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Showing 1-10 of 10 results
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World Bank cuts Thai growth forecast
Business, Somruedi Banchongduang, Published on 02/04/2024
» The World Bank has slashed its forecast for Thailand's GDP growth in 2024 to 2.8%, citing a global trade slowdown and delays in the country's fiscal budget disbursement.
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Thailand faces 20 years of low growth
Business, Somruedi Banchongduang, Published on 16/12/2023
» The World Bank expects Thailand's potential growth to be the lowest among Asean economies over the next 20 years because of the country's ageing demographics and a slowdown in private investment.
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SCB EIC calls for long-term restructure
Business, Somruedi Banchongduang, Published on 15/12/2023
» SCB Economic Intelligence Center (EIC), the research arm of Siam Commercial Bank (SCB), has sounded the alarm on lower potential growth for Thailand's economy in the long term, calling for structural reform.
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Man with a mission
Business, Somruedi Banchongduang, Published on 08/07/2023
» Household debt should be a national agenda item and legal support is required to manage the problem comprehensively, says Piti Tantakasem, chief executive of TMBThanachart Bank (ttb), in an exclusive interview with the Bangkok Post.
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UOB chief champions rise of sustainable financing
Somruedi Banchongduang, Published on 24/05/2023
» United Overseas Bank (UOB) has developed green frameworks to provide companies with simplified access to green and sustainable financing so that they can build resilient businesses, said Tan Choon Hin, president and CEO of UOB Thailand.
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BoT mulls easing yuan-baht trade payment
Business, Somruedi Banchongduang, Published on 12/05/2023
» The Bank of Thailand plans to relax rules for yuan-baht trade payment supporting local currency settlement, reducing reliance on the US dollar.
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KBank chairman's exit seen as part of succession plan
Business, Somruedi Banchongduang, Published on 06/04/2020
» Although Banthoon Lamsam's resignation from all management roles and the board at his family-run Kasikornbank (KBank), effective April 3, stunned the banking industry, the market believes that the 75-year-old bank will remain calm amid serious challenges from the coronavirus pandemic and digital disruption.
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BoT boss signals challenges ahead
Business, Somruedi Banchongduang, Published on 27/11/2019
» Demographic shifts, climate change, alterations in value chains, digital transformation and excess global liquidity with historically high leverage are major trends that have implications for the economy through 2025, says the chief of the Bank of Thailand.
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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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SCB's net profit falls 20% on steel firms' bad debts
Business, Somruedi Banchongduang, Published on 23/04/2016
» Siam Commercial Bank (SCB) reported a 20% year-on-year plunge in first-quarter net profit to 10.54 billion baht, citing greater provision losses in line with a rise in non-performing loans (NPLs), according to a statement released yesterday.
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