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BUSINESS

IMF, EIC predict growth of less than 3%

Business, Somruedi Banchongduang, Published on 09/10/2019

» The IMF forecasts Thailand's GDP growth to slow to 2.9% this year before improving marginally to 3% in 2020, while the Economic Intelligence Center (EIC) under Siam Commercial Bank (SCB) sees growth of 2.8% for this year and next.

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BUSINESS

A banker getting his sea legs in fintech

Business, Somruedi Banchongduang, Published on 29/06/2019

» With fintech companies growing rapidly and challenging established banks by harnessing new technologies, plenty of C-level bankers have left the traditional financial services industry to join fintech firms, and Rungruang Sukkirdkijpiboon is among them.

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BUSINESS

Fragile residential market presaged

Business, Somruedi Banchongduang, Published on 06/07/2018

» A higher ratio of new mortgages with loan-to-value (LTV) rates exceeding 90%, the increasing loan-to-income (LTI) proportion and deteriorating bad mortgage rates all point to the residential property market's fragility, warns the Bank of Thailand's Monetary Policy Committee and Financial Institutions Policy Committee.

BUSINESS

Amro eyes amiable Thai policy rate

Business, Somruedi Banchongduang, Published on 12/06/2018

» Thailand's monetary policy is expected to remain accommodative until year-end, given that high foreign reserves and subdued inflation provide the policy space, says the Asean+3 Macroeconomic Research Office (Amro).

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BUSINESS

MPC, FIPC call for tighter leash on cooperatives

Business, Somruedi Banchongduang, Published on 23/12/2017

» Two key committees have called for the regulator overseeing thrift and credit cooperatives to speed up tightening prudential regulations.

BUSINESS

Thai banks go for AEC growth path

Business, Somruedi Banchongduang, Published on 14/04/2014

» Big Thai banks are flexing their muscles in neighbouring countries to be first movers and take advantage of the common market of the Asean Economic Community (AEC) in late 2015.