Showing 41-50 of 106 results
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KBank cuts growth forecast to 0.5% from 2.7%
Somruedi Banchongduang, Published on 05/03/2020
» Kasikorn Research Center (K-Research) has slashed its forecast for the country’s economic growth this year to 0.5% from 2.7%, assuming that the coronavirus spread will wipe 410 billion baht off tourism receipts.
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K-Research cuts 2020 growth view to 0.5% on virus impact
Business, Somruedi Banchongduang, Published on 06/03/2020
» Kasikorn Research Center (K-Research) has emerged as the most pessimistic among research houses, slashing its forecast for the country's GDP growth this year to 0.5% on the expectation that the coronavirus epidemic will wipe 410 billion baht off tourism receipts.
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BoT says GDP to shrink until next year
Business, Somruedi Banchongduang, Published on 01/04/2020
» The economy is expected to contract every quarter this year, with the nadir in the second quarter, according to a senior official at the Bank of Thailand.
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KBank retooling 2020 targets
Business, Somruedi Banchongduang, Published on 08/04/2020
» Kasikornbank (KBank) will likely revise financial targets this year after the bank's research unit estimated that the economy will shrink 5% in 2020 amid the coronavirus pandemic, said KBank chief executive Kattiya Indaravijaya.
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BoT outlines possible recovery paths
Business, Somruedi Banchongduang, Published on 01/05/2020
» The economy is likely to stage a V- or U-shaped recovery, while a W-shaped rebound is not far-fetched if a second wave of coronavirus occurs, says a senior official at the central bank.
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Quarterly figures hit record trough
Business, Somruedi Banchongduang, Published on 30/05/2020
» The economy got off to a grim start this quarter, with several economic indicators posting the worst levels on record for an April, says a central bank senior official.
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BoT forecasts record contraction
Business, Somruedi Banchongduang, Published on 25/06/2020
» The Bank of Thailand has reduced its economic outlook to a contraction of 8.1% this year, deeper than the 1997 financial crisis, but kept the policy rate on hold at 0.50%.
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New ordering platform from KBank subsidiary
Business, Somruedi Banchongduang, Published on 30/06/2020
» Kasikorn Business-Technology Group (KBTG), a tech firm under Kasikornbank (KBank), has launched Eatable, a complete online food ordering platform covering dining in, takeout and delivery.
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MPC sticks with 0.50%, eyes baht
Business, Somruedi Banchongduang, Published on 06/08/2020
» The Bank of Thailand's Monetary Policy Committee (MPC) voted to keep its policy rate unchanged at 0.50% yesterday and will continue monitoring the baht's strength as capital inflows result from abundant global liquidity.
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BoT warns of tourism meltdown
Somruedi Banchongduang, Published on 01/09/2020
» Thailand's tourism industry will face greater risks next year if the government continues to restrict foreign travellers from entering the country, says the Bank of Thailand.
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