Showing 1 - 10 of 2,341
BoT, govt may have wrong inflation data
Oped, Chartchai Parasuk, Published on 17/10/2024
» At the time of writing (Tuesday), the Bank of Thailand's Monetary Policy Committee (MPC) had not met to decide on the policy interest rate which is currently set at 2.50%. The panel was scheduled to meet yesterday and the committee was under pressure to lower the rate by 25 basis points. The pressure arises from many months of low inflation rates and the recent strong Thai baht. Several central banks in the region have cut their policy interest rates for those two reasons. The latest one is the Bank of Korea.
House prices having less impact than mortgage woes
Business, Kanana Katharangsiporn, Published on 08/10/2024
» The increase in house prices, driven by rising construction costs, has had a significantly lower impact on prospective homebuyers compared to the difficulty people face in securing mortgage loans, according to property associations.
Banks to tackle high household debt with new measures
Business, Somruedi Banchongduang, Published on 08/10/2024
» The Thai Bankers' Association (TBA) is considering additional measures to improve debt restructuring for vulnerable customer segments in an effort to address the country's household debt crisis.
China's stimulus could be a boon
News, Published on 07/10/2024
» The timing of China's new stimulus package is not coincidental. Arriving just before the 75th anniversary of the People's Republic, the announcement was well-received by equity investors, leading to a surge of more than 15% in the country's main stock indices.
KBank keeps vow to customers
Business, Somruedi Banchongduang, Published on 28/09/2024
» Despite abundant challenges, Kasikornbank (KBank), Thailand's third-largest lender by total assets, remains committed to supporting vulnerable clients in managing their debt throughout the lifetime of their loans.
Asian rally continues in response to China stimulus
Business, Published on 28/09/2024
» RECAP: Stocks in Asia extended gains yesterday as risk appetite across financial markets got a further boost from a series of stimulus measures in China, where stock markets had their best week since 2008. A sharp fall in oil prices also bodes well for disinflation globally.
Entering a new era
Business, Published on 28/09/2024
» As we enter the final quarter of 2024, we have arrived at a new perspective on the economy and investment outlook for the fourth quarter and into 2025, focusing on three main points:
Mortgage growth forecast to plunge
Business, Somruedi Banchongduang, Published on 27/09/2024
» Kasikorn Research Center (K-Research) expects 1.2% growth in mortgages within the commercial banking sector this year, the lowest level of expansion in 23 years.
SC eyes B10bn revenue from new sectors
Kanana Katharangsiporn, Published on 25/09/2024
» SET-listed SC Asset Corporation will invest 20 billion baht between 2025 and 2029 in logistics, hotels and office rentals, aiming to generate a total revenue of 10 billion baht over the five-year period from these recurring income businesses.
US can't rely on inflation shamanism
News, Published on 23/09/2024
» Google "shamanism" and you will find that it is "a tradition of part-time religious specialists who establish and maintain personalistic relations with specific spirit beings through the use of controlled and culturally scripted altered states of consciousness." Every element of that definition applies to monetary policymaking today, as illustrated by the reaction to the US Federal Reserve's Sept 18 decision to cut the short-term interest rate by 50 basis points.