Showing 1 - 10 of 49
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.
How interest rates affect household debt
Business, Somruedi Banchongduang, Published on 09/11/2023
» Elevated interest rates became the topic of public discussion recently after a homebuyer posted her home instalment payment of 10,900 baht on social media, of which the principal accounted for only five baht, while interest expense was 10,894.5 baht.
BoT increases policy rate to 2.50%
Business, Somruedi Banchongduang, Published on 28/09/2023
» The Bank of Thailand's Monetary Policy Committee (MPC) voted unanimously yesterday to raise the policy rate by a quarter percentage point from 2.25% to 2.50%, effective immediately, the highest level since October 2013.
Market forecasts rate hike cycle nears end
Business, Somruedi Banchongduang, Published on 16/08/2023
» With the Bank of Thailand gradually raising its policy benchmark rate for a year as part of its monetary policy normalisation to tame inflation, the market now expects the rate hike cycle to end.
Thai growth set to beat BoT forecast
Business, Somruedi Banchongduang, Published on 16/06/2023
» The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth.
Interest rates forecast to continue rising
Business, Somruedi Banchongduang, Published on 05/06/2023
» Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.
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.
PFA to offer P2P lending service in Q4 of 2022
Business, Somruedi Banchongduang, Published on 11/06/2022
» Fintech firm Peer For All (PFA) plans to offer a peer-to-peer (P2P) lending service in the final quarter of 2022.
LH Bank aims to expand Taiwan base
Business, Somruedi Banchongduang, Published on 04/03/2022
» Land and Houses Bank (LH Bank) aims to expand its Taiwanese corporate customer base by 500 companies in five years thanks to positive growth of the Asean economy and Thailand's strong fundamentals.
Higher prices won't affect the macro economy: BoT
Business, Somruedi Banchongduang, Published on 12/01/2022
» The Bank of Thailand is concerned with higher prices for living costs, but not in terms of overall price stability, says the central bank governor.