Showing 1 - 10 of 24
War of independence
Business, Published on 13/05/2024
» Following a speech by Pheu Thai Party leader Paetongtarn Shinawatra declaring the independence of the Bank of Thailand an obstacle to fixing a stagnant economy, the issue has been echoed in media reports, fuelling an ongoing rift between the central bank and the coalition government.
The shape of finance to come
Business, Published on 18/03/2024
» Virtual banks are on the horizon after the Royal Gazette published on March 4 the criteria for companies applying for a licence.
Italian-Thai Development faces B108bn debt crunch as overseas projects fail
Bloomberg News, Published on 14/03/2024
» A cash crunch at Thailand's largest construction company is fuelling concern among investors, regulators and rating agencies already unnerved by a series of local corporate scandals and debt defaults.
China vows to improve home sales in ‘orderly’ way
Published on 09/03/2024
» BEIJING - China will improve home sales in a “forceful” and “orderly” way, Housing and Urban-Rural Development Minister Ni Hong said on Saturday, as weak demand in the country’s beleaguered residential property market persists.
On the edge of a precipice?
Business, Published on 12/02/2024
» Tensions between the Bank of Thailand and the coalition government led by Prime Minister Srettha Thavisin, who is also the finance minister, have been apparent for months and flared up last week after the Monetary Policy Committee (MPC) decided to maintain interest rates at 2.5% following a political push for a reduction.
The lowdown on the 1997 financial crisis
Business, Published on 12/02/2024
» The 1997 Tom Yam Kung crisis was triggered by excessive loan extension by financial institutions and the liberalisation of the country's financial market, allowing Thai commercial banks to borrow money from foreign financial institutions to provide loans to businesses, says Sanan Angubolkul, chairman of the Thai Chamber of Commerce.
Bank of Thailand urged to cut rates as smaller firms continue to suffer
Business, Phusadee Arunmas, Published on 30/01/2024
» Thailand's economic situation is worse than expected and the Bank of Thailand (BoT) is being urged to cut interest rates on commercial bank loans to reduce the burden of small and medium-sized enterprises (SMEs).
The future of distressed debt in Thai capital markets
Published on 26/01/2024
» Deloitte's latest report “The future of distressed debt in Thai capital markets”, spotlights Thailand’s distressed debt market – an evolving landscape that faces many challenges but comes with potential opportunities for growth. The report delves into the intricacies of distressed loans and bonds – revealing insights into the market's history; unfolding challenges from a market, regulatory, and infrastructure perspective; and key transformative initiatives based on lessons and case studies from other countries.
Joined at the hip
Business, Post Reporters, Published on 22/01/2024
» The Thai tourism industry posted a disappointing result in terms of arrivals from China last year, recording only 3.5 million visitors, falling far short of the original goal of 5-7 million.
Budget in the spotlight
Business, Published on 15/01/2024
» Business leaders want the government to urge state enterprises and local government organisations to expedite the use of existing investment budgets, while launching more stimulus packages as the nation awaits the fiscal 2024 budget to push the economy forward.