexchange management, banking & non-banking Supervision, currency management, government and bankaccountsandpublicdebt.HehasservedastheheadofregionalofficesoftheReserveBankatJaipurandKolkatabesidesholdingthepositionoftheBankingOmbudsmanforMadhyaPradeshandChhattisgarh.AsExecutiveDirector,helookedafterForeignExchangeManagement, Internal Debt Management and Government and Bank Accounts.

BornonMay5,1959,ShriKanungoholdsaMaster’sdegreeinhumanitiesfromUtkal University, besides holding a Bachelor’s degree in Law.

Mr. B.P. Kanungo

Deputy Governor, Reserve Bank of India

24 25

Muhammad bin Ibrahim is the Governor of Bank Negara Malaysia. Appointed in May 2016, he is also the Chair of the Bank’s Monetary Policy Committee and Financial Stability Committee.

In the course of more than three decades at the central bank, Governor Muhammad’s experiencespansamultitudeofareas,includingbankingregulationandsupervision, strategic planning, payment systems, insurance, offshore banking, crisis resolution, treasury and financial markets. In particular, Governor Muhammad steered a number of key initiatives to develop the domestic and regional bond markets. He was also actively involved in promoting regional financial integration in ASEAN and enhancing the regional crisis management framework. During the Asian Financial Crisis, Governor Muhammad spearheaded the recapitalisation of financial institutions as Managing Director of Malaysia’s recapitalisation agency.

GovernorMuhammadispresentlytheCo-ChairoftheFinancialStabilityBoardRegionalConsultativeGroupforAsiawiththeGovernoroftheReserveBankofAustralia.From2012to 2014, Governor Muhammad also served as the Chairman of the Irving Fisher Committee (IFC) on Central Bank Statistics of the Bank for International Settlements where he strengthened collaboration with other international statistical institutions.

Governor Muhammad holds postgraduate qualifications from Harvard University and the International Islamic University Malaysia. He is a Fellow of the Asian Institute of Chartered Bankers and a member of the Malaysian Institute of Accountants.

Mr. Muhammad bin Ibrahim

Governor, Bank Negara Malaysia

Mr. David Lipton assumed the position of First Deputy Managing Director of the International Monetary Fund on September 1, 2011. On March 28, 2016, Mr. Lipton was reappointed for a second five-year term beginning September 1, 2016.

Before coming to the Fund, Mr. Lipton was Special Assistant to the President, and served as Senior Director for International Economic Affairs at the National Economic Council and National Security Council at the White House.

Previously, Lipton was a Managing Director at Citi, where he was Head of Global Country RiskManagement.Inthatcapacity,hechairedCiti’sCountryRiskCommittee,workedfortheSeniorRiskOfficer,andadvisedseniormanagementonglobalriskissues.PriortojoiningCiti in May 2005, he spent five years at Moore Capital Management, a global hedge fund and, before that, a year at the Carnegie Endowment for International Peace.

Lipton served in the Clinton administration at the Treasury Department from 1993 to 1998. As Under Secretary of the Treasury for International Affairs - and before that as Assistant Secretary – Lipton helped lead the Treasury’s response to the financial crisis in Asia and the effort to modernize the international financial architecture.

Before joining the Clinton administration, Lipton was a fellow at the Woodrow Wilson Center of Scholars. From 1989 to 1992, he teamed up with Prof. Jeffrey Sachs then at Harvard University,workingaseconomicadviserstothegovernmentsofRussia,PolandandSloveniaduring their transitions to capitalism. Lipton began his career with eight years on the staff of the International Monetary Fund, working on economic stabilization issues in emerging market and poor countries.

Lipton earned a Ph.D. and M.A. from Harvard University in 1982 and a B.A. from Wesleyan University in 1975.

Mr. David Lipton

First Deputy Managing Director, IMF

2726

Mr. Nestor A. Espenilla, Jr. is the Governor of the Bangko Sentral ng Pilipinas (BSP). He took office as the fourth Governor of the BSP on 3 July 2017. As BSP Governor, he serves as Chairman of the Monetary Board, the BSP’s principal policy-setting body. He is also concurrently

Chairman of the Anti-Money Laundering Council (AMLC) and the Financial Stability Coordination Council (FSCC).

