Showing 1 - 10 of 22
Declining competitiveness, loan growth dent GDP outlook
Nareerat Wiriyapong, Published on 04/12/2024
» The deteriorating competitiveness of Thai automotive companies coupled with contracting loan growth and uncertainty regarding US president-elect Donald Trump's trade policies pose threats to the Thai economy next year, say economists who downgraded the nation's GDP growth outlook.
Generation Rent
Business, Somruedi Banchongduang, Published on 02/12/2024
» Potential homebuyers from Gen Y and Z face significant obstacles to owning a home, with the primary one limited access to mortgages.
Money DD seeks tenfold loan uptick in 2025
Business, Wichit Chantanusornsiri, Published on 02/12/2024
» Money DD Co (Good Money), a new subsidiary of Government Savings Bank (GSB) that offers online loans, plans to grow its lending by 10 times in 2025 year-on-year.
Bank of Thailand says banking system is resilient
Business, Published on 27/11/2024
» The banking system remains resilient with robust levels of capital, loan-loss provisions and liquidity, according to the central bank.
Economic concerns poised to curb the domestic tourism market
Business, Molpasorn Shoowong, Published on 27/11/2024
» The increase in consumer loans and rising mortgage defaults are concerns for the domestic tourism market through next year, meaning that short-term promotions such as those for festivals and events might not help, according to tourism operators.
Debt bailout warning
News, Editorial, Published on 25/11/2024
» The Paetongtarn government has announced a bold policy to address Thailand's mounting household debt crisis. The initiative includes a three-year suspension of interest payments for mortgages, vehicle loans and loans for small and medium-sized enterprises (SMEs), among other items.
State bank to help indebted street vendors
Business, Wichit Chantanusornsiri, Published on 13/11/2024
» The cabinet has approved the "Job Creation and Career Building" loan programme worth a total of 15 billion baht, primarily aimed at supporting street vendors and hawkers to help reduce their informal debt.
Good Money to help GSB deliver on its social pledge
Business, Wichit Chantanusornsiri, Published on 06/11/2024
» Government Savings Bank (GSB) is venturing into the personal and small business loan market through an online platform, leveraging alternative data and technology-driven solutions, with a goal of reaching 500,000 customers over the next four years.
Agency undaunted by Thailand's public debt level
Business, Wichit Chantanusornsiri, Published on 28/10/2024
» The government's level of public debt is not yet a concern compared with countries that have a similar credit rating to Thailand, according to the Public Debt Management Office (PDMO).
BoT says slowdown won't lead to loan contraction
Business, Somruedi Banchongduang, Published on 21/10/2024
» The Bank of Thailand expects lending in the banking sector will not contract this year despite a slowdown based on ongoing debt deleveraging.