Showing 91 - 100 of 347
War of independence
Business, Somruedi Banchongduang, Nareerat Wiriyapong, Nuntawun Polkuamdee, Wichit Chantanusornsiri, Kanana Katharangsiporn and Kuakul Mornkum, Published on 13/05/2024
» Following a speech by Pheu Thai Party leader Paetongtarn Shinawatra declaring the independence of the Bank of Thailand an obstacle to fixing a stagnant economy, the issue has been echoed in media reports, fuelling an ongoing rift between the central bank and the coalition government.
Economists back Bank of Thailand's autonomy
Business, Nareerat Wiriyapong & Somruedi Banchongduang, Published on 08/05/2024
» The Bank of Thailand (BoT) must be independent to pursue its role of maintaining economic stability, say economists, noting that interest rates have a minimal impact on increasing economic growth, but could affect the stability of the baht and cause household debt to rise.
Calculating the cost of war
Business, Nareerat Wiriyapong, Yuthana Praiwan and Somruedi Banchongduang, Published on 29/04/2024
» Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.
Bank of Thailand maintains policy rate at 2.5%
Business, Somruedi Banchongduang and Nuntawun Polkuamdee, Published on 11/04/2024
» The Bank of Thailand has resisted government pleas for a reduction of the policy rate, deciding on Wednesday to keep the rate unchanged at 2.5% for a third straight meeting, noting the Thai economy is sustaining its growth trajectory and surpassing the level of 2023.
Business leaders push sustainable intelligence
Business, Komsan Tortermvasana and Somruedi Banchongduang, Published on 21/03/2024
» Corporations are urged to embrace a sustainable intelligence paradigm empowered by artificial intelligence (AI) to deal with the changing industry landscape.
Trio vie for virtual bank licences
Business, Somruedi Banchongduang and Komsan Tortermvasana, Published on 21/03/2024
» Three consortiums are expected to apply for virtual bank licences, as the application period for submissions to the Bank of Thailand (BoT) started on Wednesday, running to Sept 19.
The shape of finance to come
Business, Somruedi Banchongduang, Suchit Leesa-nguansuk and Lamonphet Apisitniran, Published on 18/03/2024
» Virtual banks are on the horizon after the Royal Gazette published on March 4 the criteria for companies applying for a licence.
New 1% fee for using Thai credit cards abroad
Somruedi Banchongduang and Suchit Leesa-Nguansuk, Published on 06/03/2024
» Holders of credit cards issued in Thailand will be charged a fee of 1% for foreign currency conversion when they make purchases in baht from merchants and online shops registered outside the country.
The battle over interest rates
Business, Somruedi Banchongduang, Kanana Katharangsiporn, Lamonphet Apisitniran and Phusadee Arunmas, Published on 04/03/2024
» A rift over interest rates between Prime Minister Srettha Thavisin and the Bank of Thailand, led by governor Sethaput Suthiwartnarueput, has remained in the media spotlight for months.
Bankers wary regarding debt
Business, Lamonphet Apisitniran, Nareerat Wiriyapong and Somruedi Banchongduang, Published on 19/02/2024
» The high level of profits posted by the Thai banking sector last year generated a good deal of controversy, with some commentators suggesting interest rates were too high.