Prior to his appointment as Governor, he was Deputy Governor in-charge of the SupervisionandExaminationSector(SES),whichregulatesandsupervisesbanksandnon-bankfinancial institutions under BSP jurisdiction. In that capacity, he focused on banking reforms, capital market development, consumer protection, and financial inclusion. He institutionalized risk-based and proportionate regulations, enabling BSP-supervised institutions to innovate business models and adopt digital financial services. He likewise championed the issuance of regulations that promote financial inclusion and consumer protection. He is a staunch advocate of an efficient, inter-operable, and consumer-friendly digital payments system.

Governor Espenilla, Jr. holds a bachelor of science degree in business economics (magna cum laude) and an MBA from the University of the Philippines, and a master of science degreeinpolicysciencefromtheGraduateInstituteofPolicyScience(GRIPS)inTokyo,Japan.

Mr. Nestor A. Espenilla, Jr.

Governor, Bangko Sentral ng Pilipinas

List of Paticipants

28 29

Name

Position

Organization

:

:

:

Mr.YusofAbdRahman

Managing Director

Autoriti Monetari Brunei Darussalam

Name

Position

Organization

:

:

:

Mr. Mardini

ExecutiveDirector

Autoriti Monetari Brunei Darussalam

Name

Position

Organization

:

:

:

Mr. Hasiq Sahrip

Manager

Autoriti Monetari Brunei Darussalam

Name

Position

Organization

:

:

:

Mr. Chea Chanto

Governor

National Bank of Cambodia

Name

Position

Organization

:

:

:

Ms. Neav Chanthana

Deputy Governor

National Bank of Cambodia

Name

Position

Organization

:

:

:

Mr. Sum Sannisith

Deputy Governor

National Bank of Cambodia

Name

Position

Organization

:

:

:

Mr. Ou Chandara

Assistant Governor / Secretary General

National Bank of Cambodia

Name

Position

Organization

:

:

:

Mr.KhouVouthy

Deputy Director General

National Bank of Cambodia

Name

Position

Organization

:

:

:

Mr. Heng Bomakara

Director

National Bank of Cambodia

Name

Position

Organization

:

:

:

Mr. Chea Teang

Deputy Director

National Bank of Cambodia

Name

Position

Organization

:

:

:

Mr. Vy Sakada

Deputy Section Chief

National Bank of Cambodia

Name

Position

Organization

:

:

:

Ms. Wang Lin

ChiefRepresentative

People’s Bank of China

Name

Position

Organization

:

:

:

Mr. Han Shihao

Staff

People’s Bank of China

Name

Position

Organization

:

:

:

Mr. Norman T.L. Chan

ChiefExecutive

HongKongMonetaryAuthority

Name

Position

Organization

:

:

:

Mr. Chan Ling Hang

AdministrativeAssistanttoChiefExecutive

HongKongMonetaryAuthority

Name

Position

Organization

:

:

:

Ms. Hung Tin Wai

Head(External)

HongKongMonetaryAuthority

Name

Position

Organization

:

:

:

Mr.B.P.Kanungo

Deputy Governor

ReserveBankofIndia

Name

Position

Organization

:

:

:

Dr. Sugeng

Deputy Governor

Bank Indonesia

30 31

Name

Position

Organization

:

:

:

Mr.RadenAgaNugraha

Manager

Bank Indonesia

Name

Position

Organization

:

:

:

Mr.DickyKartikoyono

ExecutiveDirector

Bank Indonesia

Name

Position

Organization

:

:

:

Mr. Solikin M. Juhro

Head of Bank Indonesia Institute

Bank Indonesia

Name

Position

Organization

:

:

:

Mr. Haris Munandar

Deputy Director

Bank Indonesia

Name

Position

Organization

:

:

:

Mr. Pradanu hadi Nugroho

Manager

Bank Indonesia

Name

Position

Organization

:

