Showing 1 - 10 of 10
BoT warns of GDP growth below 1%
Business, Somruedi Banchongduang, Published on 29/02/2020
» The Bank of Thailand says the economy is likely to expand by less than 1% in 2020 if the coronavirus outbreak lasts throughout the year, says a central bank senior official.
TBA unveils package for operators hit by triple whammy
Business, Somruedi Banchongduang, Published on 26/02/2020
» The Thai Bankers' Association (TBA) has come up with a comprehensive assistance package that includes a grace period for principal loan payment with a maximum of one year for tourism operators, exporters, importers, supply chain operators and individuals affected by the coronavirus epidemic and the country's flagging economy.
Krungsri Research lowers growth to 1.5%
Business, Somruedi Banchongduang, Published on 25/02/2020
» Bank of Ayudhya's (BAY) research house Krungsri Research has lowered its forecast for economic growth this year to 1.5% from 2.5% because of the damage from the Covid-19 outbreak, the delayed fiscal budget and the drought.
MPC minutes outline possible weakness in financial system
Business, Somruedi Banchongduang, Published on 20/02/2020
» The poorer debt serviceability seen earlier among small businesses is spilling over to medium-sized enterprises, suggesting more vulnerabilities in the financial system, according to the Monetary Policy Committee (MPC) meeting minutes from earlier this month.
TMB cites triple whammy to GDP
Business, Somruedi Banchongduang, Published on 06/02/2020
» The coronavirus epidemic, the delayed fiscal budget and the ongoing drought are estimated to shave nearly 280 billion baht off GDP, taking economic growth down to a range of 1.7-2.1%, according to TMB Analytics.
BBL expects NPL rise as economic struggles add up
Business, Somruedi Banchongduang, Published on 16/01/2020
» Overall non-performing loans (NPL) are expected to continue their rise this year as the downbeat outlook for the local and global economies persists, compounded by potential drought and the baht's strength, says a senior executive at Bangkok Bank (BBL).
K-Research: 100,000 jobs gone in 2019
Business, Somruedi Banchongduang, Published on 10/12/2019
» Kasikorn Research Center (K-Research) predicts at least 100,000 job losses this year and another 30,000 next year, dampened by an export slump, tepid economic growth and drought.
IMF, EIC predict growth of less than 3%
Business, Somruedi Banchongduang, Published on 09/10/2019
» The IMF forecasts Thailand's GDP growth to slow to 2.9% this year before improving marginally to 3% in 2020, while the Economic Intelligence Center (EIC) under Siam Commercial Bank (SCB) sees growth of 2.8% for this year and next.
MPC minutes cite threats
Business, Somruedi Banchongduang, Published on 23/05/2019
» Heightened political uncertainty after the March 24 general election and the trade spat between the US and China are darkening Thailand's economic prospects this year, according to the central bank's minutes from the latest meeting.
Veerathai: MPC to stand pat on rate
Business, Somruedi Banchongduang, Published on 19/01/2018
» Bank of Thailand chief Veerathai Santiprabhob signalled the Monetary Policy Committee (MPC) is likely to stand pat on the policy rate to support economic growth and help inflation climb back to its target range.