Showing 1 - 10 of 64
BoT leaves interest rate unchanged
Business, Somruedi Banchongduang, Published on 22/08/2024
» The Bank of Thailand's Monetary Policy Committee (MPC) kept the policy rate steady at 2.5% on Wednesday, in line with the local economic recovery.
Central bank reassessing consumer lending rules
Business, Somruedi Banchongduang, Published on 01/08/2024
» The Bank of Thailand is reviewing its regulations on loan-to-value (LTV) ratios for mortgage loans and minimum payments for credit cards amid the weakened debt servicing ability of individual borrowers.
Doubts cast on central bank's GDP forecasts
Business, Somruedi Banchongduang, Published on 12/07/2024
» Thailand's GDP growth is unlikely to increase in the second half of this year as anticipated by the central bank, according to the newly-appointed chairman of the National Economic and Social Development Council (NESDC), the state planning agency.
CIMBT sees series of policy rate cuts
Business, Somruedi Banchongduang, Published on 10/07/2024
» CIMB Thai Bank (CIMBT) forecasts that the Bank of Thailand is likely to significantly reduce its policy rate by one percentage point between December 2024 and next year, in line with an anticipated cut in the US policy rate.
World Bank urges govt to invest in infrastructure, green economy
Somruedi Banchongduang, Published on 04/07/2024
» The World Bank has advised the Thai government to boost investment in reviving ageing infrastructure and strengthening the green economy, to help drive the country's economic potential beyond 2.7% growth in the medium term.
Even with digital wallet, S&P affirms stable outlook
Business, Somruedi Banchongduang, Published on 17/06/2024
» S&P Global Ratings says it plans to maintain its stable outlook for Thailand's sovereign ratings even if the country implements the digital wallet scheme.
MPC votes 6-1 to keep policy rate
Business, Somruedi Banchongduang, Published on 13/06/2024
» Thailand's GDP growth rate could potentially reach 3% this year, contingent on the disbursement of the fiscal budget and the implementation of the digital wallet scheme this year, according to the central bank.
Superrich responds digitally to growing travel card threat
Business, Somruedi Banchongduang, Published on 15/05/2024
» Despite growth in foreign arrivals, Superrich Currency Exchange (1995) Co, a leading local money changer, recorded zero growth in transactions during the first four months of this year, primarily attributed to competition from travel card services.
World Bank cuts Thai growth forecast
Business, Somruedi Banchongduang, Published on 02/04/2024
» The World Bank has slashed its forecast for Thailand's GDP growth in 2024 to 2.8%, citing a global trade slowdown and delays in the country's fiscal budget disbursement.
Panel likely to maintain policy rate
Business, Somruedi Banchongduang, Published on 07/02/2024
» The Bank of Thailand is expected to maintain its policy rate at Wednesday's Monetary Policy Committee (MPC) meeting, while the central bank will trim its 2024 growth projections in line with a slower growth trajectory.