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Search Result for “Fitch”

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GENERAL

Finance ministry pursuing better stability

Wichit Chantanusornsiri, Published on 26/09/2025

» The Ministry of Finance vows to lay the groundwork for fiscal consolidation to strengthen financial stability during the four-month tenure of the new government, says Vorapak Tanyawong, the new deputy minister.

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GENERAL

Thailand's credit rating not a concern, no VAT hike plan: official

Published on 26/09/2025

» Thailand's credit rating is not a concern due to very low levels of foreign debt, a deputy finance minister said on Friday, adding that the government is now trying to boost the economy to bring "the light at the end of the tunnel".

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GENERAL

Medium-term fiscal plan set to be revised

Business, Wichit Chantanusornsiri, Published on 26/09/2025

» The government is preparing to revise the medium-term fiscal plan and set out a fiscal consolidation framework to sustainably reduce the deficit, with the deficit expected to gradually decline after 2026.

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GENERAL

PM Anutin vows prudence to avoid rating cut

Published on 25/09/2025

» Prime Minister Anutin Charnvirakul says he will look to build confidence in Thailand’s economy following an outlook downgrade by Fitch Ratings.

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GENERAL

Fitch cuts Thailand’s outlook to negative

Published on 24/09/2025

» Fitch Ratings has downgraded Thailand’s credit rating outlook to negative from stable, citing rising risks to public finances from prolonged political uncertainty and weakening growth prospects.

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GENERAL

Vietnam is guiding the dong lower as US tariffs threaten exports

Published on 19/09/2025

» Vietnam is using the age-old tactic of currency depreciation to gain a competitive advantage over its Southeast Asian peers as nations look for ways to ease the burden from US President Donald Trump’s trade tariffs.

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GENERAL

Vietnam's credit splurge risks fuelling asset bubbles, government warned

Published on 11/09/2025

» HANOI - Vietnam's breakneck credit expansion may fuel asset price bubbles, prominent academics of the Southeast Asian nation warned its lawmakers last week, documents showed.

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GENERAL

Thai Senate approves 2026 budget

Published on 02/09/2025

» The Senate on Tuesday approved Thailand’s 3.78-trillion-baht budget for 2026, offering relief to investors concerned about political uncertainty following the court-ordered dismissal of Paetongtarn Shinawatra as prime minister last week. 

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GENERAL

Fitch: Bad loans expected to pressure large Thai banks

Business, Somruedi Banchongduang, Published on 27/08/2025

» Thailand's six major banks are likely to face rising asset risks over the next several years, pressured by a continued increase in impaired loans, according to Fitch Ratings Thailand.

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GENERAL

Chinese carmakers reduce discounts after Beijing's warning, but no end in sight to price war

Published on 08/08/2025

» Chinese carmakers have refrained from offering steep discounts to align with Beijing's efforts to protect a vital industry, but an end to the prolonged price war remains elusive, as the sector grapples with overcapacity and weak consumer demand for high-ticket items.