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BUSINESS

Personal debt still hampers spending

Business, Pawee Sirimai, Published on 30/08/2017

» Even though household debt has been quite stable, massive leverage will continue to weigh on economic growth over the next few years, warns a high-ranking official at the Bank of Thailand.

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BUSINESS

TMB raises GDP forecast with caveat

Business, Pawee Sirimai, Published on 08/09/2017

» TMB Analytics has revised up its forecast for Thailand's full-year economic growth to 3.5% from 3.3% in the wake of robust exports. But TMB Bank's research house raised concerns about the concentration of economic activity in a few large corporations.

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BUSINESS

More cards, less default, study finds

Business, Pawee Sirimai, Published on 07/09/2017

» Cardholders with a stack of plastic in their wallets have lower default rate than those with only one or two cards, unlike personal loan debtors with multiple creditors, who tend to default more, say researchers at the central bank's think tank.

BUSINESS

Refinn eyes website customer growth

Business, Pawee Sirimai, Published on 05/09/2017

» Refinn International Dot Com, a fintech refinancing startup, aims to handle 3.4 billion baht in mortgage refinancing via its website this year, despite recording just 1.3 billion in the first eight months.

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BUSINESS

BoT relaxes capital curbs for flexibility

Business, Pawee Sirimai, Published on 05/09/2017

» The Bank of Thailand has further relaxed curbs on capital outflows with the goal of widening overseas investment opportunities for local investors, giving more flexibility to money changers and creating a balance of fund flows to weaken the strong baht.

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BUSINESS

Private sector stays cautious on exports

Business, Pawee Sirimai, Published on 06/09/2017

» Thailand's top business group is keeping this year's export forecast at 3.5-4% as it remains cautious over a number of downside risks.

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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.

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BUSINESS

Soured SME loans forecast to drop off by early 2018

Business, Pawee Sirimai, Published on 10/08/2017

» Non-performing loans (NPLs) in the small and medium-sized enterprise (SME) sector are expected to peak at 4.6-4.7% of outstanding loans this year, thanks to a recovery in private consumption and stricter commercial bank lending criteria, says TMB Analytics.

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BUSINESS

Experts disagree on momentum in Q2

Business, Pawee Sirimai, Published on 15/08/2017

» Economists are divided on second-quarter growth, with some saying it could be the largest quarterly jump this year as exports are expected to lose steam for the rest of this year.

BUSINESS

BoT sees Q4 peak for bad loans

Business, Pawee Sirimai, Published on 12/08/2017

» The Bank of Thailand expects the delinquency rate of bad loans to peak in the fourth quarter as a broader-based economic recovery and robust export growth take hold.