Showing 1 - 10 of 10
Household debt reaches 18-year high
Business, Somruedi Banchongduang, Published on 03/07/2021
» Thailand's household debt has hit an 18-year high after rising to 90.5% of GDP in the first quarter.
KTB vows cooperation after report's claims
Business, Somruedi Banchongduang, Published on 24/09/2020
» Krungthai Bank (KTB) says it's ready to cooperate with local and international regulatory bodies to investigate funds transfers as the bank awaits clearer information from the US Treasury Department's Financial Crimes Enforcement Network (FinCEN).
Debt Clinic's second phase meets with success
Business, Somruedi Banchongduang, Published on 15/10/2019
» Debt Clinic, the Bank of Thailand's scheme that pools unsecured bad loans owed to multiple creditors to turn them into performing assets, managed to achieve its target of making 10% of participants pay off the debt.
BoT clarifies loans under debt restructuring scheme
Business, Somruedi Banchongduang, Published on 10/10/2019
» The Bank of Thailand insists that banks, under the new financial accounting standard, can extend fresh working capital loans to commercial loan defaulters who are in the debt restructuring process without loan-loss provision requirements for the new loans.
Bank of Thailand extends debt clinic
Business, Somruedi Banchongduang, Published on 13/02/2019
» The Bank of Thailand expects debtors at non-bank financial institutions to participate in the central bank’s Debt Clinic by the second quarter of this year.
Policy rate maintained
Business, Somruedi Banchongduang, Published on 20/09/2018
» The Bank of Thailand stood pat on its policy rate as widely expected Wednesday, but an additional committee member unexpectedly voted for a 25-basis point hike, reinforcing signs that the rate will increase at coming meetings for the first time since 2011.
BoT holds at 1.5%, signals future shift
Business, Somruedi Banchongduang, Published on 09/08/2018
» The Bank of Thailand (BoT) left its policy rate unchanged as expected yesterday but said that the necessity of accommodative monetary policy is subsiding, adding to signs that a shift to a neutral stance is just around the corner.
BoT opts to stand pat on benchmark rate
Business, Somruedi Banchongduang, Published on 17/05/2018
» The Bank of Thailand's rate-setting committee held firm on the policy rate yesterday, saying it was not in a rush to match the global tightening after some of its counterparts in Southeast Asia recently raised rates after the US Federal Reserve's normalisation.
BoT offers seasonal narrative
Business, Somruedi Banchongduang, Published on 12/04/2018
» The Bank of Thailand has sought to dispel fears that the ratio of household debt to GDP accelerated in the final quarter of last year, saying the higher family debt load could be attributed to seasonal spending by mostly middle- to upper-income earners.
Policy rate unchanged to foster growth
Business, Somruedi Banchongduang, Published on 15/02/2018
» The Bank of Thailand's rate-setting panel kept the policy rate unchanged yesterday as widely expected, saying purchasing power has improved, albeit at a gradual pace, and the economic recovery is picking up speed.