Showing 1-10 of 31 results
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Bank of Thailand still upbeat despite headwinds
Business, Somruedi Banchongduang, Published on 03/11/2022
» The Thai economy will face more challenges next year amid global uncertainties, but its recovery remains on track, according to a Bank of Thailand (BoT) executive.
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BoT puts last quarter GDP growth at 3.7%
Somruedi Banchongduang, Published on 30/11/2023
» The Bank of Thailand (BoT) predicts gross domestic product (GDP) growth of 3.7% in the final quarter this year, attributed to the low-base effect amid a continued recovery driven by private consumption and tourism.
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Banks see growth in fees, service income
Business, Somruedi Banchongduang, Published on 03/05/2021
» Signs of recovery in the Thai economy and stock market in the first quarter raised equity and mutual fund investment, as well as fee-based income for Thailand's banking sector.
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IMF praises stimulus
Business, Somruedi Banchongduang, Published on 06/11/2019
» Now is a good time for Thailand to implement stimulus measures to rev up its economic growth momentum, weighed down by the global slowdown, given the availability of policy space, says the IMF chief.
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BAY bumping SME loan ratio up to 18-20% to balance portfolio
Business, Somruedi Banchongduang, Published on 21/02/2018
» Bank of Ayudhya (BAY) plans to raise its small and medium-sized enterprise (SME) loan ratio to 18-20% of loans outstanding in the next three years as the bank seeks to balance its loan portfolio.
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K-Research: Brexit jolt light
Business, Somruedi Banchongduang, Published on 30/06/2016
» Britain's departure from the EU is expected to shave a mere 0.07 percentage points off Thai economic growth this year in the base-case scenario, says Kasikorn Research Center (K-Research).
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SCB's rich clients bullish on major pound rebound
Business, Somruedi Banchongduang, Published on 05/07/2016
» Following the British pound's retreat triggered by anxiety over Britain's vote to leave the EU, demand from high-net-worth customers at Siam Commercial Bank (SCB) for dual currency deposits has jumped significantly as they bet on a pound recovery.
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Currency hedging all the rage
Business, Somruedi Banchongduang, Published on 06/07/2016
» Demand for foreign currency hedging is increasing, in particular for the US dollar and Japanese yen thanks to their rising strength, after Britain's vote to leave the EU, says a high-ranking executive at Bank of Ayudhya (BAY).
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KBank predicts weaker baht
Business, Somruedi Banchongduang, Published on 15/06/2016
» Kasikornbank forecasts the baht will weaken to 37 to the US dollar by year-end on the back of the looming Federal Reserve interest rate increase and concerns that Britain will leave the EU.
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GPF keeps position in China assets
Business, Somruedi Banchongduang, Published on 17/07/2015
» Despite the recent wild swings in China's main stock market, Thailand's Government Pension Fund (GPF) is maintaining its investments in Chinese equities and bonds because of their long-term growth potential.
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