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BUSINESS

BoT warns public about Onecoin currency

Business, Pawee Sirimai, Published on 28/04/2017

» The Bank of Thailand has warned people to avoid investing in illegal digital currency called Onecoin, which spreading is in the country, saying it cannot be used as legal tender.

BUSINESS

Escap estimates protectionism damages

Business, Pawee Sirimai, Published on 02/05/2017

» Trade protectionism could shave 0.4-1.2% growth from Asia-Pacific (APAC) developing economies if it is widely adopted, says the United Nation Economic and Social Commission for Asia and the Pacific (Escap).

BUSINESS

Small firms more dour

Business, Pawee Sirimai, Published on 04/05/2017

» The expectations of small and medium-sized enterprises (SMEs) for the second quarter have deteriorated to below the 50-point mark that splits optimism from pessimism for the first time in three years, according to a quarterly survey by TMB Analytics.

BUSINESS

Economist: Business environment central to FDI growth

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

» Thailand should put more effort into improving the business environment to attract foreign direct investment instead of creating further tax incentives, says an economist.

BUSINESS

Four fintech firms apply for sandbox

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

» Four more financial technology (fintech) firms are in line to seek approval to experiment with their innovative products and services in the Bank of Thailand's regulatory sandbox after recently winning the policymaker's nod, says a central bank senior official.

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BUSINESS

Analysts see slight bump in Q1 growth

Business, Pawee Sirimai, Published on 11/05/2017

» Thai GDP possibly grew at a marginally faster rate from January to March than in the previous quarter as state investment and private consumption underpinned recovery momentum despite private investment remaining tepid, economists say.

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BUSINESS

BoT: Bourse outflows to be expected

Business, Pawee Sirimai, Published on 12/05/2017

» Ongoing fund outflows from the Thai stock market are in line with the Bank of Thailand's expectations and the phenomenon is commonly seen in emerging markets, says the central bank chief.

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BUSINESS

BoT: Commercial bank NPLs to peak

Business, Pawee Sirimai, Published on 16/05/2017

» Non-performing loans (NPL) held by Thai commercial banks are expected to peak in 2017 after an economic recovery began late last year, says the Bank of Thailand.

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BUSINESS

KBank: Baht appreciation may have peaked in April

Business, Pawee Sirimai, Published on 17/05/2017

» The baht probably reached its strongest level in mid-April and will reverse course until the end of the year, says a senior official at Kasikornbank (KBank).

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BUSINESS

IFRS9 warrants higher loan buffers

Business, Pawee Sirimai, Published on 26/05/2017

» Financial institutions are expected to set aside more money to cover potential losses from loans to comply with the new International Financial Reporting Standards 9 (IFRS9), due to be implemented in Thailand on Jan 1, 2019.