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BUSINESS

Central bank vigilant of future risks

Business, Pawee Sirimai, Published on 20/06/2017

» The Bank of Thailand's Monetary Policy Committee (MPC) and Financial Institutions Policy Committee (FIPC) say Thailand's financial system still faces several risk factors in the periods ahead.

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BUSINESS

EDC terminal installation misses mark

Business, Pawee Sirimai, Published on 09/06/2017

» The government's plan to completely install 560,000 credit and debit card-swiping terminals by the first quarter of next year could be delayed, says a senior Bank of Thailand official.

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BUSINESS

MPC warns economy on shaky ground

Business, Pawee Sirimai, Published on 08/06/2017

» Thailand's potential growth is likely to falter due to structural factors, some members of the Monetary Policy Committee (MPC) warned in edited minutes of the policy rate setter's meeting held last month.

BUSINESS

BoT eases up on forex regulations

Business, Pawee Sirimai, Published on 06/06/2017

» The Bank of Thailand yesterday loosened a set of foreign exchange regulations, including allowing Thais to invest directly in securities abroad at an amount of up to $1 million a year, in a fresh bid to accommodate capital outflows, curb the appreciating baht (which briefly slipped below 34 to the US dollar) and make doing business easier.

BUSINESS

Export growth 'to hold'

Business, Pawee Sirimai, Published on 01/06/2017

» The export recovery is set to hold steady for the remainder of the second quarter, but its knock-on effects on other sectors remain unclear, says a Bank of Thailand senior official.

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BUSINESS

BoT tracking offshore inflows

Business, Pawee Sirimai, Published on 30/05/2017

» The Bank of Thailand is still closely monitoring offshore inflows after the baht appreciated to just shy of 34 to the US dollar. The central bank will also hold steady on its tapering measures for short-dated bonds next month.

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BUSINESS

Global forum urges stronger e-commerce security

Business, Pawee Sirimai, Published on 30/05/2017

» The Payment Card Industry Security Standards Council recommends strong security standards in the payment system in order to foster the e-commerce industry in Thailand.

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BUSINESS

BoT losses taper off

Business, Pawee Sirimai, Published on 27/05/2017

» The Bank of Thailand's net loss narrowed by 9% to 80.8 billion baht in 2016, with the central bank saying its accumulated losses would not affect operations.

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BUSINESS

IFRS9 warrants higher loan buffers

Business, Pawee Sirimai, Published on 26/05/2017

» Financial institutions are expected to set aside more money to cover potential losses from loans to comply with the new International Financial Reporting Standards 9 (IFRS9), due to be implemented in Thailand on Jan 1, 2019.

BUSINESS

MPC keeps rate steady, frets over bad SME loans

Business, Pawee Sirimai, Published on 25/05/2017

» The Bank of Thailand's Monetary Policy Committee (MPC) kept the policy rate unchanged yesterday at 1.5% as widely expected while voicing concerns over the debt-servicing ability of small and medium-sized enterprises (SMEs).