Showing 1 - 10 of 22
Small firms feel the pinch amid an array of challenges
Business, Wichit Chantanusornsiri, Published on 31/08/2024
» Thai small and medium-sized enterprises (SMEs) remain trapped in a cycle of rising costs, declining revenues and weakening consumer purchasing power.
ARI-AMC to handle B30bn in bad loans
Business, Wichit Chantanusornsiri, Published on 13/08/2024
» ARI-AMC, a joint venture between Government Savings Bank (GSB) and Bangkok Commercial Asset Management Plc (BAM), looks set to transfer non-performing loans (NPLs) from the bank worth 30 billion baht for management.
Retirement lottery to the rescue
Business, Wichit Chantanusornsiri, Published on 25/07/2024
» It is alarming that nearly half of the country's workforce, comprising 37.5 million people, lacks a retirement savings plan.
Call for action on real estate loans
Business, Wichit Chantanusornsiri, Published on 28/05/2024
» The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
NESDC sees personal loans soar
Business, Wichit Chantanusornsiri, Published on 05/03/2024
» Personal loans have surged due to a shortage of personal liquidity while credit quality has diminished, according to the latest report by the National Economic and Social Development Council (NESDC).
NESDC revises growth outlook
Business, Wichit Chantanusornsiri, Published on 20/02/2024
» The National Economic and Social Development Council (NESDC) has revised down gross domestic product (GDP) growth for 2023 and its outlook for 2024 to 1.9% and 2.7%, suggesting the Bank of Thailand (BoT) use financial measures to support the economy, says secretary-general Danucha Pichayanan.
Commercial banks turn cautious with SMEs
Business, Wichit Chantanusornsiri, Published on 21/11/2023
» Commercial banks are being more cautious in granting loans to small and medium-sized enterprises (SMEs), while housing loans have slowed down due to rising interest rates and rising living costs, said Atchana Lamsam, the Bank of Thailand's senior director of modelling in the supervision and risk assessment department, in a statement providing an overview of commercial banks in the thrird quarter of 2023.
VAT refunds surge after reopening
Business, Wichit Chantanusornsiri, Published on 31/05/2023
» Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.
GSB auto loan venture poised to lend B20bn
Business, Wichit Chantanusornsiri, Published on 23/04/2022
» The motorcycle and car title loan joint venture of Government Savings Bank (GSB) expects to lend around 20 billion baht this year, up 25% from last year, says bank president Vitai Ratanakorn.
Meeting set to address household debt issue
Business, Wichit Chantanusornsiri, Published on 17/06/2021
» The Finance Ministry, the Bank of Thailand and state-owned banks will hold a meeting soon to find ways to help ease the hardship caused by the pandemic among individual borrowers, said Deputy Finance Minister Santi Promphat.