SCB cuts thai growth forecast to 3.6% The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6% from a previous expectation of 3.8%. Trade war puts brakes on exports According to first executive vice-president Yunyong Thaicharoen, this is mainly due to the decreasing trends of the…
Bank Of Thailand Feels “No Pressure” To Change Policy Rate The governor of the Bank of Thailand downplayed risks to the economy from the country’s disputed recent election FILE PHOTO: Thailand’s Central Bank Governor Veerathai Santiprabhob is seen during an interview with Reuters at the Bank of Thailand headquarters in Bangkok, Thailand March 14, 2018.…
Thailand’s old duty-free monopoly challenged by rivals After a general election, Lotte, Central, The Mall, Siam Piwat go after King Power BANGKOK — After more than three decades, King Power’s duty-free monopoly in Thailand may be coming to an end as the country’s next government is expected to act on calls to break the company’s…
Thailand Holds Key Rate Steady At 1.75% The Committee voted unanimously to maintain the policy rate at 1.75 percent assessing that the Thai economy would expand around its potential despite at a slower pace than previously assessed due to a slowdown in external demand. Nevertheless, domestic demand would continue to gain traction. Headline inflation projection…
Krungsri shifts from asset-driven commercial focus to being trusted banking partner for corporate clients Krungsri (Bank of Ayudhya) has unveiled its 2019 commercial-banking business direction to become a trusted banking partner, shifting from an asset-driven strategy to provide advice and total solutions to serve the different needs of corporate customers. With a loan-growth target of…
Krung Thai Bank Public Company Limited (KTB) Plunges -1.04% on Mar 3 Shares of Krung Thai Bank Public Company Limited (BKK:KTB) last traded at 19.1, representing a move of -1.04%, or -0.2 per share, on volume of 41.92 million shares. After opening the trading day at 19.4, shares of Krung Thai Bank Public Company Limited…
Relentless Rise Of Thai Baht Causes Exporting Concerns Commerce Ministry officials fear that continued currency strength could hinder Thai exports. The Thai baht has been relentless in its pursuit of the dollar, with the baht set to finish the financial year once again as one of Asia’s strongest performing currencies. The Thai baht’s climb against…
Kasikornbank (KBank) has announced a mission to forge a brand-new banking business, in order to be more robust at home and ready to make greater inroads abroad. In so doing, KBank has integrated data, human resources and business partners to personalise services that meet the needs of customers residing anywhere. The bank is aiming for…