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BUSINESS

Central bank upbeat on prospects despite export dip

Business, Somruedi Banchongduang, Published on 01/09/2022

» Exports dropped in July, mainly attributed to lower demand from trading partners in line with a riskier global economy, though Thailand's economy continues to see signs of recovery, says a Bank of Thailand executive.

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BUSINESS

Green lending under BoT scrutiny

Business, Somruedi Banchongduang, Published on 24/08/2022

» Financial institutions are expected to report their environmental loan strategies and related targets to the Bank of Thailand from next year as the country attempts to transition to a green economy.

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BUSINESS

Easy loans for all

Business, Somruedi Banchongduang, Published on 08/08/2022

» Major banks have continued to tap the underbanked, aiming to promote financial inclusion and further expand their customer base.

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BUSINESS

The power of joining forces

Business, Somruedi Banchongduang, Published on 13/08/2022

» A joint venture asset management company (JV AMC) business model is the country's innovative solution for handling non-performing loans (NPLs) in the banking sector, said Suthirak Traichira-Aporn, chief executive of JK Asset Management (JK AMC), in an exclusive interview with the Bangkok Post.

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BUSINESS

Central bank raises interest rate

Business, Somruedi Banchongduang, Published on 11/08/2022

» The Bank of Thailand raised its key interest rate for the first time in nearly four years yesterday in an effort to wrestle control over surging inflation as the economic recovery gains momentum.

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BUSINESS

Banks vow to keep rates steady for the time being

Business, Somruedi Banchongduang, Published on 10/08/2022

» Local major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery.

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BUSINESS

Banking sector's profits gain on higher interest income

Business, Somruedi Banchongduang, Published on 23/07/2022

» The local banking sector recorded improved net profit for the first half year-on-year, attributed to higher interest income.

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BUSINESS

Tourist surge to propel economy in 2nd half

Business, Somruedi Banchongduang, Published on 28/07/2022

» The Thai economy will continue to recover in the second half of this year, supported by all the indicators including private consumption and foreign tourist arrivals, says a Bank of Thailand executive.

BUSINESS

K-Research puts 2022 income at 37% of pre-pandemic level

Business, Somruedi Banchongduang, Published on 29/06/2022

» Kasikorn Research Center (K-Research) forecasts Thailand's tourism income this year would be 37% of the pre-pandemic level, attributable to both local and foreign travellers in the second half of this year.

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BUSINESS

April arrivals bring more signs of continued revival

Business, Somruedi Banchongduang, Published on 01/06/2022

» The Thai economy in April showed signs of improvement in all areas, particularly the tourism sector, supported by the relaxation of travel restrictions.