Thai Central Bank Prepared To Adjust Rates Based On Outlook Deputy Governor of Bank of Thailand discusses potential interest rate adjustments in response to global economic conditions. Top News · Apr 22, 2024
Thailand’s economy stumbles as Philippines, Vietnam, Indonesia race ahead Thai economy is falling far behind its Southeast Asian peers amid growing middle-income trap fears. Al Jazeera · Apr 1, 2024
Thai central bank prepared to lower rates amid weakened private consumption The Bank of Thailand is prepared to decrease interest rates in the event of a significant decline in private consumption, indicating proactive measures to ... Top News · Feb 8, 2024
A new threat on the banking horizon The Bank of Thailand warns that online financial fraud is increasing as criminals turn to false base stations. Bangkok Post · Jul 14, 2023
Man with a mission Household debt should be a national agenda item and legal support is required to manage the problem comprehensively, says Piti Tantakasem, chief executive of TMBThanachart Bank (ttb), in an exclusive interview with the Bangkok Post. Bangkok Post · Jul 7, 2023
Heng to maintain rates through 2024 Heng Leasing and Capital Plc expects to maintain its maximum interest rate through next year even as the central bank raises rates because of the company's loan portfolio adjustment. Bangkok Post · Jul 5, 2023
BoT considers rate cuts amid debt crisis The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive. Bangkok Post · Jul 5, 2023
Central bank aims to tackle debt crisis The Bank of Thailand aims to cut persistent debt in order to reduce the burden of households and help consumers exit from the debt cycle faster. Bangkok Post · Jul 3, 2023
Shares rise on hopes for stimulus in China RECAP: Asian stocks inched higher yesterday as weak manufacturing data from China stoked expectations of fresh stimulus, even as strong US data bolstered the view that the Federal Reserve will keep interest rates higher for longer. Bangkok Post · Jun 30, 2023
Q1 household debt hits B16tn Household debt in the first quarter this year soared to 16 trillion baht, accounting for 90.6% of GDP, attributed to increases in debt as well as the redefinition of national household debt, says Sakkapop Panyanukul, the Bank of Thailand's senior director of the economic and policy department. Bangkok Post · Jun 30, 2023
Economy picks up as tourism, spending rise The Thai economy in May improved from the previous month as tourism gathered momentum and private consumption increased while exports remained weak, the Bank of Thailand (BoT) said on Friday. Bangkok Post · Jun 30, 2023
Ant Group supports local partners on inclusive financial services Ant Group continue to support its local partners in Thailand to develop inclusive financial services i.e cross-border payment solution, virtual bank etc. for local consumers and business communities. However, the company is mainly focusing on cross-border payment solution in the Thai market, said general manager for global merchant partnership of Thailand… Bangkok Post · Jun 28, 2023
FPO requests debt restructuring The Fiscal Policy Office (FPO) is calling on state financial institutions and commercial banks to implement debt restructuring measures to reduce the debt repayment burden rather than extending the repayment period, says director-general Pornchai Thiraveja. Bangkok Post · Jun 28, 2023
BoT eases forex rules for stability The Bank of Thailand plans to further relax foreign exchange regulations to balance capital flows, seeking to stabilise the exchange rate over the long term. Bangkok Post · Jun 27, 2023
Bangkok Post · Jun 27, 2023 BoT loosens forex rules further The Bank of Thailand (BoT) says it will double the amount that Thai retail investors can invest in foreign securities in order to encourage capital outflows amid a volatile baht.
Bangkok Post · Jun 19, 2023 BoT cracks down on lending The Bank of Thailand plans to implement new lending guidelines to prevent over-indebtedness of household borrowers, says Siritida Panomwon Na Ayudhya, assistant governor of payment systems policy and financial consumer protection group.
Bangkok Post · Jun 19, 2023 SCB X, KakaoBank keen on virtual banking SCB X Plc is teaming up with KakaoBank to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.
Bangkok Post · Jun 18, 2023 Drowning in debt Household debt has long been a concern for Thailand, impeding consumer spending and hindering economic growth.
Bangkok Post · Jun 16, 2023 SCB X and KakaoBank eye virtual banking SCB X Plc is teaming up with KakaoBank of South Korea to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.
Bangkok Post · Jun 15, 2023 Thai growth set to beat BoT forecast The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth.
Bangkok Post · Jun 14, 2023 Central bank expects easing of loan growth The Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion.
Bangkok Post · Jun 14, 2023 Whoever takes office will inherit a mess The election result is clear and the MOU to form a 312-seat government in the 500-seat parliament is agreed. But who will lead Thailand and its economy for the next four years is unclear. Whether it will be a pro-equality government, pro-growth government, or even a pro-big-spending government remains in…
Bangkok Post · Jun 12, 2023 EIS optimistic on economic prospects in H2 The Economic Intelligence Service (EIS), a research arm of the Thailand Development Research Institute (TDRI), forecasts a better second half for the Thai economy, driven by increased tourism and domestic consumption, although the political instability would need to be monitored.
Bangkok Post · Jun 11, 2023 Krungsri upbeat on digital baht The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs.
Bangkok Post · Jun 8, 2023 BoT: Government change not a factor in rate policy The Bank of Thailand says there is no need to wait and see what policies are formulated by the new government before deciding whether or not to raise interest rates further.