:

:

Ms.RienAyuMaharani

Assistant Manager

Bank Indonesia

Name

Position

Organization

:

:

:

Mr. Juyeol Lee

Governor

TheBankofKorea

Name

Position

Organization

:

:

:

Mr.SangdaiRyoo

Director-General

TheBankofKorea

Name

Position

Organization

:

:

:

Mr. Wonsik Jung

Team Head

TheBankofKorea

Name

Position

Organization

:

:

:

Mr.ByoungKiKim

Team Head

TheBankofKorea

Name

Position

Organization

:

:

:

Mr.SanggonKwak

Senior Economist

TheBankofKorea

Name

Position

Organization

:

:

:

Mr. Woojae Jung

Secretary

TheBankofKorea

Name

Position

Organization

:

:

:

Mr. Jun Young Lee

Junior Economist

TheBankofKorea

Name

Position

Organization

:

:

:

Dr. Somphao Phaysith

Governor

BankoftheLaoPDR

Name

Position

Organization

:

:

:

Mr.OthPhonhxiengdy

Director General

BankoftheLaoPDR

Name

Position

Organization

:

:

:

Mrs. Maliny Xavanna

Acting Director Division

BankoftheLaoPDR

Name

Position

Organization

:

:

:

Mr. Chittakone Chittaphong

Governor Secretary

BankoftheLaoPDR

Name

Position

Organization

:

:

:

Mrs. Vinekham Lounthone

Deputy Director

BankoftheLaoPDR

32 33

Name

Position

Organization

:

:

:

Ms. Ng Man Seong

ExecutiveDirector

Monetary Authority of Macao

Name

Position

Organization

:

:

:

Ms.LauHangKun

Director

Monetary Authority of Macao

Name

Position

Organization

:

:

:

Mr. Muhammad Ibrahim

Governor

Bank Negara Malaysia

Name

Position

Organization

:

:

:

Mr. Shamsuddin Mohd Mahayidin

Director

Bank Negara Malaysia

Name

Position

Organization

:

:

:

Mr. Bayartsaikhan Nadmid

Governor

Bank of Mongolia

Name

Position

Organization

:

:

:

Dr. Gan-Ochir Doojav

Director General

Bank of Mongolia

Name

Position

Organization

:

:

:

Ms. Mungunsuvd Terbish

HeadoftheForeignRelationsUnit

Bank of Mongolia

Name

Position

Organization

:

:

:

Mr.KyawKyawMaung

Governor

Central Bank of Myanmar

Name

Position

Organization

:

:

:

Mr. Soe Thein

Deputy Governor

Central Bank of Myanmar

Name

Position

Organization

:

:

:

Mrs. Tin Moe Moe

Deputy Director General

Central Bank of Myanmar

Name

Position

Organization

:

:

:

Dr. Chiranjibi Nepal

Governor

NepalRastraBank

Name

Position

Organization

:

:

:

Dr. Gopal Prasad Bhatta

ExecutiveDirector(Acting)

NepalRastraBank

Name

Position

Organization

:

:

:

Mr.PradeepRajPoudyal

Director

NepalRastraBank

Name

Position

Organization

:

:

:

Mr. Loi M Bakani

Governor

Bank of Papua New Guinea

Name

Position

Organization

:

:

:

Mrs. Elizabeth Genia

Assistant Governor

Bank of Papua New Guinea

Name

Position

Organization

:

:

:

Mr. Mark Ofoi

Senior Analyst

Bank of Papua New Guinea

Name

Position

Organization

:

:

:

Mr. Nestor A. Espenilla, Jr.

