Showing 1 - 10 of 96
War of independence
Business, 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.
On the edge of a precipice?
Business, Published on 12/02/2024
» Tensions between the Bank of Thailand and the coalition government led by Prime Minister Srettha Thavisin, who is also the finance minister, have been apparent for months and flared up last week after the Monetary Policy Committee (MPC) decided to maintain interest rates at 2.5% following a political push for a reduction.
Office trims GDP growth for 2023 by almost 1 point
Business, Published on 25/01/2024
» The Fiscal Policy Office (FPO) announced GDP expanded by only 1.8% in 2023, lower than the previous forecast by almost 1 percentage point, attributed to many negative factors affecting the economy, says director-general Pornchai Thiraveja.
Employers applaud energy price cuts
Business, Published on 14/09/2023
» The Employers' Confederation of Thai Trade and Industry (EconThai) welcomes the government's decision to reduce electricity and diesel prices, part of efforts to ease the cost of living and the financial burden faced by businesses.
Probing the B10,000 digital handout
Business, Published on 13/09/2023
» The Pheu Thai Party-led coalition government believes its flagship policy, the 10,000-baht digital currency handout, will unleash an "economic tsunami" of consumption, benefiting many sectors of the economy.
Trade takes another hit
Business, Published on 10/07/2023
» The value of Thai exports dipped for an eighth consecutive month in May, falling by 4.6% to US$24.3 billion, contributing to an overall decline of 5.1% to $116 billion in the first five months of this year.
The eternal joust over rate hikes
Business, Published on 12/06/2023
» Some industry leaders are concerned about higher interest rates affecting businesses, especially small ones, in addition to weakening the purchasing power of homebuyers.
Thailand unscathed by Western banking turmoil
Business, Published on 27/03/2023
» Most economists from the public and private sectors expect the ongoing US and European banking crisis to have a limited effect on the Thai banking sector thanks to the solid fundamentals of local banks and the strong supervision of the Bank of Thailand.
Popping off on populist pledges
Business, Published on 12/12/2022
» With Thailand expected to hold a general election next year, political parties have kicked off their campaigns offering promises to appeal to voters.
Central bank will stop allowing 100% mortgages
Business, Published on 01/11/2022
» The Bank of Thailand will not extend the easing of loan-to-value (LTV) measures for mortgage loans as the economy is showing clearer signs of recovery.