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BUSINESS

BoT confident new loan scheme will help SMEs

Business, Somruedi Banchongduang, Published on 21/04/2021

» The Bank of Thailand (BoT) is expecting small and medium-sized enterprises (SMEs) to feel the brunt of the latest wave of Covid-19 infections.

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BUSINESS

Central bank soothes debt concerns

Business, Somruedi Banchongduang, Published on 22/08/2020

» The prospect of Thailand's public debt-to-GDP ratio edging closer to the 60% ceiling is a minor concern because fiscal policy is being used to rev up economic recovery momentum amid the pandemic, says the Bank of Thailand.

BUSINESS

BoT looks to lighten burden for distressed borrowers

Business, Somruedi Banchongduang, Published on 29/07/2020

» The Bank of Thailand is considering adding a haircut method to the third phase of debt relief measures to help borrowers reeling from lower income caused by the virus crisis.

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BUSINESS

CIMBT closes 2 sub-branches at 7-Eleven

Business, Somruedi Banchongduang, Published on 13/01/2020

» CIMB Thai Bank (CIMBT) has shuttered two sub-branches in 7-Eleven convenience stores because of tepid transactions amid an upsurge in digital banking.

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BUSINESS

Thai Bankers' Association studies methods to outsource white-label ATMs

Business, Somruedi Banchongduang, Published on 25/12/2019

» The Thai Bankers' Association (TBA) plans to allow a third party to manage white-label ATM operations, a pool ATM service run by non-bank firms instead of individual banks, to cut the banking system's operating costs.

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BUSINESS

Lower credit line sought

Business, Somruedi Banchongduang, Published on 11/12/2019

» Credit card issuers have proposed the Bank of Thailand lower the credit line of cardholders joining the central bank's new refinancing scheme and waive loan-loss provision requirements for participants in return for an interest rate cut to 7-12%, says a source in banking circles.

BUSINESS

BoT app to identify telemarketing calls

Business, Somruedi Banchongduang, Published on 27/11/2019

» The Bank of Thailand plans to pool the phone numbers of commercial banks, their subsidiaries and outsource units used for telemarketing and debt collection with the National Broadcasting and Telecommunications Commission (NBTC) to develop the Gun Guan app, enabling consumers to better block unwanted calls from next year.