Showing 1 - 10 of 19
Banks respond to household debt plan
Business, Somruedi Banchongduang, Published on 28/07/2023
» Financial institutions are ready to comply with the Bank of Thailand's household debt resolution, starting with measures to help reduce persistent debt (PD) from April next year.
Economists weigh in on poll winners
News, Somruedi Banchongduang, Published on 16/05/2023
» The banking sector is recommending the new government prioritise elevating the country's competitiveness through the stimulation of consumption, tourism and private investment.
Apec summit expected to generate B600bn
Business, Somruedi Banchongduang, Published on 22/12/2022
» An industry council estimates the Apec Summit 2022 held in Bangkok last month will generate 500-600 billion baht in benefits for Thailand's economy over the next 3-5 years.
Central bank tackling rise in unsecured loans
Business, Somruedi Banchongduang, Published on 04/10/2022
» The Bank of Thailand plans to ask both banks and non-banks to cease encouraging unnecessary borrowing of unsecured loans early next year as it wants to see the ratio of household debt to be at a level not exceeding 80% of GDP.
SCB X allocates $50m for Indonesia's BJJ
Business, Somruedi Banchongduang, Published on 21/09/2022
» SCB X, a holding company of Siam Commercial Bank and SCB X Group, has invested US$50 million via an indirect investment in Indonesia-based Bank Jasa Jakarta (BJJ) through WeLab Sky as part of SCB X's strategy to become a regional financial technology group.
Banks post improved profits last year
Business, Somruedi Banchongduang, Published on 22/01/2022
» The local banking sector reported higher net profit for 2021 thanks to lower loan-loss provisions and improved operating profit, despite challenging economic conditions given the impact of the prolonged pandemic.
Central bank unfazed by headline inflation
Business, Somruedi Banchongduang, Published on 11/11/2021
» The Bank of Thailand (BoT) expects high headline inflation to be short term and will not pressure monetary policy and the economic recovery.
Banks to refund victims of scam
Business, Somruedi Banchongduang, Published on 20/10/2021
» Banks have confirmed they will pay back money to victims of unauthorised online withdrawals of cash debited via plastic bank cards after a spate of unauthorised online transactions.
BoT allays deposit run concern
Business, Somruedi Banchongduang, Published on 22/09/2020
» The central bank insists it is not worried about a possible deposit run after pro-democracy demonstrators called for a boycott of a commercial bank.
MPC sticks with 0.50%, eyes baht
Business, Somruedi Banchongduang, Published on 06/08/2020
» The Bank of Thailand's Monetary Policy Committee (MPC) voted to keep its policy rate unchanged at 0.50% yesterday and will continue monitoring the baht's strength as capital inflows result from abundant global liquidity.