Governor

Bangko Sentral ng Pilipinas

Name

Position

Organization

:

:

:

Mr. Dennis D. Lapid

Deputy Director

Bangko Sentral ng Pilipinas

34 35

Name

Position

Organization

:

:

:

Ms. Dulce Maria Valdivieso

Deputy Director

Bangko Sentral ng Pilipinas

Name

Position

Organization

:

:

:

Mr.RaviMenon

Managing Director

Monetary Authority of Singapore

Name

Position

Organization

:

:

:

Mr. Jaspal Dhillon

Deputy Director

Monetary Authority of Singapore

Name

Position

Organization

:

:

:

Ms.JaniceKwok

Assistant Director

Monetary Authority of Singapore

Name

Position

Organization

:

:

:

Dr. Nandalal Weerasinghe

Deputy Governor

Central Bank of Sri Lanka

Name

Position

Organization

:

:

:

Dr. Chandranath Amarasekara

Additional Director

Central Bank of Sri Lanka

Name

Position

Organization

:

:

:

Dr.KithsiriEhelepola

Senior Economist

Central Bank of Sri Lanka

Name

Position

Organization

:

:

:

Dr. Tzung-Ta Yen

Deputy Governor

Central Bank, Chinese Taipei

Name

Position

Organization

:

:

:

Dr. Tzong-Yau Lin

Director General

Central Bank, Chinese Taipei

Name

Position

Organization

:

:

:

Mr. Yih-Feng Tsai

Assistant Director General

Central Bank, Chinese Taipei

Name

Position

Organization

:

:

:

Mr. Ping-Yen Chung

Officer

Central Bank, Chinese Taipei

Name

Position

Organization

:

:

:

Mr. Chunching Yu

Officer

Central Bank, Chinese Taipei

Name

Position

Organization

:

:

:

Mr. Veerathai Santiprabhob

Governor

Bank of Thailand

Name

Position

Organization

:

:

:

Mr.PaiboonKittisrikangwan

Deputy Governor

Bank of Thailand

Name

Position

Organization

:

:

:

Mr. Mathee Supapongse

Deputy Governor

Bank of Thailand

Name

Position

Organization

:

:

:

Ms.RuchukornSiriyodhin

Deputy Governor

Bank of Thailand

Name

Position

Organization

:

:

:

Mrs. Chantavarn Sucharitakul

Assistant Governor

Bank of Thailand

Name

Position

Organization

:

:

:

Mr. Simeon Malachi Athy

Governor

ReserveBankofVanuatu

36 37

Special Guests Name

Position

Organization

:

:

:

Ms. Nguyen Thi Hong

Deputy Governor

State Bank of Vietnam

Name

Position

Organization

:

:

:

Mrs. Hoang Thi Phuong Hanh

Deputy Director General

State Bank of Vietnam

Name

Position

Organization

:

:

:

Mrs. Duong Thi Thanh Binh

Deputy Director General

State Bank of Vietnam

Name

Position

Organization

:

:

:

Mr. Nghiem Thanh Son

Deputy Director General

State Bank of Vietnam

Name

Position

Organization

:

:

:

Mr. Duong Hai Chi

Deputy Head of Division

State Bank of Vietnam

Name

Position

Organization

:

:

:

Mrs. Tran Thi Huong Giang

Deputy Head of Division

State Bank of Vietnam

Name

Position

Organization

:

:

:

Mr. Hideaki Iwasaki

Country Director - Thailand

Asian Development Bank

Name

Position

Organization

:

:

:

Mr.EliMRemolona

ChiefRepresentativeforAsiaandthePacific

Bank for International Settlements

Name

Position

Organization

:

:

:

Mr. Christian Fehlker

Head of International Cooperation Office

European Central Bank

Name

Position

Organization

:

:

:

Dr. Jochen Schmittmann

IMFResidentRepresentativeinSingapore

International Monetary Fund

Name

Position

Organization

:

:

:

Mr. David Cowen

Director of IMF Technical Assistance Office in Thailand

(TAOLAM)

International Monetary Fund

Name

Position

Organization

:

:

:

Ms.RatchadaAnantavrasilpa

Senior Financial Sector Specialist

World Bank

38 39

Administrative Note

Members of the SEACEN Centre

Name

Position

Organization

:

:

:

Dr. Anders Hans Olof Genberg

ExecutiveDirector

The SEACEN Centre

Name

Position

Organization

:

:

:

Mr. Gerardo Samson Tison

Director of Learning Design & Administration

The SEACEN Centre

Name

Position

Organization

:

