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BUSINESS

BAY targets 10.5% mortgage growth

Business, Pawee Sirimai, Published on 21/09/2017

» Bank of Ayudhya (BAY), the country's fifth-largest bank by assets, aims for 10.5% growth in total mortgages this year, outperforming the industry's softer forecast of 6%.

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BUSINESS

Potential US rate rise puts brakes on fund inflows

Business, Pawee Sirimai, Published on 30/09/2017

» The influx of offshore funds into Thailand has slowed after the US Federal Reserve signalled another rate rise this year, says a senior Bank of Thailand official.

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BUSINESS

BoT: Farm incomes down 2.6% in July

Business, Pawee Sirimai, Published on 01/09/2017

» Nominal farm income registered the first contraction of the year in July, continuing to weigh down on private consumption throughout the third quarter, says a Bank of Thailand senior official.

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BUSINESS

Personal debt still hampers spending

Business, Pawee Sirimai, Published on 30/08/2017

» Even though household debt has been quite stable, massive leverage will continue to weigh on economic growth over the next few years, warns a high-ranking official at the Bank of Thailand.

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BUSINESS

TMB raises GDP forecast with caveat

Business, Pawee Sirimai, Published on 08/09/2017

» TMB Analytics has revised up its forecast for Thailand's full-year economic growth to 3.5% from 3.3% in the wake of robust exports. But TMB Bank's research house raised concerns about the concentration of economic activity in a few large corporations.

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BUSINESS

More cards, less default, study finds

Business, Pawee Sirimai, Published on 07/09/2017

» Cardholders with a stack of plastic in their wallets have lower default rate than those with only one or two cards, unlike personal loan debtors with multiple creditors, who tend to default more, say researchers at the central bank's think tank.

BUSINESS

Refinn eyes website customer growth

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

» Refinn International Dot Com, a fintech refinancing startup, aims to handle 3.4 billion baht in mortgage refinancing via its website this year, despite recording just 1.3 billion in the first eight months.

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BUSINESS

BoT relaxes capital curbs for flexibility

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

» The Bank of Thailand has further relaxed curbs on capital outflows with the goal of widening overseas investment opportunities for local investors, giving more flexibility to money changers and creating a balance of fund flows to weaken the strong baht.

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BUSINESS

BoT unveils SME forex option contract

Business, Pawee Sirimai, Published on 18/08/2017

» The Bank of Thailand plans to roll out a foreign exchange option with a lower fee to encourage small and medium-sized enterprises (SME) to access forex hedging tools in dealing with the firmer baht.

BUSINESS

BoT mulls further anti-speculation steps

Business, Pawee Sirimai, Published on 22/08/2017

» The Bank of Thailand may consider additional measures to curb baht speculation after occasional increases in the volume of foreign exchange transactions have been detected, says a senior official at the central bank.