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BUSINESS

World Bank urges Asian city planning

Business, Pawee Sirimai, Published on 04/10/2017

» The World Bank urges greater infrastructure investment and better access to jobs for people in urban areas to combat poverty and boost economic growth.

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BUSINESS

BoT alarm over plight of poor

Business, Pawee Sirimai, Published on 07/10/2017

» The Bank of Thailand has painted a gloomy picture of private consumption prospects, saying the income of those at the bottom of the economic ladder is slow to recover while their debts keep increasing.

BUSINESS

SEC set to tighten up B/E regulations

Business, Pawee Sirimai, Published on 12/10/2017

» The Securities and Exchange Commission (SEC) is expected to tighten its regulations on bills of exchange (B/E) by limiting the number of entities in which funds can be privately placed to no more than 10 deep-pocketed investors.

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BUSINESS

Central bank's MPC predicts growth, with caveats

Business, Pawee Sirimai, Published on 12/10/2017

» The Bank of Thailand's rate-setting committee foresees further economic growth but is concerned over rising bad loans in the short term and search-for-yield behaviour increasing amid the low-interest-rate environment.

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BUSINESS

Standard Chartered sees 3.6% growth

Business, Pawee Sirimai, Published on 19/10/2017

» Standard Chartered Bank forecasts the Thai economy will grow 3.6% this year, underpinned by strong export growth, while lower political uncertainty is expected to push GDP growth to 4.3% in 2018.

BUSINESS

Inflation target left untouched

Business, Pawee Sirimai, Published on 20/10/2017

» The Bank of Thailand will maintain its inflation target band of 1-4% for next year on expectations that inflation will fall back to the lower band by mid-2018, says governor Veerathai Santiprabhob.

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BUSINESS

Demand for B/E cools after defaults

Business, Pawee Sirimai, Published on 18/10/2017

» Bills of exchange (B/E) issuance continues to drop this year as companies have shifted to rely on other debt instruments after a series of B/E defaults occurred late last year, says the Thai Bond Market Association (TBMA).

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BUSINESS

Bucking the crowd

Business, Pawee Sirimai, Published on 09/09/2017

» In 2013, Santitarn Sathirathai, an economist at Credit Suisse, rang the alarm bell on Indonesia's investment boom, saying a golden era was coming to an end and a slowdown in economic growth was brewing for Southeast Asia's largest economy.

BUSINESS

User base of TMB Touch forecast to double

Business, Pawee Sirimai, Published on 15/09/2017

» TMB Bank, the country's seventh-largest lender by assets, predicts the number of users for its mobile application, TMB Touch, will double to 2 million by mid-2018 with the advent of the digital age.

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BUSINESS

BoT chief puts focus on stability

Business, Pawee Sirimai, Published on 19/09/2017

» Bank of Thailand governor Veerathai Santiprabhob says the rate-setting committee must give weight to financial stability in deciding on the policy rate, in addition to short-term benefits.