Showing 81 - 90 of 187
Baht erodes further after Somkid's exit
Business, Somruedi Banchongduang, Published on 17/07/2020
» The baht continued to weaken on Thursday after the resignations of Deputy Prime Minister Somkid Jatusripitak and four other key officials, reflecting foreign investors' concerns about the continuity of the government's economic policies.
BoT predicts two-year recovery path
Business, Somruedi Banchongduang, Published on 15/07/2020
» Thailand's economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand's chief.
Deposits flowing despite paltry rates
Business, Somruedi Banchongduang, Published on 16/06/2020
» Despite rock-bottom interest rates, more than 1 trillion baht in money flowed into 10 SET-listed banks at the end of April from the end of 2019, indicating increasing appetite for safe-haven deposit accounts even as the pandemic spiralled during that period.
KTB speeds up branch consolidation plan
Business, Somruedi Banchongduang, Published on 15/06/2020
» Krungthai Bank (KTB) plans to accelerate its branch downsizing and consolidation schedule for 80-100 sites this year, aiming to maintain half of existing staff by having them work from home to adapt to post-pandemic behaviour.
K-Research glum on recovery outlook
Business, Somruedi Banchongduang, Published on 03/06/2020
» The country's main industries and economic growth are expected to take longer than one year to return to pre-pandemic levels, while an unemployment spike is the greatest concern, says Kasikorn Research Center (K-Research).
Two-year path to prior growth seen
Business, Somruedi Banchongduang, Published on 29/05/2020
» The economy could take at least two years to return to pre-coronavirus growth levels and this year's nadir could be delayed in the event that a second-wave outbreak occurs, says Standard Chartered Bank Thai.
BoT cuts key rate to 0.50%
Somruedi Banchongduang, Published on 20/05/2020
» The Bank of Thailand cut its policy rate by 25 basis points to a record low of 0.50% on Wednesday, to help soften the economic impact of the pandemic and social distancing measures.
BoT outlines possible recovery paths
Business, Somruedi Banchongduang, Published on 01/05/2020
» The economy is likely to stage a V- or U-shaped recovery, while a W-shaped rebound is not far-fetched if a second wave of coronavirus occurs, says a senior official at the central bank.
Commercial customers see upgrade
Business, Somruedi Banchongduang, Published on 28/04/2020
» Banks have made a push for greater adoption of digital banking channels, offering more services to improve convenience for commercial customers amid social distancing to contain the pandemic.
TBA sees likelihood of rising bad loans
Business, Somruedi Banchongduang, Published on 05/03/2020
» The Thai Bankers' Association (TBA) expects non-performing loans (NPLs) to keep rising and says banks may need to set aside additional reserves for credit losses this year.