Showing 1 - 10 of 17
BoT puts last quarter GDP growth at 3.7%
Somruedi Banchongduang, Published on 30/11/2023
» The Bank of Thailand (BoT) predicts gross domestic product (GDP) growth of 3.7% in the final quarter this year, attributed to the low-base effect amid a continued recovery driven by private consumption and tourism.
Politics plays a role in baht drift
Business, Somruedi Banchongduang, Published on 17/08/2023
» Prolonged political uncertainty is exacerbating baht volatility against the dollar as Thailand still has not formed a new government, says the head of the Bank of Thailand.
Exploring efforts to ease dollar volatility
Business, Somruedi Banchongduang, Published on 24/05/2023
» Regulations have limited growth of yuan-baht trade payment even as the central banks of Thailand and China have encouraged local currency settlement for quite some time.
BoT poised to raise rate by quarter-point
Business, Somruedi Banchongduang, Published on 27/03/2023
» The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists.
BoT to hold hearings on virtual bank licences
Business, Somruedi Banchongduang, Published on 15/10/2022
» The Bank of Thailand plans to hold a public hearing about virtual bank licensing early next year, in a move to expand access to financial services for underbanked and unbanked consumers.
Bank pact aids expansion
Business, Somruedi Banchongduang, Published on 15/09/2021
» The Bank of Thailand and Bank Negara Malaysia (BNM) are prepared for cross-border business expansion under a bilateral Qualified Asean Bank (QAB) agreement.
CIMBT, Sabuy tie up to offer cross-border transfers
Business, Somruedi Banchongduang, Published on 18/02/2021
» CIMB Thai Bank (CIMBT) has joined forces with MAI-listed Sabuy Technology Co to jointly develop an ecosystem platform for cash management and money transfers domestically and regionally.
KBank app handling transfers in 12 currencies
Business, Somruedi Banchongduang, Published on 20/05/2020
» Kasikornbank is doubling the number of foreign-denominated currencies to 12 in KBank's international money transfer service via mobile banking app K Plus, covering 30 countries.
Baht set to rise until end of month
Business, Somruedi Banchongduang, Published on 16/05/2019
» The upside gain for the baht, Asia's strongest performing currency this year, is limited after rallying since the beginning of this month, propelled by the escalating trade tension between the US and China, says a senior official at Kasikornbank (KBank).
KBank: Baht could shave B125bn off export revenue
Business, Somruedi Banchongduang, Published on 18/10/2018
» More than 100 billion baht in possible export revenue could be lost this year if the baht's year-end value remains unchanged from 32.57 against the dollar, the level at the end of last year, says Kasikornbank (KBank).