Showing 11-20 of 37 results
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CIMBT hikes teaser rate for home loans
Business, Somruedi Banchongduang, Published on 04/03/2019
» CIMB Thai Bank (CIMBT) has raised its teaser rate for new home loans and mortgage refinancing by 0.1-0.15 percentage points, ending the bank's low introductory rate of below 3%.
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BAY forecasts 10% decline in new mortgages in 2019
Business, Somruedi Banchongduang, Published on 04/02/2019
» New housing loans are expected to shrink by 10% this year, dragged by the central bank's stringent mortgage lending rules and weaker condominium demand from Chinese buyers, says a senior executive at Bank of Ayudhya (BAY).
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BoT frets over condo supply risk
Business, Somruedi Banchongduang, Published on 11/01/2019
» The Bank of Thailand is concerned about the risk of weaker demand for condominiums from foreigners, Chinese buyers in particular, as the global economy slows, the central bank's chief says.
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Bankers prepare to aid VAT refund policy
Business, Somruedi Banchongduang, Published on 04/12/2018
» The Thai Bankers' Association stands ready to discuss cutting debit card issuance fees as requested by Finance Minister Apisak Tantivorawong, to add to the government's proposed value-added tax (VAT) refunds during next year's Chinese New Year.
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Analyst: Mortgage concerns not urgent
Business, Somruedi Banchongduang, Published on 29/09/2018
» Risks from overextended mortgage lending, which has the Bank of Thailand concerned, will not lead to the kind of systematic risk that snowballed into the Asian financial crisis in 1997, given that the majority of presales are real demand, says Kasikorn Research Center (K-Research).
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Short-term bond supply to rise
Business, Somruedi Banchongduang, Published on 28/04/2018
» The Bank of Thailand plans to gradually move away from its year-long tapering of new short-term bond supply by raising the new weekly three- and six-month debt auction amounts by 5 billion baht each, starting from May 15.
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CIMBT forecasts weaker baht in Q2
Business, Somruedi Banchongduang, Published on 12/05/2018
» CIMB Bank Thai (CIMBT) forecasts a weaker baht this quarter, weighed down by persistent foreign capital outflows following US policy rate hikes.
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TBank's cross-border QR due for May start
Business, Somruedi Banchongduang, Published on 21/03/2018
» Thanachart Bank (TBank) plans to introduce the country's first cross-border QR code payment service in May based on the PromptPay platform, enabling foreigners to make payments in Thailand by scanning a barcode. The move is expected to pave the way for the country to become the region's cross-border payment hub.
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BoT sounds alarm on baht speculation
Business, Somruedi Banchongduang, Published on 18/01/2018
» In a rare move, the Bank of Thailand has threatened to investigate some financial institutions with operations in Thailand for possible involvement in baht speculation.
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BKI tests Myanmar waters
Business, Somruedi Banchongduang, Published on 28/08/2017
» SET-listed Bangkok Insurance (BKI) is considering expanding its operations to other promising Asean markets, including Myanmar.
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