Showing 1 - 10 of 3,177
Fitch slashes assessment for banking sector to neutral
Business, Somruedi Banchongduang, Published on 21/06/2024
» Fitch Ratings has downgraded the outlook for the Thai banking sector to neutral from improving, citing a subdued pace of economic recovery that is likely to constrain earnings growth.
PM to discuss handout with central bank chief
Post Reporters, Published on 20/06/2024
» Prime Minister Srettha Thavisin says he has yet to discuss the government’s 500-billion-baht handout with Bank of Thailand governor Sethaput Suthiwartnarueput after the latter repeated his opposition to the project.
Sentiment dips again in May as layoffs unveiled
Business, Lamonphet Apisitniran, Published on 20/06/2024
» The industrial sector remains lacklustre as the Thai Industries Sentiment Index (TISI) continued to fall in May to 88.5 from 90.3 points, with 15,000 workers losing their jobs since early this year, according the Federation of Thai Industries (FTI).
The hazard of lower interest rates
Oped, Published on 20/06/2024
» When interest rates decline and stabilise, financial-market participants tend to take on greater leverage and risk. The challenge for regulators, then, is to prevent those risks from becoming systemic and causing a broader economic crisis.
Budget will 'jump-start' growth
News, Aekarach Sattaburuth, Published on 20/06/2024
» Prime Minister Srettha Thavisin outlined the 3.75-trillion-baht budget bill for the 2025 fiscal year aimed at jump-starting Thailand's sluggish economy as the House of Representatives began a three-day debate.
SCB EIC predicts fragile conditions for lending
Business, Somruedi Banchongduang, Published on 20/06/2024
» SCB EIC, a research centre under Siam Commercial Bank, anticipates increased fragility in the household and business sectors, which combined with the Bank of Thailand's responsible lending practices will pressure loan growth in the banking industry over the next few years.
Digital cash handout carries high financial risk, warns opposition
Post Reporters, Published on 19/06/2024
» The opposition warned the government of the high financial risk of excessive borrowing, largely due to the planned 500 billion baht digital cash handout, as the fiscal 2025 Budget Bill debate began in parliament on Wednesday.
Air conditioner market set to grow 30%
Business, Kuakul Mornkum, Published on 19/06/2024
» High temperatures will be a key factor nudging people to buy new air conditioners or opting for maintenance on their existing appliances, with the Thai market expected to grow by 30% this year, according to TCL Electronics, a Chinese manufacturer of consumer electronics.
Central bank unfazed by factory closures
Business, Somruedi Banchongduang, Published on 18/06/2024
» The Bank of Thailand says new business registrations still outnumber factory and business closures, with no adverse impact yet on the country's employment figures.
Cops nab 126 over betting on first days of Euro 2024
News, Wassayos Ngamkham, Published on 18/06/2024
» One hundred and twenty-six people were arrested for betting on the 2024 UEFA European Football Championships (Euro 2024) matches on Friday and Saturday, the Royal Thai Police announced on Monday.