Showing 1 - 10 of 19
Consumer spending to finally recover this year
Business, Nareerat Wiriyapong, Published on 19/09/2024
» The Bank of Thailand's expected interest rate cuts, prompted by the strong baht, and growth in the tourism sector will both increase the country's consumer spending, which is expected to exceed the 2019 level for the first time this year, say analysts.
Bad loans expected to hit banks hard this year
Business, Nareerat Wiriyapong, Published on 06/09/2024
» The banking sector is expected to face greater pressure for the remainder of the year as asset quality continues to deteriorate, with the new government seeking to lower lending rates, while risks from bad personal loan and credit card debt rise, say analysts.
Co-payment option likely in 2025
Business, Nareerat Wiriyapong, Published on 30/08/2024
» The co-payment option, likely to take effect in January, will benefit the insurance industry in the long run as the model seeks to reduce unnecessary claims, lower premium costs and improve affordability for health insurance in an aged society, as Thailand is now dubbed, says Maybank Securities.
Bank of Thailand rate cuts expected as US economy slows this year
Business, Nareerat Wiriyapong, Published on 13/08/2024
» The US economy is expected to enter a cyclical slowdown from late 2024 through to 2025, leading the Bank of Thailand to cut its policy rate by as much as 1.5 percentage points next year alone, says KGI Securities (Thailand).
Analysts expect steady policy rate at 2.5%
Business, Nareerat Wiriyapong, Published on 09/08/2024
» The Bank of Thailand is expected to hold the policy rate steady at 2.5% at its meeting later this month, with inflation rising slowly back to the target range, say economists who are urging government stimulus measures to drive the slowing economy in addition to the digital wallet scheme.
Analyst sees headwinds persisting until mid-2025
Business, Nareerat Wiriyapong, Published on 30/07/2024
» A high level of non-performing loans (NPLs), slow loan growth and rising household debt will continue to pressure banks until the first half of next year as a reduction in consumer purchasing power and rising living costs will affect not only small businesses but also large companies, analysts say.
Why is the SET in a protracted slump?
Business, Nareerat Wiriyapong, Published on 11/07/2024
» On July 1, with investors searching for clues about their investments in the second half of 2024, the Stock Exchange of Thailand (SET) index slipped below the psychological level of 1,300 points for the second time in a month.
Delta bets on hot tech sectors
Business, Nareerat Wiriyapong, Published on 29/06/2024
» As global electronics demand is projected to pick up in the second half of 2024 following inventory destocking, Delta Electronics (Thailand) expects to be a beneficiary thanks to its product mix, continued expansion and geopolitical diversification.
Bank of Thailand likely to maintain interest rates
Business, Nareerat Wiriyapong, Published on 11/06/2024
» The Bank of Thailand's Monetary Policy Committee (MPC) is likely to keep the policy interest rate unchanged at 2.5% at its meeting on Wednesday as May inflation rose sharply, coupled with the expectation of a similar move by the US Federal Reserve this week.
CGSI targets top 3 brokerage spot
Business, Nareerat Wiriyapong, Published on 11/05/2024
» CGS International (CGSI), China's second-largest securities firm, wants to be among the top three securities companies in Thailand by 2030, expanding its offerings and teaming up with local and regional partners.