Showing 41 - 50 of 287
Indonesia sees more capital inflows after rate hike
Reuters, Published on 08/05/2024
» JAKARTA: Indonesian central bank governor Perry Warjiyo said on Wednesday more capital inflows had been seen since Bank Indonesia hiked interest rates last month in an effort to stabilise the rupiah, and he expected the trend would continue.
Top business lobby joins rate cut call, trims GDP forecast
Published on 08/05/2024
» The country's biggest business lobby has urged the Bank of Thailand to cut interest rates and work with the government on ways to revive business and consumption activity, after slashing its own estimate for economic growth.
Economists back Bank of Thailand's autonomy
Business, 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.
Industrialists join rate-cut chorus
Lamonphet Apisitniran, Published on 07/05/2024
» The Bank of Thailand should consider reducing interest rates in the second half to relieve the financial burden of small and medium-sized enterprises (SMEs), which are facing tougher competition and an uncertain economy, says the Federation of Thai Industries (FTI).
Srettha defends wage hike plan as businesses voice concern
Published on 07/05/2024
» Prime Minister Srettha Thavisin on Tuesday defended his plan to introduce a nationwide daily minimum wage of 400 baht (US$10.88) as a necessary move for the economy, as business groups voiced concerns about the impact of higher wage costs.
Govt row with bank heats up
Published on 05/05/2024
» The dispute between the government and the Bank of Thailand (BoT) intensified on Sunday when Prime Minister Srettha Thavisin stood by Pheu Thai leader Paetongtarn Shinawatra, who recently criticised the central bank’s stance on interest rates.
Paetongtarn: Central bank independence ‘an obstacle’
Published on 03/05/2024
» Pheu Thai Party leader Paetongtarn Shinawatra said on Friday that the Bank of Thailand’s independence was an “obstacle” in resolving economic problems, the latest salvo in an ongoing row over interest rates.
Govt confirms B400 minimum wage by October
Published on 02/05/2024
» The government plans to increase the daily minimum wage to 400 baht nationwide from October but some affected businesses might get help, spokesman Chai Wacharonke said on Thursday.
Impact of loan rate cuts on key players deemed as limited
Business, Somruedi Banchongduang, Published on 02/05/2024
» The country's four largest banks expect a limited impact from the reduction in their loan interest rates based on the specific customer demographics and the limited time frame of the debt relief measures.
BoT: Baht to reverse course in H2
Business, Somruedi Banchongduang, Published on 01/05/2024
» The baht depreciation softened in April, supported by the Thai economy's improving momentum, while a central bank executive expects the local currency to strengthen in the second half of this year.