:

:

Mr.OleJensRummel

Director of Macroeconomic and Monetary Policy Management

The SEACEN Centre

Name

Position

Organization

:

:

:

Mr. Glenn Stephen Tasky

Director of Financial Stability Supervision/ Payment and

Settlement System

The SEACEN Centre

40 41

The Bank of Thailand warmly welcomes all delegates and guests to the 53rd SEACEN

Governors’ Conference/ High-Level Seminar and the 37th Meeting of the SEACEN Board

of Governors. The main venues for the event are at the Peninsula Bangkok and the Bank of

Thailand.

Accommodation

The Bank of Thailand will provide accommodation for Governors, Heads of Delegation and

distinguishedspeakersatthePeninsulaBangkok.Allotherpersonalexpensesarenotincluded

in the accommodation arrangement.

Check-in:

The standard check-in time is 14.00 hrs. If the guests need to have the rooms ready prior to

14.00 hrs., guests are recommended to reserve their rooms the night before with a one-night

room charge applied.

Check-out:

The standard check-out time is 12.00 hrs. If the guests wish to keep the rooms after

the standard check-out time, half-day room charge will be applied for departure up to

16.00 hrs., while a full-day charge for departure after 16.00 hrs.

Arrival and Departure

Immigration and Customs:

Upon an arrival at the Bangkok Suvarnabhumi International Airport, the Bank of Thailand will

welcome and assist the Heads of Delegation and accompanying delegates with immigration

and customs procedures as well as baggage collection. In order to facilitate the baggage

collection, delegates are kindly requested to use the luggage tag provided by the Bank of

Thailand, which was posted to each institution around mid-November 2017.

Transportation:

The Bank of Thailand will provide transportation for all delegates, including transfer to and

from Suvarnabhumi Airport, based on the flight details in the registration form. Should there

be any changes in your flight schedule, please contact the BOT Secretariat or liaison officers

immediately.

For other delegates travelling without the Head of Delegation, please meet at Gate 5 after

the customs procedure, where there will be a sign “SEACEN 2017” for the airport transfer to

the Peninsula Bangkok.

Complimentary shuttle boat services (by the Peninsula Bangkok)

ThePeninsulaBoatsshuttlegueststotheoppositeriverbank:

• FromthePeninsulaPierLoungebeginningfrom6.00to24.00hrs.

• SkytrainStation-ImmediateconnectiontotheskytrainatSaphanTaksinStation.

10 minutes to the city centre (From 6.00 to 24.00 hrs.)

• LeavingtheHotel toAsiatiqueRiverfrontonFridaytoSundayat19.00hrs.and

pick-upfromAsiatiqueRiverfrontat22.00hrs.backtotheHotel

Meeting Venues

On 16 December 2017, the 53rd SEACEN Governors’ Conference/ High-Level Seminar will be

held on the 2ndfloor,Building2ofTheBankofThailand.TheSecretariat/DelegationRoom

islocatedatPhatraRuamJaiRoomnexttotheconferenceroom.Thetransportationbetween

the Peninsula Bangkok and the Bank of Thailand will be provided.

On 17 December 2017, the 37th Meeting of the SEACEN Board of Governors will be located

attheSakuntalaBallroom,thePeninsulaBangkok.TheSecretariat/DelegationRoom

islocatedatKusumaRoom,behindtheBallroom.

Dress code for all meetings is business attire.

Bank of Thailand

The PeninsulaBangkok

42 43

The Conference’s venue: Bank of Thailand

273SamsenRoad,Pranakhon,Bangkok10200

Telephone:+6622836288

Website:http://www.bot.or.th

The BOG meeting’s venue: The Peninsula Bangkok

333CharoennakornRoad,Klongsan,Bangkok10600

Telephone:+6620202888

Website:http://bangkok.peninsula.com

Conference/ Meeting Documents

The conference documents will be uploaded online through the Bank of Thailand’s website

(https://goo.gl/e84DwN).TheBOGmeeting-relateddocumentswillbesentbyemail.

