Showing 1,021 - 1,030 of 2,692
BoT surprises market with rate cut
Business, Somruedi Banchongduang, Published on 08/08/2019
» The Bank of Thailand stunned the market on Wednesday by following the lead of other major central banks with a 25-basis-point rate cut, the first rate decrease since 2015, in an effort to boost the economy.
BoT, bank association to sign pact on responsible lending
Business, Somruedi Banchongduang, Published on 06/08/2019
» The Bank of Thailand and the Thai Bankers' Association plan to sign an agreement on five directives for responsible lending, including debt-service ratio (DSR), to take effect from next January.
DPA pursues BoT nod to process e-wallet refunds
Business, Somruedi Banchongduang, Published on 05/08/2019
» The Deposit Protection Agency (DPA) is seeking the Bank of Thailand's permission to get involved in the money refund process from e-wallet operators with an aim of facilitating convenience for service users.
BoT asks for fewer high debt-service ratio loans
Business, Somruedi Banchongduang, Published on 02/08/2019
» The Bank of Thailand has requested banks and their subsidiaries reduce the ratio of new consumer loans extended to vulnerable groups with a high debt-service ratio (DSR) by at least 10% per quarter for four quarters, starting from the second quarter.
Cashless movement picks up steam
Business, Somruedi Banchongduang, Published on 01/08/2019
» While cash remains king in Thailand, dominating 90% of the country's total payment value, exponential growth in online payments after banks waived digital transaction fees and a consumer shift towards digital platforms suggest the notion of a cash-free society is gathering steam.
Economy poised to grow at slower clip than BoT's forecast
Business, Somruedi Banchongduang, Published on 01/08/2019
» The economy is likely to expand at a slower pace than the Bank of Thailand's 3.3% forecast for the year because of subdued exports and domestic consumption, adding to signs of a further projection rollback.
KBank's digital push focuses on startups
Business, Somruedi Banchongduang, Published on 31/07/2019
» Kasikornbank (KBank) plans to turn its focus to adding more startups to its digital banking roster to increase user activities and income, while searching for new business opportunities after teaming up with three online platform giants: Grab, Line and Facebook.
KKP braces for flat auto loan growth as NPLs creep upwards
Business, Somruedi Banchongduang, Published on 31/07/2019
» Kiatnakin Bank (KKP), an arm of Kiatnakin Phatra Finance Group, expects auto loan growth to be flat for the full year after shrinking for the first six months.
BoT and banks mulling DSR maximum of 70%
Business, Somruedi Banchongduang, Published on 31/07/2019
» The Bank of Thailand and commercial banks have initially agreed to set a lending guidance by capping a borrower's debt-service ratio (DSR) at 70% for those earning up to 30,000 baht a month.
SCB counts on SME stimulus for loan surge
Business, Somruedi Banchongduang, Published on 23/07/2019
» Siam Commercial Bank (SCB) is hoping the government's economic stimulus packages will spur small and medium-sized enterprise (SME) loan demand in the second half this year after recording marginal growth in the first half as the economy sputtered.