Showing 1 - 10 of 23
Escaping the debt cycle
Business, Somruedi Banchongduang, Published on 15/07/2024
» A 25-year-old woman's struggles with debt of 307,000 baht went viral on social media recently when she asked for advice on how to manage what she owed. She earns 22,000 baht per month, with 6,000 baht going towards rent and 3,000 baht monthly for motorcycle loan payments.
Rever Leasing aims to lead EV loan market
Somruedi Banchongduang, Published on 17/04/2024
» Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.
BoT rules out IMF help, cites fundamentals
Business, Somruedi Banchongduang, Published on 21/07/2020
» Thailand does not need financial assistance from the IMF during the pandemic because of the country's strong economic fundamentals and the financial sector, says the Bank of Thailand.
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.
Central bank allays NPL concerns
Business, Somruedi Banchongduang, Published on 01/07/2020
» The banking industry's bad loans are seen climbing higher for the remaining period of the year, but the central bank is giving assurances that commercial banks' capital buffer is strong enough to tolerate rising non-performing loans (NPLs) if the economy shrinks 8.1% this year.
World Bank trims growth view to 3.5%
Business, Somruedi Banchongduang, Published on 07/06/2019
» The World Bank has cut its Thai economic growth forecast for 2019 to 3.5% and plans to review the economic outlook again after a new cabinet line-up is announced.
MPC minutes cite threats
Business, Somruedi Banchongduang, Published on 23/05/2019
» Heightened political uncertainty after the March 24 general election and the trade spat between the US and China are darkening Thailand's economic prospects this year, according to the central bank's minutes from the latest meeting.
Officials reject KTB-TMB merger talk
Business, Somruedi Banchongduang, Published on 26/04/2018
» After a week of mounting speculation over a potential consolidation between Krungthai Bank (KTB) and TMB Bank, KTB's president and TMB's chairman both dispelled the rumours Wednesday, saying there is no merger discussion plan.
KTB keying in on low-income earners
Business, Somruedi Banchongduang, Published on 04/01/2018
» Public servants and low-income earners, segments in which Krungthai Bank (KTB) has an advantage, will be the bank's main focus for digital payment services.
BAY, TMB QR services unleashed from sandbox
Business, Somruedi Banchongduang, Published on 13/12/2017
» Quick response (QR) code payment services from Bank of Ayudhya (BAY) and TMB Bank (TMB) have won the Bank of Thailand's approval to exit from the regulatory sandbox, say senior officials at the two banks.