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Advanced search
Showing 1-10 of 6,817 results
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Handout funding to diminish spending on other projects
Business, Wichit Chantanusornsiri, Published on 27/04/2024
» Once the government allocates substantial funds for its flagship digital wallet handout, spending on other projects will be reduced, says finance permanent secretary Lavaron Sangsnit.
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SCG tracking events in the Middle East
Business, Lamonphet Apisitniran, Published on 26/04/2024
» SET-listed Siam Cement Group (SCG), Thailand's largest cement maker and industrial conglomerate, expects its energy and operating costs as well as expenses for raw materials to increase if conflicts in the Middle East escalate.
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Banks agree to reduce loan rates
Business, Somruedi Banchongduang, Published on 26/04/2024
» Thai banks are set to cut the minimum retail rate (MRR) by 25 basis points for a period of six months, aiming to alleviate the debt burden for vulnerable customers in response to the prime minister asking lenders to lower interest rates for vulnerable groups and small businesses.
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Analysts: Rate cut unlikely before Q2 of 2025
Business, Nareerat Wiriyapong, Published on 26/04/2024
» The Bank of Thailand is unlikely to lower interest rates until the second quarter of 2025, when the economy could hit a fiscal cliff after the impact of the 10,000-baht digital handout diminishes, as expectations grow that the Federal Reserve will keep US rates elevated for longer, say analysts.
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Images search for " stimulus "
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SET chairman’s exit could pave way for cabinet post
Published on 25/04/2024
» Stock Exchange of Thailand chairman Pichai Chunhavajira has resigned in a move that is seen as paving the way for his appointment as finance minister in a cabinet reshuffle.
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The thorny issue of digital wallet funding
Business, Wichit Chantanusornsiri, Published on 25/04/2024
» The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.
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VDOs search for " stimulus "
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Phumtham plays down central bank warning on handouts
News, Aekarach Sattaburuth, Published on 25/04/2024
» Deputy Prime Minister and Commerce Minister Phumtham Wechayachai is downplaying the leak of a classified document from the Bank of Thailand (BoT), which contains warnings for the government against implementing the digital wallet handout scheme.
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Finance Ministry hits back at digital wallet criticism
Published on 24/04/2024
» The Ministry of Finance has reiterated that the government’s flagship digital wallet scheme is not only intended to offer economic relief to vulnerable groups, but also aims to stimulate the economy.
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Counsel sought on Bank for Agriculture and Agricultural Cooperatives loan
News, Phusadee Arunmas, Published on 24/04/2024
» The government has agreed to ask the Council of State, its legal arm, to interpret whether the Bank for Agriculture and Agricultural Cooperatives (BAAC) can legitimately allow the government to borrow 172.3 billion baht to finance its digital wallet handout scheme partially.
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Srettha nudges big banks to cut loan rates
Published on 23/04/2024
» Prime Minister Srettha Thavisin has urged the country’s four biggest commercial banks to reduce loan interest rates for vulnerable groups and small businesses after the Bank of Thailand repeatedly ignored his calls to lower borrowing cost from a decade-high.
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