Showing 1 - 10 of 15
Economists push authorities for looser monetary policy
Business, Somruedi Banchongduang, Published on 09/09/2024
» Economists believe the time is right for an accommodative monetary policy to ease financial tightening and improve economic activity.
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.
Fitch slashes assessment for banking sector to neutral
Business, Somruedi Banchongduang, Published on 21/06/2024
» Fitch Ratings has downgraded the outlook for the Thai banking sector to neutral from improving, citing a subdued pace of economic recovery that is likely to constrain earnings growth.
BoT: Baht to reverse course in H2
Business, Somruedi Banchongduang, Published on 01/05/2024
» The baht depreciation softened in April, supported by the Thai economy's improving momentum, while a central bank executive expects the local currency to strengthen in the second half of this year.
Economists expect vote for rate cut
Business, Somruedi Banchongduang, Published on 09/04/2024
» Economists anticipate the Bank of Thailand will opt to lower its policy rate on Wednesday, giving a short-term boost to the country's economy, which has been hindered by delays in budget disbursement.
JCB expects spending via its cards to grow 20% this year
Business, Somruedi Banchongduang, Published on 22/03/2024
» JCB International Thailand, a Japan-based credit card firm, wants to broaden its reach among affluent cardholders in the Thai market to enhance its growth this year.
Bank of Thailand warns of long-term downturn
Business, Somruedi Banchongduang, Published on 23/02/2024
» The Thai export sector has lost competitiveness in global markets, with the market share of rice shipments falling by more than 50% over the past 20 years, according to the Bank of Thailand (BoT).
HSBC posts record pre-tax profit in 2023
Business, Somruedi Banchongduang, Published on 22/02/2024
» HSBC Holdings reported a record annual pre-tax profit for 2023 thanks to higher global interest rates, despite the US$3 billion hit on its stake in China's Bank of Communications.