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BUSINESS

Economists urge caution for gloomy 2023

Business, Wichit Chantanusornsiri, Published on 05/10/2022

» Thailand needs to prepare for global economic difficulties as they will intensify next year, according to economists.

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BUSINESS

Aiming to be the social bank

Business, Wichit Chantanusornsiri, Published on 20/11/2020

» 'Size does not matter" has become a mantra for the Government Savings Bank (GSB), one of Thailand's largest financial institutions by total assets, in its push to become a fully integrated social bank under the helm of Vitai Ratanakorn.

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BUSINESS

Student loan defaults blamed on poor discipline

Business, Wichit Chantanusornsiri, Published on 15/10/2019

» Lack of financial discipline is the most common reason borrowers have defaulted on their education debt, says Chai­narong Katchapanan, Student Loan Fund (SLF) manager.

BUSINESS

Thanachart-TMB signing next week

Business, Wichit Chantanusornsiri, Published on 09/08/2019

» TMB Bank and Thanachart Bank (TBank) are set to sign a merger agreement by next week as all key details have already been settled, says a source familiar with the deal.

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BUSINESS

Free cash to spur tourism, economy

Business, Wichit Chantanusornsiri, Published on 19/07/2019

» The Finance Ministry is set to dust off a planned cash handout for travel to 55 secondary provinces by including it in the economic stimulus package going before new Finance Minister Uttama Savanayana.

THAILAND

Govt debt ratio hike 'won't hurt monetary, fiscal discipline'

Wichit Chantanusornsiri, Published on 31/05/2019

» The government's move to raise its off-budget debt commitment as a proportion of the national budget from 5% to 8% will not have any effect on monetary or fiscal discipline, according to an adviser to the Public Debt Management Office.

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OPINION

Instability threatens economic growth

News, Wichit Chantanusornsiri, Published on 27/04/2019

» Without decisive winners from the March 24 poll, there are fears that political instability will affect the country's economy. Such concerns are understandable given that three parties, namely the pro-military Palang Pracharath Party, and Pheu Thai Party and Future Forward Party (which brand themselves as the anti-regime camp), are engaging in a post-election tug of war.

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BUSINESS

KTB chief to impose discipline

Business, Wichit Chantanusornsiri, Published on 07/01/2019

» Krungthai Bank's board of directors has delegated KTB chief executive Payong Srivanich to take responsibility for proceeding with disciplinary actions against several of the bank's executives and employees who were found to be implicated in extending loans to Energy Earth Plc.

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BUSINESS

Apisak securing draft law for business ease

Business, Wichit Chantanusornsiri, Published on 24/10/2018

» Even as the general election nears, Prime Minister Prayut Chan-o-cha is pushing the Finance Ministry to complete a new draft Secured Transactions Act to facilitate business operations and raise the country's ranking in the World Bank's Ease of Doing Business list.

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BUSINESS

Excise change not expected to dent sales

Business, Wichit Chantanusornsiri, Published on 17/08/2018

» The Excise Department is confident that 90% of motorcycles sold in the country will see minimal impact from the new excise tax structure, which shifts the calculation basis from engine size to CO2 emissions.