Additional documents can be found in the meeting package, which will be placed in the hotel

room upon check-in.

Medical Services

Basic and emergency medical service will be available to all participants requiring urgent

medical attention. Medical personnel will be available on a stand-by basis during

the conference day and on the boat on 16 December 2017.

Meeting Secretariat

For assistance or more information regarding the Conference and Meeting, please contact the

BOTSecretariatatthenumberprovidedbelow:

* Muslim prayer rooms and ablution wash areas are provided at the designated areas on the 2nd floor (for ladies)

and the 3rd floor (for gentlemen) of Building 2 (the Conference Building). Please ask your liaison officers for assistance.

** Smoking areas are provided at the designated area at the back of the Conference Building

Name Contact number E-mail

Jittapa Prachuabmoh (Ms.)

Assistant Director

International Department

+6622836288(Office)

+66818492222(Mobile)

JittapaP@bot.or.th

Weeramon Punpanich (Ms.)

Senior Economist

International Department

+6622836406(Office)

+66896914399(Mobile)

WeeramoP@bot.or.th

44 45

Social Programs

AllHeadsofDelegation,delegatesandspousesareinvitedtothefollowingsocialprograms:

Date/Time Event Venue

Friday, 15 December 2017

19.30 - 21.00 Welcome Dinner

Attire:SmartCasual

Jesters, The Peninsula

Bangkok

Saturday, 16 December 2017

08.45 - 18.00 Spouse Program

(tentative program)

• QueenSirikitMuseumof

Textiles

• TraditionalThaiMassage

• BangkhunpromPalace

• TheBankofThailand

Museum

• BOTLearningCenter

Bangkok Metropolitan Area

and the Bank of Thailand

18.00 - 20.00 ReceptionandFarewell

Dinner

Attire:SmartCasual

The Bank of Thailand and

aChaoprayaRiverCruise

Date/Time Event Venue

Sunday, 17 December 2017

09.00 - 14.00 Spouse Program

• ThaiCookingClass

Thiptara, The Peninsula

Bangkok

14.30 - 16.30 Visit The Jim Thompson

House

Bangkok Metropolitan Area

17.30 - 18.30 VisittheExhibitionofthe

RoyalCremationCeremony

Attire:

• Shirtwithsleeveswith

long pants (for gentlemen)

• Dresswithsleeves,skirt

covering the knees or long

pants (for ladies)

• Mutedcolours

• Politeshoes

Bangkok Metropolitan Area

Queen Sirikit Museum of Textiles The Exhibition of the Royal Cremation Ceremony

46 47

Other LogisticalInformation

Weather in Bangkok

The weather in Thailand is nominated by a tropical climate with a high degree of humidity.

The period during December and February is considered the best time to visit. The daily

average temperature for Bangkok in December is usually around mid-20s degrees Celsius,

largely settled and calm weather with mostly blue sky.

Foreign Exchange

ThecurrencyusedinBangkokisThaiBaht(THB),approximately1USD=32.66THB(asof

1December2017).Coinscomeindenominationsof:1,2,5and10baht,aswellas25and50

satang(100satang=1Baht),Banknotescomeindenominationsof:20,50,100,500and1,000Baht.

YoumayexchangefortheThaiBahtatmostcommercialbanksoratauthorizedmoney

changers. Automated Teller Machines (ATMs) are also available throughout Thailand, and

most will accept cards issued by the major international banking networks (Plus, Cirrus, etc.).

Credit Card

Visa,MasterCard,JCB,AmericanExpressandUnionPaycreditcardsarewidelyaccepted

at most hotels, restaurants and upscale merchants.

Business and Banking Hours

Banking Hours Monday - Friday 8.30 - 15.30 hrs.Some branches in department stores operate during weekends and late hours

Department Stores Everyday 10.00 - 22.00 hrs.

Post OfficesMonday - Friday 8.00 - 16.30 hrs.

Saturday - Sunday 9.00 - 13.00 hrs.

