Showing 1 - 10 of 45
Don't sleep on tax savings
Business, Oranan Paweewun, Published on 01/06/2020
» Against the backdrop of the coronavirus crisis, income uncertainty has become heightened and some individual taxpayers may be tempted to put income tax planning on the back burner.
Key sectors' future looks L-shaped
Business, Oranan Paweewun, Published on 16/05/2020
» Industries with employees totalling nearly one-third of the Thai workforce are unlikely to recover this year, even as partial lockdown measures are eased, according to TMB Analytics.
Commercial banks' NPLs hit 9-year high at end of March
Business, Oranan Paweewun, Published on 19/05/2020
» Local commercial banks' non-performing loans (NPLs) climbed to a nine-year high at 3.05% of loans outstanding at the end of March, with consumer bad loans outpacing commercial NPLs for the first time in four years.
IMF: Thai GDP down 6.7%
Business, Oranan Paweewun, Published on 16/04/2020
» The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender's projection holds true. The revision is attributed to the economic toll of the coronavirus.
Research houses concur on heavy toll
Business, Oranan Paweewun, Published on 04/04/2020
» The Thai economy is forecast to shrink by 4.8% by Asian Development Bank (ADB), 5.6% by Siam Commercial Bank's Economic Intelligence Center (EIC) and 5% by Standard Chartered Bank (Thai), heading for its deepest contraction since the financial meltdown of 1998.
BoT schemes to cover 1.7m SMEs
Business, Oranan Paweewun, Published on 08/04/2020
» About 1.7 million small and medium-sized enterprises (SMEs) with total loans outstanding of 2.4 trillion baht are eligible to participate in the Bank of Thailand's six-month deferment period on principal and interest and a 500-billion-baht soft loan scheme, says the central bank's chief.
Fitch offers balanced Thai forecast
Business, Oranan Paweewun, Published on 19/03/2020
» Fitch Ratings has lowered its outlook on Thailand's long-term foreign currency issuer default rating to stable from positive, reflecting impacts of the coronavirus spread on Thailand's economy through its tourism sector and lingering political uncertainty after the country's transition to civilian rule.
Insurance policies go viral
Business, Oranan Paweewun, Published on 23/03/2020
» The number of Covid-19 infections worldwide is nearing 250,000 and the death toll has exceeded 10,000, while the number of new patients diagnosed with the deadly virus in Thailand is rising rapidly.
Breaking the bonds of debt
Business, Oranan Paweewun, Published on 16/03/2020
» Thai household borrowing rose to 13.2 trillion baht at the end of September 2019 from 12.8 trillion baht at the end of 2018, with the ratio relative to GDP climbing to 79.1% from 78.6%. These figures suggest many people are drowning in debt.
BoT: 2.5% growth in 2019 likely
Business, Oranan Paweewun, Published on 31/12/2019
» Thailand's economic growth is expected to close at 2.5% in the October-to-December quarter, leading the full-year figure to achieve the central bank's forecast of 2.5%, though risk remains to the downside, says a senior official.