Showing 1-10 of 236 results
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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.
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SET chair tipped to be next finance minister
News, Published on 26/04/2024
» The chairman of the Stock Exchange of Thailand (SET), Pichai Chunhavajira, is likely to emerge as the next finance minister in the next cabinet reshuffle, in which Pheu Thai looks set to lose several cabinet posts to other coalition partners, a source said on Thursday.
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Banks agree to reduce loan rates
Business, Somruedi Banchongduang, Published on 26/04/2024
» Thai banks are set to cut the minimum retail rate (MRR) by 25 basis points for a period of six months, aiming to alleviate the debt burden for vulnerable customers in response to the prime minister asking lenders to lower interest rates for vulnerable groups and small businesses.
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Thailand inks fintech pact with Australia
Poramet Tangsathaporn, Published on 26/04/2024
» Thailand and Australia have signed a pact on financial technology cooperation to promote the local financial technology (fintech) industry.
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SET chairman’s exit could pave way for cabinet post
Published on 25/04/2024
» Stock Exchange of Thailand chairman Pichai Chunhavajira has resigned in a move that is seen as paving the way for his appointment as finance minister in a cabinet reshuffle.
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The thorny issue of digital wallet funding
Business, Wichit Chantanusornsiri, Published on 25/04/2024
» The coalition government led by Prime Minister Srettha Thavisin made a significant pivot on its flagship scheme, which aims to hands out 10,000 baht each to 50 million Thais via a digital wallet, shifting from government borrowing, which drew sharp criticism and raised concerns about potential violations of financial and fiscal discipline regulations.
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Central bank urges banks to help vulnerable
Business, Somruedi Banchongduang, Published on 25/04/2024
» The Bank of Thailand (BoT) is allowing commercial banks to adapt their business models to help vulnerable customers, in response to the prime minister's directive urging large local banks to lower lending interest rates for vulnerable groups and small businesses.
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Finance Ministry hits back at digital wallet criticism
Published on 24/04/2024
» The Ministry of Finance has reiterated that the government’s flagship digital wallet scheme is not only intended to offer economic relief to vulnerable groups, but also aims to stimulate the economy.
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Keeping rate steady creates policy optionality - central bank
Reuters, Published on 24/04/2024
» Thailand's current policy interest rate settings were robust and can handle future risks to the economy, the central bank said on Wednesday, amid continued pressure from the government to lower borrowing costs and help jumpstart sluggish growth.
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Ministry eyes ongoing use of Oil Fuel Fund
Business, Phusadee Arunmas, Published on 24/04/2024
» The Finance Ministry has recommended using the Oil Fuel Fund to sustain the subsidy for retail diesel prices, noting the fund has sufficient capacity to support the government's diesel subsidy programme.
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