Showing 1 - 10 of 23
KBank: Minimum 3.9% GDP growth
Business, Pawee Sirimai, Published on 24/11/2017
» The country's economic growth is likely to expand by at least 3.9% this year and next, and bad loans have already peaked, says Kasikornbank (KBank) president Predee Daochai.
FIDF asks more of banks
Business, Pawee Sirimai, Published on 22/11/2017
» The proposed amendment of the Bank of Thailand Act will require financial institutions to contribute in the event of future bailout. This contribution requirement will be made only post-crisis not pre-crisis.
Baht appreciates to 30-month high
Business, Pawee Sirimai, Published on 17/11/2017
» The baht rose to 32.95 versus the greenback Thursday, hitting a 30-month high, with Bank of Thailand governor Veerathai Santiprabhob saying the firmer baht is in line with regional peers, driven by the US dollar's retreat.
Unlocking your home's equity
Business, Pawee Sirimai, Published on 06/11/2017
» A reverse mortgage is a powerful source of income for retirees. It helps them cover daily living expenses and healthcare costs by converting their home equity into cash with no repayment of the loan until the borrower dies or the home is sold.
Demand for B/E cools after defaults
Business, Pawee Sirimai, Published on 18/10/2017
» Bills of exchange (B/E) issuance continues to drop this year as companies have shifted to rely on other debt instruments after a series of B/E defaults occurred late last year, says the Thai Bond Market Association (TBMA).
World Bank ups Thai GDP forecast
Business, Pawee Sirimai, Published on 25/08/2017
» The World Bank has a more bullish view on Thai economic growth, raising its estimate to 3.5% this year and 3.6% in 2018 after a stronger-than-expected first half for exports and tourism.
ADB urges $8bn extra annual spend
Business, Pawee Sirimai, Published on 24/08/2017
» An additional US$8 billion (267 billion baht) of annual infrastructure investment is needed for Thailand through 2030 to accelerate the country's economic growth pace to 4.2%, says the Asian Development Bank (ADB).
Moody's warns of banking sector risks
Business, Pawee Sirimai, Published on 23/08/2017
» Thai banks still face a variety of risks, including high household debt, economic growth with high exposure to external demand and rising restructured loans, says Moody's Investors Service.
Debt relief for flood victims
Business, Pawee Sirimai, Published on 05/08/2017
» The Bank of Thailand has asked financial institutions under its supervision to ease debt repayment conditions for victims of floods that have ravaged several provinces in the northern, northeastern and central regions of the country.
Household income fall feared
Business, Pawee Sirimai, Published on 18/07/2017
» The Siam Commercial Bank's Economic Intelligence Center (EIC) has expressed concerns that household spending will run out of steam with the decline in commodity prices, posing a risk to economic growth.