Showing 1 - 10 of 153
BoT considers rate cuts amid debt crisis
Business, Somruedi Banchongduang, Published on 06/07/2023
» The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive.
EIS optimistic on economic prospects in H2
Business, Somruedi Banchongduang, Published on 13/06/2023
» The Economic Intelligence Service (EIS), a research arm of the Thailand Development Research Institute (TDRI), forecasts a better second half for the Thai economy, driven by increased tourism and domestic consumption, although the political instability would need to be monitored.
Worries over baht volatility as coalition talks continue
Business, Somruedi Banchongduang, Published on 25/05/2023
» Investors are concerned that the formation of a new government and political risk could lead to higher baht volatility over the next month, says Kasikornbank (KBank).
Two-pronged approach for Tisco Financial
Business, Somruedi Banchongduang, Published on 20/05/2023
» Tisco Financial Group, a holding company of Tisco Bank, plans to focus on what it considers two businesses related to S-curve industries: auto title loans and corporate banking.
BoT sees strong GDP growth in Q1
Business, Somruedi Banchongduang, Published on 29/04/2023
» The Bank of Thailand (BoT) believes gross domestic product (GDP) growth in the first quarter should beat the previous quarter thanks to continued recovery supported by private consumption and tourism.
Banks hesitate in rush to cashless era
Business, Somruedi Banchongduang, Published on 12/04/2023
» The banking industry's push to discourage the use of cash led some to believe it was a good idea to charge fees for cash transactions and suspend cardless money withdrawals at ATMs.
Banks agree to comply with Bank of Thailand security measures by June
Business, Somruedi Banchongduang, Published on 11/03/2023
» State-owned and commercial banks have agreed to comply with the Bank of Thailand's new cybersecurity measures by the June deadline.
Local banks forecast to move this week
Business, Somruedi Banchongduang, Published on 08/12/2022
» Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.
EIC downgrades growth forecast for 2023
Business, Somruedi Banchongduang, Published on 29/11/2022
» The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies.
TMBThanachart Bank anticipates loan interest rate rise
Business, Somruedi Banchongduang, Published on 05/11/2022
» TMBThanachart Bank (ttb) expects to increase its loan interest rates by at least 0.5-0.6% next year, in line with the Bank of Thailand's monetary policy normalisation.