Showing 1 - 10 of 113
Industrial decline forcing Thais into service jobs
Somruedi Banchongduang, Published on 08/01/2026
» The Bank of Thailand (BoT) has expressed concern over the weakening income outlook in the labour market, as an industrial slowdown continues to push workers into the service sector.
Moody's cuts outlook for banks
News, Somruedi Banchongduang, Published on 02/05/2025
» Moody's Ratings (Moody's) yesterday changed the outlook of seven Thai financial institutions to negative from stable.
Applications for hotel asset warehousing scheme decrease
Business, Somruedi Banchongduang, Published on 30/11/2022
» The total number of hoteliers affected by the Covid-19 pandemic applying for the central bank's asset warehousing scheme has declined thanks to the rebound in the tourism sector, according to an executive at the Bank of Thailand (BoT).
Top banks set lower NPL targets for 2022
Business, Somruedi Banchongduang, Published on 21/02/2022
» Four local banks unveiled their financial goals for this year, with all setting lower non-performing loan (NPL) targets in line with the economic recovery, although the rebound is projected to be uneven.
Impact of Omicron less than expected, says BoT
Business, Somruedi Banchongduang, Published on 01/02/2022
» The Bank of Thailand (BoT) believes the Omicron coronavirus variant has affected the economy to a lesser degree than predicted, despite dampening the country's economic activities during January.
Forecast cut for foreign arrivals
Business, Somruedi Banchongduang, Published on 23/12/2021
» The Bank of Thailand has cut its forecast for foreign tourist arrivals in 2022 because of the impact of the Omicron variant and government measures to restore mandatory quarantine for visitors entering the country from overseas.
World Bank upbeat on Thai growth
Business, Somruedi Banchongduang, Published on 15/12/2021
» The World Bank predicts Thai economic activity will return to 2019 levels by the end of 2022, helping support GDP growth of 3.9% next year, up from 1% this year.
Branches ordered closed in 13 provinces
Business, Somruedi Banchongduang, Published on 20/07/2021
» The Thai Bankers' Association (TBA) yesterday announced the temporary closure of physical branches of commercial banks located in department stores, shopping centres and community malls in 13 provinces, in line with the government's tightening restrictions to contain the Covid-19 outbreak.
BoT: Rate cut is not the answer
Business, Somruedi Banchongduang, Published on 17/07/2021
» A ceiling rate cut for consumer loans would not be a holistic solution to help ease the debt burden of individual borrowers, says an executive of the Bank of Thailand.
Committee cuts GDP forecast to 0-1.5% amid latest outbreak
Business, Somruedi Banchongduang, Published on 08/07/2021
» A private sector council has cut Thailand's economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak.