Showing 11 - 20 of 143
Thai growth rate to take big hit from Russia-Ukraine war
Somruedi Banchongduang, Published on 25/03/2022
» Kasikorn Research Center (K-Research) has slashed its forecast for Thai economic growth this year to 2.5%, mainly as a result of the Russia-Ukraine war.
BoT confident new loan scheme will help SMEs
Business, Somruedi Banchongduang, Published on 21/04/2021
» The Bank of Thailand (BoT) is expecting small and medium-sized enterprises (SMEs) to feel the brunt of the latest wave of Covid-19 infections.
Central bank poised to launch Retail CBDC
Business, Somruedi Banchongduang, Published on 03/04/2021
» The Bank of Thailand is scheduled to launch the Retail Central Bank Digital Currency (CBDC) by the second quarter next year, allowing Thais to access more convenient and secure financial services.
Job woes add to swelling debt load
Business, Somruedi Banchongduang, Published on 23/10/2020
» A rising under-employment rate driven by the Covid-19 crisis will further aggravate the country's swelling household debt and borrowers' debt-servicing struggles, says the Bank of Thailand chief.
K-Research: Recovery to come in a U-shape
Business, Somruedi Banchongduang, Published on 28/08/2020
» Thailand’s economy is likely to see a gradual U-shaped recovery driven by government spending, with the ratio of public debt to GDP possibly edging towards the 60% ceiling rate, says Kasikorn Research Center (K-Research).
BBL wants to wrap up Permata deal by June
Business, Somruedi Banchongduang, Published on 23/04/2020
» Bangkok Bank (BBL) stands ready to pay for a 89.12% stake in Indonesia-based PT Bank Permata Tbk (Permata) to complete the deal by June as required by the amended share purchase agreement, says an executive.
KBank makes most of digital channel services
Business, Somruedi Banchongduang, Published on 23/04/2020
» Kasikornbank (KBank) aims to get a 37% surge in online financial transaction volume through its mobile banking app KPlus to 11.6 billion this year after tallying 700 million in the first quarter as the lockdown increased demand in the digital channel.
BoT records net profit on baht retreat
Business, Somruedi Banchongduang, Published on 23/04/2020
» The Bank of Thailand swung back to a net profit of 365 billion baht for the first three months of this year, largely because the baht retreated against the greenback.
Big banks cut rates by 40 basis points
Somruedi Banchongduang, Published on 09/04/2020
» The country’s six largest commercial banks have passed on cost savings after the Bank of The country’s six largest commercial banks have passed on cost savings after the Bank of Thailand lowered their required contribution to the Financial Institutions Development Fund (FIDF), trimming prime lending rates by 40 basis points to blunt the coronavirus impact on debtors.
KTC says recovery rate unchanged
Business, Somruedi Banchongduang, Published on 12/03/2020
» SET-listed Krungthai Card Plc (KTC), a credit card issuer and personal loan company, managed to keep its recovery rate during January to February unchanged from last year, even as the country's economy faltered.