48 49

Language

Thai is the national and the only official language in Thailand. Although majority of people

in Bangkok, particularly in the tourism-related business can speak English, here are some basic

ThaiphrasesthatwillhelpyouearnSMILES:

• Hello-SawaddeeKrab(formale)/SawaddeeKha(forfemale)

• Thank you-KhobKhunKrab(formale)/SawadeeKha(forfemale)

• Good bye-LaKorn

Local time

LocaltimeinBangkokisGMT+7hours.

Electricity

220 volts. Power outlets most commonly feature

two-prong round or flat sockets. We recommend

that a plug-adapter kit should be taken along.

Tipping

It is customary to tip hotel personnel who have given personal service. A 10% tip is highly

appreciated in restaurants, particularly where service charge is not included.

List of Liaison Officers

Name Contact Number

Ms. Amonrat Sujintabandit AmonratS@bot.or.th +66809095450Mr. Boonrith Pongrasamiroj BoonritP@bot.or.th +66898226542Ms.BoonyanuchKhunamornlert BoonyanK@bot.or.th +66838177555Mr. Chaiwiboon Chaibutrsakul ChaiwibC@bot.or.th +66896669645Ms. Chalisa Dangchumroon ChalisaD@bot.or.th +66836636364Ms. Chatlada Chotanakarn ChatladC@bot.or.th +66831230212Ms. Chompoonoot Monchaitrakul ChompooM@bot.or.th +66869842316Ms. Duangporn Lertsomphol DuangpoL@bot.or.th +66871654262Mr. Isaravut Iamviriyakul IsaravuI@bot.or.th +66914069111Ms.KamolchanokReansuwong KamolchR@bot.or.th +66851201959Mr.KasidisChutima KasidisC@bot.or.th +66845914562Mr.KristDacharux KristD@bot.or.th +66873456900Mr.KrittidechWongpool KrittidW@bot.or.th +66865996394Mr.KunlachatThadanipon Kunlacht@bot.or.th +66814470445Ms. Montakan Teenakul MontakaT@bot.or.th +66994296546Mrs. Napapet Pibulsonggram NapapetP@bot.or.th +66818573500Ms.OradaRuchtanon OradaR@bot.or.th +66916966414Mrs. Pandaree Chaibutrsakul PandareC@bot.or.th +66944969270Ms. Parichat Isarapongpaisal ParichaI@bot.or.th +66890532606Mr. Passakorn Tapasanan PassakoT@bot.or.th +66868109774Ms. Patcharida Taksinawong PatcharT@bot.or.th +66864089866Mr. Pholawat Wongchindawest PholawaW@bot.or.th +66846573050Mr. Phongthep Jongjaroenrungroj PhongthJ@bot.or.th +66922489330Ms. Piyanee Prasongwanna PiyaneeP@bot.or.th +66810399399Ms. Piyanuch Pathomsiri PiyanucP@bot.or.th +66863466403Ms. Pornchanok Bumrungruan PornchaB@bot.or.th +66987477732Ms.PrimpraoKitpanich PrimpraK@bot.or.th +66847118292Ms.RachawadeeLeelavivat RachawaL@bot.or.th +66801051991Ms.SasinKirakul SasinK@bot.or.th +66813553394Ms. Satita Buranasumpatanont SatitaB@bot.or.th +66957727242Ms.SirikarnKitcharoen SirikarK@bot.or.th +66851882599Ms.SompassornRuksomboonde SompassR@bot.or.th +66942410032Ms. Supak Charuchan SupakC@bot.or.th +66898350844Mr. Tanawat Panitpongsri TanawaPa@bot.or.th +66922646333Ms. Thanyalak Vibulsrisajja Thanyalv@bot.or.th +66914419556Ms. Vipavee Chomanan VipaveeS@bot.or.th +66816216954Mr. Visarut Chiraratn VisarutC@bot.or.th +66877116243Ms. Waramon Petkao WaramonP@bot.or.th +66955015550Mr. Wichapon Suthasineenont WichapoS@bot.or.th +66811023321Mr. Worarit Vannavanit WoraritV@bot.or.th +66989787077