Showing 1 - 10 of 260
EIC forecasts U-shaped recovery
Business, Published on 06/06/2020
» The Thai economy is likely set for a U-shaped recovery and a return to pre-pandemic growth levels in two years, according to the Siam Commercial Bank's Economic Intelligence Center (EIC).
Don't sleep on tax savings
Business, Oranan Paweewun, Published on 01/06/2020
» Against the backdrop of the coronavirus crisis, income uncertainty has become heightened and some individual taxpayers may be tempted to put income tax planning on the back burner.
Commercial banks' NPLs hit 9-year high at end of March
Business, Oranan Paweewun, Published on 19/05/2020
» Local commercial banks' non-performing loans (NPLs) climbed to a nine-year high at 3.05% of loans outstanding at the end of March, with consumer bad loans outpacing commercial NPLs for the first time in four years.
Key sectors' future looks L-shaped
Business, Oranan Paweewun, Published on 16/05/2020
» Industries with employees totalling nearly one-third of the Thai workforce are unlikely to recover this year, even as partial lockdown measures are eased, according to TMB Analytics.
IMF: Thai GDP down 6.7%
Business, Oranan Paweewun, Published on 16/04/2020
» The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender's projection holds true. The revision is attributed to the economic toll of the coronavirus.
BoT schemes to cover 1.7m SMEs
Business, Oranan Paweewun, Published on 08/04/2020
» About 1.7 million small and medium-sized enterprises (SMEs) with total loans outstanding of 2.4 trillion baht are eligible to participate in the Bank of Thailand's six-month deferment period on principal and interest and a 500-billion-baht soft loan scheme, says the central bank's chief.
Banks deal with multi whammy
Business, Published on 06/04/2020
» The Covid-19 outbreak and travel restrictions imposed by many countries have kneecapped Thailand's tourism industry and the whole supply chain of the services sector, with a spillover effect starting in the financial sector.
Research houses concur on heavy toll
Business, Oranan Paweewun, Published on 04/04/2020
» The Thai economy is forecast to shrink by 4.8% by Asian Development Bank (ADB), 5.6% by Siam Commercial Bank's Economic Intelligence Center (EIC) and 5% by Standard Chartered Bank (Thai), heading for its deepest contraction since the financial meltdown of 1998.
Insurance policies go viral
Business, Oranan Paweewun, Published on 23/03/2020
» The number of Covid-19 infections worldwide is nearing 250,000 and the death toll has exceeded 10,000, while the number of new patients diagnosed with the deadly virus in Thailand is rising rapidly.
Right on the money
Business, Published on 20/03/2020
» Cash payment growth in Thailand is expected to shrink in the coming years as digital payment transactions expand exponentially, says Bank of Thailand governor Veerathai Santiprabhob.