Showing 1 - 10 of 1,016
Auto loan rejections could hit 40%
Published on 31/05/2024
» The auto loan rejection rate is expected to total 30-40% of applications this year, similar to last year, given ongoing concern over bad debt among lenders, says the Federation of Thai Industries (FTI).
Central bank says current inflation goal 'appropriate'
Bloomberg News, Published on 30/05/2024
» The Bank of Thailand (BoT) defended its goal to keep inflation within a band of 1% to 3% as "appropriate" for the prevailing economic conditions, after the government sought a review over concerns the current target may be too low.
Call for action on real estate loans
Business, Wichit Chantanusornsiri, Published on 28/05/2024
» The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
Economic chiefs weigh steps to lift growth, credit access
Published on 27/05/2024
» Thailand’s economic chiefs underscored the need for urgent stimulus measures and improved access to credit for small business to accelerate growth rate in the short-term amid the highest interest rate in a decade and near-zero inflation.
Asian shares retreat on China weakness
Business, Published on 18/05/2024
» RECAP: Stocks in Asia fell yesterday after data from China showed fresh economic weakness and traders reassessed the path forward for US interest rates.
Pichai: Financial access more worrying than interest rates
Published on 16/05/2024
» The government is more worried about financial access than interest rates, Finance Minister Pichai Chunhavajira said on Thursday.
War of independence
Business, Published on 13/05/2024
» Following a speech by Pheu Thai Party leader Paetongtarn Shinawatra declaring the independence of the Bank of Thailand an obstacle to fixing a stagnant economy, the issue has been echoed in media reports, fuelling an ongoing rift between the central bank and the coalition government.
China's exports and imports return to growth
Reuters, Published on 09/05/2024
» BEIJING: China's exports and imports returned to growth in April after contracting in the previous month, customs data showed on Thursday, signalling an encouraging improvement in demand at home and overseas in a boost to a shaky economic recovery.
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.
‘Buy now, pay later’ abuse under scrutiny
Somruedi Banchongduang, Published on 07/05/2024
» The National Credit Bureau (NCB) is calling on providers of buy now, pay later (BNPL) services to improve risk controls to prevent misuse of the system to create informal loans.