Showing 1 - 10 of 11
Chinese condo purchases likely depressed this year
Somruedi Banchongduang, Published on 07/04/2025
» Condo transfers from Chinese buyers in Thailand are expected to remain at less than 40% of foreign transfers for the second consecutive year, as tourism from the nation softens and the recent earthquake dents confidence, according to Krungthai Compass, the research centre under Krungthai Bank.
Earthquake set to worsen tourism market
Business, Somruedi Banchongduang, Published on 01/04/2025
» The Bank of Thailand believes the earthquake will further slow the already sluggish recovery of the property sector and impact foreign tourist arrivals.
KBank to transform Make app into digital bank
Business, Somruedi Banchongduang, Published on 15/06/2022
» Kasikornbank (KBank) plans to turn its Make by KBank mobile banking app into a purely digital bank and apply for a virtual banking licence from the Bank of Thailand (BoT).
SCB ready to extend relief to hospitality
Business, Somruedi Banchongduang, Published on 05/03/2021
» Siam Commercial Bank (SCB) is ready to prolong its debt holiday programme for the hospitality business in case the Bank of Thailand does not extend its targeted debt relief measures due to expire in June.
BAY forecasts 10% decline in new mortgages in 2019
Business, Somruedi Banchongduang, Published on 04/02/2019
» New housing loans are expected to shrink by 10% this year, dragged by the central bank's stringent mortgage lending rules and weaker condominium demand from Chinese buyers, says a senior executive at Bank of Ayudhya (BAY).
BoT frets over condo supply risk
Business, Somruedi Banchongduang, Published on 11/01/2019
» The Bank of Thailand is concerned about the risk of weaker demand for condominiums from foreigners, Chinese buyers in particular, as the global economy slows, the central bank's chief says.
Analyst: Mortgage concerns not urgent
Business, Somruedi Banchongduang, Published on 29/09/2018
» Risks from overextended mortgage lending, which has the Bank of Thailand concerned, will not lead to the kind of systematic risk that snowballed into the Asian financial crisis in 1997, given that the majority of presales are real demand, says Kasikorn Research Center (K-Research).
BoT to check property market
Business, Somruedi Banchongduang, Published on 25/09/2018
» The Bank of Thailand will hold a consultation to discuss the "search-for-yield" behaviour prevalent in the property sector with relevant parties because it could lead to higher risk of default in mortgage loans.
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.
BBL reins in lending on housing glut
Business, Somruedi Banchongduang, Published on 10/09/2018
» Bangkok Bank (BBL), the country's largest lender by assets, has tightened both mortgage lending and refinancing for condominium projects to guard against risks amid an oversupply in some areas, says a high-ranking executive.