Showing 61 - 70 of 6,079
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.
Finance Ministry downgrades Thai growth forecast
Wichit Chantanusornsiri, Published on 29/04/2024
» The Finance Ministry on Monday downgraded its economic growth forecast to 2.4% for this year, down from its previous projection of 2.8% in January.
Calculating the cost of war
Business, Published on 29/04/2024
» Currency depreciation, a surge in oil prices and a decline in purchasing power often result from geopolitical conflicts.
Bank of Thailand needs to communicate
News, Editorial, Published on 29/04/2024
» Prime Minister Srettha Thavisin's decision to meet key figures from Thailand's major commercial banks to discuss the possibility of cutting interest rates last week raised a lot of eyebrows. It was highly unusual for a prime minister to appeal directly to commercial banks to change interest rates, as the nation's financial institutions generally follow the rates prescribed by the Bank of Thailand (BoT).
Ex-energy executive Pichai named finance minister amid growth challenge
Published on 28/04/2024
» Former energy executive Pichai Chunhavajira was named finance minister on Sunday, facing a tough task to revive the Thai economy.
Asian shares get lift from US tech results
Business, Published on 27/04/2024
» RECAP: Asian shares rose yesterday, led by tech firms after strong earnings reports from Microsoft and Alphabet on Wall Street. But investors are becoming resigned to the idea that US interest rate cuts are probably many more months away.
BBL reduces lending rate
Business, Somruedi Banchongduang, Published on 27/04/2024
» Bangkok Bank (BBL), the country's largest lender by total assets, is cutting its minimum retail rate (MRR) by 25 basis points for six months, starting on April 29.
Global and Thai economies face rising risk
Business, Published on 27/04/2024
» Three recent events have changed the world economic picture and monetary policy outlook.
Bangkok Bank cuts retail loan rates by 25 bps
Reuters, Published on 26/04/2024
» Bangkok Bank said on Friday it will cut its retail loan rates by 25 basis points for a period of six months, effective on April 29, to help vulnerable borrowers reduce their interest burden.