Showing 1 - 10 of 56
Headwinds cause major B4.9tn loss
Business, Somruedi Banchongduang, Published on 29/09/2020
» Uncertainties in domestic politics, economic policies and the external front over the past 14 years led to losses to Thailand's GDP worth 4.9 trillion baht, according to a research paper.
TBA talks soft loan criteria with BoT
Business, Somruedi Banchongduang, Published on 02/07/2020
» The Thai Bankers' Association (TBA) is in talks with the Bank of Thailand to seek ways to fine-tune the 500-billion-baht soft loan criteria, probably by allowing banks to extend loans with a specific purpose such as keeping small and medium-sized enterprises' (SMEs) employees on payroll.
BoT: Baht gain up for discussion
Business, Somruedi Banchongduang, Published on 04/06/2020
» The Bank of Thailand has summoned foreign exchange dealers to meet on Thursday to discuss the baht's rapid gain, which it does not consider to be in line with the country's fragile economy.
K-Research glum on recovery outlook
Business, Somruedi Banchongduang, Published on 03/06/2020
» The country's main industries and economic growth are expected to take longer than one year to return to pre-pandemic levels, while an unemployment spike is the greatest concern, says Kasikorn Research Center (K-Research).
Four banks trim prime lending rates
Business, Somruedi Banchongduang, Published on 22/05/2020
» Four commercial banks -- Kasikornbank (KBank), Siam Commercial Bank (SCB), Krungthai Bank (KTB) and Bank of Ayudhya (BAY) -- followed in the footsteps of Bangkok Bank (BBL), passing on some or more than the central bank's 25-basis-point rate cut for their prime lending rates.
Interest rate cut to record low 0.5%
Business, Somruedi Banchongduang, Published on 21/05/2020
» The Bank of Thailand cut the policy rate yesterday by 0.25 percentage points to a fresh record low of 0.5%, saying it is ready to use additional policy tools to soften the economic blow while downside risks to the country's economy this year remain high.
BoT cuts key rate to 0.50%
Somruedi Banchongduang, Published on 20/05/2020
» The Bank of Thailand cut its policy rate by 25 basis points to a record low of 0.50% on Wednesday, to help soften the economic impact of the pandemic and social distancing measures.
BBL insists glitch due to high transaction volume
Business, Somruedi Banchongduang, Published on 27/03/2020
» Bangkok Bank (BBL) has clarified that its electronic banking system glitch on Wednesday stemmed from a high transaction volume and the value of fundraising schemes to help combat Covid-19 exceeding limits, not the bank's system capacity.
Baht set to rise until end of month
Business, Somruedi Banchongduang, Published on 16/05/2019
» The upside gain for the baht, Asia's strongest performing currency this year, is limited after rallying since the beginning of this month, propelled by the escalating trade tension between the US and China, says a senior official at Kasikornbank (KBank).
Net foreign bond holdings to hit B1tn
Business, Somruedi Banchongduang, Published on 03/10/2018
» Foreign net holdings in Thai bonds is estimated to hit a fresh record high of 1 trillion baht within this year based on persistent capital inflows, as they are considered a safe haven investment.