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BUSINESS

KBank sees strong baht until year-end

Business, Somruedi Banchongduang, Published on 26/07/2019

» The baht is expected to remain firm to the US dollar for the remainder of this year as offshore funds continue flowing into long-term Thai bonds, even though the Bank of Thailand recently imposed measures to curb the inflows, says a Kasikornbank (KBank) senior executive.

BUSINESS

MPC set to stand pat on rate until next year

Business, Somruedi Banchongduang, Published on 27/07/2019

» The Bank of Thailand's rate-setting panel is expected to stand pat on the policy rate throughout this year before resuming normalisation next year, according to Standard Chartered Bank (Thai).

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BUSINESS

TCRB sees drop in bad loans

Business, Somruedi Banchongduang, Published on 29/07/2019

» Even though low-income earners are considered higher risk and they are reeling from the country's weaker economy, Thai Credit Retail Bank (TCRB), whose main customers are low-income earners, saw a dip in its bad loan ratio thanks to better financial discipline.

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BUSINESS

Bank of Thailand mulls relaxing LTV rule

Business, Somruedi Banchongduang, Published on 15/08/2019

» The Bank of Thailand is considering relaxing the loan-to-value (LTV) regulations governing mortgage lending by refraining from requiring co-signers.

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BUSINESS

Four banks cut retail, overdraft rates

Business, Somruedi Banchongduang, Published on 15/08/2019

» The four biggest commercial banks have passed on the central bank's 25-basis-point policy rate cut almost in full, slashing their minimum retail rate (MRR) and minimum overdraft rate (MOR) from Thursday.

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BUSINESS

New body gets BoT nod

Business, Somruedi Banchongduang, Published on 14/08/2019

» Bank of Thailand governor Veerathai Santiprabhob has thrown his support behind the government's plan to form a fiscal and monetary committee, saying the new body would reinforce cooperation among related agencies to better handle rising global economic uncertainties.

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BUSINESS

GSB and others considering rate cuts

Business, Somruedi Banchongduang, Published on 14/08/2019

» State-owned Government Savings Bank (GSB) will hold an executive board meeting next Tuesday to consider passing on the central bank's 25-basis-point rate cut.

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BUSINESS

SCB eyes doubling 2020 digital lending

Business, Somruedi Banchongduang, Published on 13/08/2019

» Siam Commercial Bank (SCB) aims to double its new digital lending next year, hoping to offset slower potential retail loan expansion in the traditional channel because of the central bank's lending guidance on debt-service ratio (DSR).

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BUSINESS

Measures to curb hot money ahead

Business, Somruedi Banchongduang, Published on 27/06/2019

» The Bank of Thailand is set to implement measures to curb hot-money inflows after the baht recently rallied to a more than six-year high.

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BUSINESS

BoT more amenable but still leery of Libra landing

Business, Somruedi Banchongduang, Published on 19/07/2019

» Bank of Thailand governor Veerathai Santiprabhob has toned down his hostility towards Facebook's digital currency plan, but he said prudent study of both the benefits and risks of the virtual coin is still needed.