Showing 1-10 of 19 results
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VAT refunds surge after reopening
Business, Wichit Chantanusornsiri, Published on 31/05/2023
» Tourist tax refunds have skyrocketed since Thailand fully reopened in June last year, according to Revenue Department director-general Lavaron Sangsnit.
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Aiming to be the social bank
Business, Wichit Chantanusornsiri, Published on 20/11/2020
» 'Size does not matter" has become a mantra for the Government Savings Bank (GSB), one of Thailand's largest financial institutions by total assets, in its push to become a fully integrated social bank under the helm of Vitai Ratanakorn.
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GSB credit card debt scheme set for March
Business, Wichit Chantanusornsiri, Published on 06/02/2020
» State-owned Government Savings Bank's (GSB) credit card refinancing scheme, enabling participants to pay a minimum amount due of 2.5% per instalment compared with 10% now, is scheduled to begin next month.
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GSB readies refinancing loans for credit card debt
Business, Wichit Chantanusornsiri, Published on 14/12/2019
» Government Savings Bank (GSB) plans to launch refinancing loans for credit card debt, aimed at alleviating the financial burden for debtors with a good payment history.
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NESDC sees personal loans soar
Business, Wichit Chantanusornsiri, Published on 05/03/2024
» Personal loans have surged due to a shortage of personal liquidity while credit quality has diminished, according to the latest report by the National Economic and Social Development Council (NESDC).
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Further criteria for smartcard recipients
Business, Wichit Chantanusornsiri, Published on 16/12/2019
» Car ownership, credit cards and family-based income will be added to qualification criteria for a new round of registration for state welfare smartcard holders, says a source at the Finance Ministry who requested anonymity.
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NESDC revises growth outlook
Business, Wichit Chantanusornsiri, Published on 20/02/2024
» The National Economic and Social Development Council (NESDC) has revised down gross domestic product (GDP) growth for 2023 and its outlook for 2024 to 1.9% and 2.7%, suggesting the Bank of Thailand (BoT) use financial measures to support the economy, says secretary-general Danucha Pichayanan.
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Commercial banks turn cautious with SMEs
Business, Wichit Chantanusornsiri, Published on 21/11/2023
» Commercial banks are being more cautious in granting loans to small and medium-sized enterprises (SMEs), while housing loans have slowed down due to rising interest rates and rising living costs, said Atchana Lamsam, the Bank of Thailand's senior director of modelling in the supervision and risk assessment department, in a statement providing an overview of commercial banks in the thrird quarter of 2023.
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GSB auto loan venture poised to lend B20bn
Business, Wichit Chantanusornsiri, Published on 23/04/2022
» The motorcycle and car title loan joint venture of Government Savings Bank (GSB) expects to lend around 20 billion baht this year, up 25% from last year, says bank president Vitai Ratanakorn.
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Meeting set to address household debt issue
Business, Wichit Chantanusornsiri, Published on 17/06/2021
» The Finance Ministry, the Bank of Thailand and state-owned banks will hold a meeting soon to find ways to help ease the hardship caused by the pandemic among individual borrowers, said Deputy Finance Minister Santi Promphat.
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