Showing 1 - 10 of 40
Thai political battles take toll on investment
Business, Somruedi Banchongduang, Published on 01/07/2025
» Bangkok Bank (BBL) anticipates that ongoing domestic political instability will further delay investment decisions, compounding the impact of US tariffs on Thai exports.
Economists anticipate 0.25% hike
Business, Somruedi Banchongduang, Published on 08/05/2023
» Local economists are predicting the Bank of Thailand will increase its policy rate to a terminal level of 2% this month after estimating the Fed's funds rate has already peaked.
Banks eye yuan-baht trade payments
Business, Somruedi Banchongduang, Published on 27/04/2023
» The Bank of Thailand is in discussions with China's central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility.
BoT sees uptick in fourth quarter
Business, Somruedi Banchongduang, Published on 30/09/2021
» The Bank of Thailand believes the economy bottomed out in the third quarter and should gradually pick up from the fourth quarter thanks to progress in the vaccination rollout and earlier than expected relaxation of the government's containment measures.
BoT reduces annual growth forecast to 3%
Business, Somruedi Banchongduang, Published on 25/03/2021
» The Bank of Thailand on Wednesday slashed its economic growth forecast this year to 3% from 3.2% made in December, given the impact of the second wave of Covid-19 infections and tepid tourism.
BoT sees slower recovery in 2021
Business, Somruedi Banchongduang, Published on 24/09/2020
» Thailand's economic recovery is expected to take longer than previously anticipated, mainly due to the drastic decline in foreign tourist numbers, says the Bank of Thailand.
ADB predicts steeper GDP contraction
Business, Somruedi Banchongduang, Published on 19/06/2020
» The Thai economy is estimated to shrink by 6.5% this year, eroding from a 4.8% contraction seen previously, as the coronavirus pandemic takes a toll on domestic consumption and investment and pummels outbound merchandise and services, says the Asian Development Bank (ADB).
Banking trio announce uneven Q1 results
Business, Somruedi Banchongduang, Published on 21/04/2020
» The unaudited consolidated net profit of three commercial banks -- Siam Commercial Bank (SCB), TMB Bank and Tisco Financial Group -- were mixed for the first quarter, with most recording a bad loan uptick, while SCB's chief warned Covid-19 impacts will be apparent in future quarters.
Krungsri Consumer readies B50bn for debt relief
Business, Somruedi Banchongduang, Published on 15/04/2020
» Krungsri Consumer, an unsecured loan unit under Bank of Ayudhya (BAY), has prepared cash flow worth 50 billion baht for the debt relief scheme's implementation over the course of two months, its chief says.
BoT predicts 5.3% GDP dive in 2020
Business, Somruedi Banchongduang, Published on 26/03/2020
» The Bank of Thailand on Wednesday forecast the economy to shrink by 5.3% this year, the first contraction since the 2008 global financial crisis, but stayed unchanged on the policy interest rate.