Showing 1 - 6 of 6
IMF: Thai GDP down 6.7%
Business, Oranan Paweewun, Published on 16/04/2020
» The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender's projection holds true. The revision is attributed to the economic toll of the coronavirus.
BoT schemes to cover 1.7m SMEs
Business, Oranan Paweewun, Published on 08/04/2020
» About 1.7 million small and medium-sized enterprises (SMEs) with total loans outstanding of 2.4 trillion baht are eligible to participate in the Bank of Thailand's six-month deferment period on principal and interest and a 500-billion-baht soft loan scheme, says the central bank's chief.
Breaking the bonds of debt
Business, Oranan Paweewun, Published on 16/03/2020
» Thai household borrowing rose to 13.2 trillion baht at the end of September 2019 from 12.8 trillion baht at the end of 2018, with the ratio relative to GDP climbing to 79.1% from 78.6%. These figures suggest many people are drowning in debt.
ADB hikes Thai GDP outlook on strong H1
Business, Oranan Paweewun, Published on 27/09/2018
» The Asian Development Bank (ADB) has raised Thailand's economic growth forecast to 4.5% this year and 4.3% in 2019 after robust growth of 4.8% in the first half amid improving economic prospects.
Billionaire Bangkok Bank boss leaves solid legacy
News, Oranan Paweewun, Published on 26/06/2018
» As the former chairman of Bangkok Bank Plc, late Thai billionaire Chatri Sophonpanich was not just a prominent figure in Thailand but Asia as a whole.
Banks record mixed bag in Q1
Business, Oranan Paweewun, Published on 20/04/2018
» Siam Commercial Bank's (SCB) first-quarter net profit dropped by 4.6% year-on-year as a rise in operating expenses for digital banking business took a toll, while two mid-sized banks delivered improved net profit despite pursuing conservative management policies in raising provisions for impaired loans.