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Guru's Weekly Buzz: May 10-16
Guru, Published on 10/05/2024
» Guru By Bangkok Post's pick of the most exciting products, activities, food and travel to indulge in.
Hard to justify
Oped, Postbag, Published on 10/05/2024
» Re: "Thaksin 'met with Malaysia's Anwar' ", (BP, May 9) & "Thaksin in Myanmar rebel talks", (BP, May 8).
More economists speak up for BoT
Published on 09/05/2024
» A group representing 300 economists has spoken out in favour of the Bank of Thailand’s independence in setting monetary policy after government and business leaders stepped up calls for lower interest rates to support economic growth.
Credit card default risks surge in first quarter
Business, Somruedi Banchongduang, Published on 09/05/2024
» The risk of default on credit card loans rose significantly in the first quarter this year, driven by the central bank's mandate for a higher minimum payment rate.
Rejig of incentives sought to encourage investment
Business, Nuntawun Polkuamdee, Published on 09/05/2024
» The Federation of Thai Capital Market Organizations (Fetco) is preparing to propose to the Finance Ministry reviving long-term equity funds (LTFs) and adjusting the investment conditions for Thailand ESG funds to attract more investment into the local bourse.
UOB slashes GDP growth to 2.4%
Business, Nareerat Wiriyapong, Published on 09/05/2024
» Singapore-based United Overseas Bank (UOB) is preparing to downgrade Thailand's GDP growth forecast this year to 2.4% from 2.8%, though it expects the Bank of Thailand to trim interest rates twice to 2% by year-end to prop up the economy.
Govt, BoT spat may not be economic
Oped, Chartchai Parasuk, Published on 09/05/2024
» The row between the government and the Bank of Thailand (BoT) over its "high" interest rate is all over the news. Many have started questioning the appropriateness of the central bank's independence.
Indonesia sees more capital inflows after rate hike
Reuters, Published on 08/05/2024
» JAKARTA: Indonesian central bank governor Perry Warjiyo said on Wednesday more capital inflows had been seen since Bank Indonesia hiked interest rates last month in an effort to stabilise the rupiah, and he expected the trend would continue.
Top business lobby joins rate cut call, trims GDP forecast
Published on 08/05/2024
» The country's biggest business lobby has urged the Bank of Thailand to cut interest rates and work with the government on ways to revive business and consumption activity, after slashing its own estimate for economic growth.
Economists back Bank of Thailand's autonomy
Business, Published on 08/05/2024
» The Bank of Thailand (BoT) must be independent to pursue its role of maintaining economic stability, say economists, noting that interest rates have a minimal impact on increasing economic growth, but could affect the stability of the baht and cause household debt to rise.