Showing 1 - 10 of 43
Central bank backs effort to tackle cheap Chinese imports
Somruedi Banchongduang, Published on 22/08/2024
» The Bank of Thailand is backing government initiatives to address the issue of cheap Chinese products flooding the Thai market.
Kiatnakin Phatra Research: Potential growth rate below 2%
Business, Somruedi Banchongduang, Published on 23/07/2024
» Kiatnakin Phatra Research (KKP Research) forecasts that Thailand's potential economic growth rate will be below 2% for the next five years due to weaker productivity and competitiveness.
Fitch downgrades based on financial leverage
Business, Somruedi Banchongduang, Published on 11/07/2024
» Fitch Ratings Thailand downgraded three large local companies in the first half of this year based on their weakened ability to repay debt, attributed to increased financial leverage.
SCB EIC predicts fragile conditions for lending
Business, Somruedi Banchongduang, Published on 20/06/2024
» SCB EIC, a research centre under Siam Commercial Bank, anticipates increased fragility in the household and business sectors, which combined with the Bank of Thailand's responsible lending practices will pressure loan growth in the banking industry over the next few years.
MPC votes 6-1 to keep policy rate
Business, Somruedi Banchongduang, Published on 13/06/2024
» Thailand's GDP growth rate could potentially reach 3% this year, contingent on the disbursement of the fiscal budget and the implementation of the digital wallet scheme this year, according to the central bank.
Mortgage rejection rate soars after pandemic
Business, Somruedi Banchongduang, Published on 12/03/2024
» Following the pandemic, there has been a surge in the rejection rate of housing loan applications, attributed to would-be homebuyers' weakened debt repayment capability, stemming from the sluggish economic growth and higher cost of living.
SCB predicts flat growth for SME, retail segments
Business, Somruedi Banchongduang, Published on 07/03/2024
» Siam Commercial Bank (SCB), the banking business unit under SCB X Plc, expects no growth in small and medium-sized enterprise (SME) and retail loans this year, citing the fragile financial conditions of these two customer segments.
Krungsri Research upbeat on economic forecast for Q1
Business, Somruedi Banchongduang, Published on 24/02/2024
» Krungsri Research forecasts the Thai economy will not enter a technical recession as the outlook improved for the first quarter this year.
Citibank: BoT likely to freeze rates for 2 years
Business, Somruedi Banchongduang, Published on 20/01/2024
» Citibank Thailand expects the Bank of Thailand to keep its policy rate steady for two years, in line with a gradual economic recovery and no inflationary pressure.
BoT backs fiscal consolidation amid rising debt
Business, Somruedi Banchongduang, Published on 31/10/2023
» The Bank of Thailand supports fiscal consolidation in line with recommendations by the International Monetary Fund (IMF) to strengthen Thailand's economic resilience in the long term amid higher global uncertainties.