Showing 1-10 of 167 results
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Economists expect vote for rate cut
Business, Somruedi Banchongduang, Published on 09/04/2024
» Economists anticipate the Bank of Thailand will opt to lower its policy rate on Wednesday, giving a short-term boost to the country's economy, which has been hindered by delays in budget disbursement.
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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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BoT aims for lower virtual bank rates, fees
Business, Somruedi Banchongduang, Published on 08/03/2024
» The Bank of Thailand expects the formation of virtual banks to provide reduced interest rates and fees as the operating costs for purely digital banking services are lower without physical branches and fewer staff.
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Virtual bank applications to open in March
Business, Somruedi Banchongduang, Published on 01/03/2024
» The Bank of Thailand is scheduled to open the application period for virtual banking licences this month, attracting several business operators.
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Bank of Thailand warns of long-term downturn
Business, Somruedi Banchongduang, Published on 23/02/2024
» The Thai export sector has lost competitiveness in global markets, with the market share of rice shipments falling by more than 50% over the past 20 years, according to the Bank of Thailand (BoT).
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Panel likely to maintain policy rate
Business, Somruedi Banchongduang, Published on 07/02/2024
» The Bank of Thailand is expected to maintain its policy rate at Wednesday's Monetary Policy Committee (MPC) meeting, while the central bank will trim its 2024 growth projections in line with a slower growth trajectory.
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Yuan loans likely to rise for Thai firms
Business, Somruedi Banchongduang, Published on 03/02/2024
» HSBC Thailand expects higher demand for yuan borrowing from large Thai corporates, in line with positive growth of cross-border trade and investment between Thailand, China and Hong Kong.
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Banks to hold interest rates steady
Somruedi Banchongduang, Published on 07/12/2023
» The Thai Bankers’ Association (TBA) has signalled that its members would hold prime interest rates steady, in line with the Bank of Thailand’s policy rate, as the US Federal Reserve plans to start cutting rates next year.
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Backbase touts local engagement banking
Business, Somruedi Banchongduang, Published on 11/11/2023
» Engagement banking is another phase of digital banking development in Thailand that can facilitate business growth, says a fintech firm.
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Bank of Thailand governor proposes fiscal suggestions
Business, Somruedi Banchongduang, Published on 15/09/2023
» The government's economic policies should be considered in terms of their medium-term impact amid concerns about fiscal instability, says the head of the Bank of Thailand.
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