Showing 21 - 30 of 143
KBank cuts growth forecast to 0.5% from 2.7%
Somruedi Banchongduang, Published on 05/03/2020
» Kasikorn Research Center (K-Research) has slashed its forecast for the country’s economic growth this year to 0.5% from 2.7%, assuming that the coronavirus spread will wipe 410 billion baht off tourism receipts.
Banks allowed to use facial recognition
Somruedi Banchongduang, Published on 06/02/2020
» The Bank of Thailand has allowed six commercial banks to offer facial recognition for electronic Know Your Customer (e-KYC) technology to verify the identity of new customers under the regulatory sandbox when opening online deposit accounts.
SCB pessimistic on 2020 GDP growth
Somruedi Banchongduang, Published on 05/02/2020
» Siam Commercial Bank’s Economic Intelligence Center (EIC) has offered the most pessimistic view yet of Thailand’s 2020 economic growth, slashing its forecast from 2.7% to 2.1% after taking into account the coronavirus epidemic and the delayed fiscal budget.
MPC votes for surprise rate cut
Somruedi Banchongduang, Published on 07/08/2019
» The Bank of Thailand’s Monetary Policy Committee (MPC) voted to cut the policy interest rate by 25 basis points to 1.5%, an unexpected to move to shore up Thailand’s economic growth momentum amid intensifying Sino-US trade tensions.
Cashless movement picks up steam
Somruedi Banchongduang, Published on 01/08/2019
» Online payments are growing exponentially as banks and tech firms enter the segment
Project Inthanon heads to Phase III
Somruedi Banchongduang, Published on 18/07/2019
» The Bank of Thailand's Project Inthanon Phase III, which involves interoperability among ledgers for cross-border funds transfer, is expected to start next month and conclude during the fourth quarter of this year.
Joint committee’s GDP forecast range dips below 3% growth
Somruedi Banchongduang, Published on 10/07/2019
» The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has taken a more pessimistic view by cutting its forecast range for Thailand’s full-year economic growth, with the lower end now below the 3% mark.
Politics key threat to Thai outlook, World Bank warns
Somruedi Banchongduang, Published on 08/07/2019
» Prolonged political uncertainty is a key risk for Thailand’s economic outlook, according to the World Bank’s Thailand Economic Monitor.
BBL maintains NPL caution despite better asset quality
Business, Somruedi Banchongduang, Published on 14/03/2019
» Bangkok Bank (BBL) is keeping its guard up with plans to set aside loanloss provisions this year at the same level as last year to cope with global economic uncertainties, despite improving asset quality.
BoT probes upsurge in auto lending
Business, Somruedi Banchongduang, Published on 16/02/2019
» The Bank of Thailand has launched an examination of auto loans after lending for car purchases last year surged at a double-digit rate, the fastest pace in the past six years.