Showing 101 - 110 of 271
Gold price on course to hit record high
Business, Somruedi Banchongduang, Published on 27/01/2024
» The global gold price is expected to hit a new high of US$2,300 per troy ounce this year because of the possibility of US Federal Reserve policy rate cuts, surging inflation and geopolitics risks.
Auto loan segment volatile
Somruedi Banchongduang, Published on 20/01/2024
» Thailand's uneven economic recovery has affected some auto loan borrowers and increased default risk.
Pundits predict BoT rate cut in H2
Business, Somruedi Banchongduang, Published on 09/01/2024
» Economists predict the Bank of Thailand (BoT) will start to cut its policy rate in the second half to 2% in line with the country's economic situation and based on the assumption of a United States Federal Reserve (Fed) policy rate cut in the second quarter.
Bank of Thailand united in holding rates steady
Somruedi Banchongduang, Published on 29/11/2023
» The Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) on Wednesday voted unanimously to maintain its policy rate at 2.5%, the highest level in a decade, following a series of rate hikes since August last year, with the 2024 GDP growth projected to be in the range of 3.2-3.8%.
IMF ups 2024 Thai growth forecast to 3.6%
Somruedi Banchongduang, Published on 09/11/2023
» The International Monetary Fund (IMF) has revised its forecast for Thai gross domestic product (GDP) growth upward in 2024, based on robust private consumption gains and improving external demand.
How interest rates affect household debt
Business, Somruedi Banchongduang, Published on 09/11/2023
» Elevated interest rates became the topic of public discussion recently after a homebuyer posted her home instalment payment of 10,900 baht on social media, of which the principal accounted for only five baht, while interest expense was 10,894.5 baht.
Panel calls for Pao Tang app for stimulus money
Business, Somruedi Banchongduang, Published on 02/11/2023
» The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) supports the government using the Pao Tang app for the 10,000-baht digital wallet scheme.
BoT backs fiscal consolidation amid rising debt
Business, Somruedi Banchongduang, Published on 31/10/2023
» The Bank of Thailand supports fiscal consolidation in line with recommendations by the International Monetary Fund (IMF) to strengthen Thailand's economic resilience in the long term amid higher global uncertainties.
Innovation visionary
News, Somruedi Banchongduang, Published on 26/10/2023
» Tan Choon Hin, President and Chief Executive Officer of UOB Thailand, was honoured with the "2023 CEO of the Year Award for Innovative Financial Visionary" by the Bangkok Post for his exceptional leadership and unwavering dedication to the bank's growth and success through innovation development.
SCB assesses its digital future
Business, Somruedi Banchongduang, Published on 07/10/2023
» Siam Commercial Bank (SCB) has unveiled its "Digital Bank with a Human Touch" vision of evolving into a fully digital bank by 2025, with more than 95% of customers completing transactions on digital platforms.