Thai Lenders Able to Deal With Virus Impact, Central Bank Says (Bloomberg) — Thailand’s commercial banks are financially sound and are able to withstand any economic impact from the pandemic, Bank of Thailand Deputy Governor Ronadol Numnonda said in a statement Sunday. A portrait of Thai King Maha Vajiralongkorn, center, is displayed on a one…
Thai economy improved in June says Bank of Thailand In June 2020, the Thai economy improved from the previous month due to the gradual relaxation of lockdown measures both in Thailand and abroad, supporting economic activities to resume operations In June 2020, the Thai economy improved from the previous month due to the gradual relaxation…
Bank of Thailand (BOT) orders banks to revise interest rates and fees Bank of Thailand (BOT) has ordered commercial banks to revise their interest rates, and the fees they charge for their financial products and services including ATM and debit card fees Good news for the general public and SMEs as the Bank of Thailand…
Bank of Thailand cuts rate by 0.25% to 1.25 per cent The latest cut brings the Bot’s policy rate to an historical low, which the bank maintained from April 2009 to July 2010 during the subprime global financial crisis. On 6 November 2019, the MPC voted 5 to 2 to reduce the policy rate by…
What goes up must come down – the battle of the baht Newton’s law looms over the Thai baht. Meanwhile, the Thai baht continues to be the best performing currency in Asia. The Thai currency is riding a 6-year high against the USD and, this year, has surged 8% against the US currency. But the strong…
Thailand’s soaring baht reaches six-year high In early 2019, the BOT did not seem concerned about the Thai baht’s appreciation, as a strong currency can actually benefit Thai importers and those who have foreign currency debts The Thai baht has been the best performing currency in emerging Asia since 2018. On a year-on-year basis, it…
Thai Baht currency control mulled by central bank The Industry Minister proposed measures to help business owners, such as the promotion of Thai Baht as a currency for international trade to reduce the risks from US Dollar currency fluctuation BANGKOK, 15th August 2019 (NNT) – The Minister of Industry has held talks with the Bank…
Thailand’s four challenges : Debt, inequality, plastics and climate change Thais tended to get into debt faster, for longer and for higher amounts. Indebtedness starts as soon as they begin to work at age 25 and can increase until 56 years old. Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the…
Bank of Thailand Is Open to Discuss Libra, Concerned Over Security Bank of Thailand governor Veerathai Santiprabhob said that the institution is open to discussing Facebook’s Libra stablecoin with the company, Chinese state-run press agency Xinhuanet reported on July 19. Per the report, Santiprabhob made his remarks at the Bangkok FinTech Fair on July 19, pointing out…
GHB on track to achieve mortgage target once Bank of Thailand relaxes rules The Government Housing Bank or GHB is confident its new mortgage loans will reach the target of Bt203 billion once the Bank of Thailand’s relaxes its rules and approve loans for state agency staff as part of the government’s welfare loan scheme,…