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Search Result for “GSB”

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GENERAL

GSB head urges prolonged rate cut

Business, Wichit Chantanusornsiri, Published on 23/06/2025

» Vitai Ratanakorn, president of Government Savings Bank (GSB) and a candidate for Bank of Thailand governor, has suggested the policy interest rate should be greatly lowered for a sustained period to revive the stagnant economy.

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GENERAL

Minister seeks support for export firms

Business, Wichit Chantanusornsiri, Published on 16/05/2025

» State-owned financial institutions are being urged to step up introducing measures to support Thailand's export businesses and the supply chain.

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THAILAND

Banks roll out relief measures for victims

News, Anucha Charoenpo, Published on 31/03/2025

» Eight state-owned banks have introduced relief measures for victims of the earthquake including debt repayment suspension and low-interest loans, says deputy government spokesman Anukul Prueksanusak.

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THAILAND

IRPC garners over 11 billion baht in successful bond launch

Published on 25/03/2025

» A successful bond issuance totalling over 11 billion baht has reaffirmed strong investor confidence in IRPC Public Company Limited (IRPC). The offering, which included five bond tranches and one digital bond, highlights the company’s ongoing commitment to innovation, sustainability, and operational resilience.

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THAILAND

IRPC Launches Bonds with Stable Returns Up to 4.35%

Published on 19/03/2025

» IRPC Public Company Limited (IRPC) is set to launch five classes of bonds, including digital bonds, offering stable interest rates ranging from 3.80% to 4.35% per annum. The bonds, rated A- by Tris Rating on 3 March 2025, reflect strong investor confidence in IRPC’s commitment to innovation, sustainability, and operational resilience.

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GENERAL

Banks urged to ramp up lending to Thais

Business, Wichit Chantanusornsiri, Published on 17/03/2025

» With household and non-performing debts unlikely to increase further, Finance Minister Pichai Chunhavajira says now is the ideal time to encourage financial institutions to accelerate loan extensions.

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LIFE

Red Hat unit sees AI as new engine of growth

Business, Suchit Leesa-nguansuk, Published on 14/03/2025

» Red Hat Thailand, the local operating unit of the global open source firm, expects artificial intelligence (AI) to be its new growth engine, enabling organisations to deploy generative AI on a cost-effective basis.

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GENERAL

Several banks reduce loan rates, following the regulator

Business, Published on 06/03/2025

» Six major commercial banks and a handful of state-owned banks announced a reduction of lending interest rates following the Bank of Thailand's policy rate cut late last month to alleviate the financial burden for borrowers amid a weakening economy.

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GENERAL

Second 'You Fight, We Help' phase may aid 1.7m debtors

Business, Wichit Chantanusornsiri, Published on 27/02/2025

» Roughly 1.7 million debtors of non-bank financial institutions, with combined outstanding debt of 50 billion baht, are qualified for assistance under the second phase of the "You Fight, We Help" programme, according to the Finance Ministry's planning unit.

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THAILAND

IRPC to Launch A-Rated Bonds with Yields Up to 4.35%

Published on 18/02/2025

» IRPC Public Company Limited (IRPC) is set to launch and offer bonds and digital bonds to general investors through ten financial institutions, with projected stable interest rates ranging from 3.70% to 4.35% per annum. The bonds have been rated A- by Tris Ratings, reflecting investor confidence in IRPC’s innovation-driven approach to materials and energy. The company aims to strengthen its existing businesses while expanding into new sectors, contributing to a greener society.