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BUSINESS

Headwinds cause major B4.9tn loss

Business, Somruedi Banchongduang, Published on 29/09/2020

» Uncertainties in domestic politics, economic policies and the external front over the past 14 years led to losses to Thailand's GDP worth 4.9 trillion baht, according to a research paper.

BUSINESS

BoT records net profit on baht retreat

Business, Somruedi Banchongduang, Published on 23/04/2020

» The Bank of Thailand swung back to a net profit of 365 billion baht for the first three months of this year, largely because the baht retreated against the greenback.

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BUSINESS

KBank predicts baht climb against dollar

Business, Somruedi Banchongduang, Published on 28/11/2019

» Kasikornbank (KBank) sees the baht rising to 29.25 against the US dollar at the end of 2020, pointing to the US's structural problems and external uncertainties.

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BUSINESS

IMF praises stimulus

Business, Somruedi Banchongduang, Published on 06/11/2019

» Now is a good time for Thailand to implement stimulus measures to rev up its economic growth momentum, weighed down by the global slowdown, given the availability of policy space, says the IMF chief.

BUSINESS

BoT maintains monetary policy as buffer

Business, Somruedi Banchongduang, Published on 10/10/2019

» The Bank of Thailand's rate-setters see the need to keep monetary policy stable to cushion against possible future risks, according to the edited minutes of the Sept 25 meeting.

BUSINESS

Veerathai sees unchanged prime rates after BoT hike

Business, Somruedi Banchongduang, Published on 24/12/2018

» Banks should leave prime lending rates unchanged after the central bank last week raised the policy rate for the first time since 2011, Bank of Thailand governor Veerathai Santiprabhob says, citing excessive liquidity in the financial market.