Political uncertainty takes toll on Thai growth The country’s growth rate is projected to fall from 4.1 percent in 2018 to 3.5 percent in 2019, according to the World Bank’s Thailand Economic Monitor, released today. According to the World Bank’s Thailand Economic Monitor (July edition), risk to the economic outlook in Thailand are primarily domestic.…
Thailand and ASEAN economic integration Amidst global challenges politically and economically the ten members of Association of Southeast Asian Nations or ASEAN willl need even more economic strength and bargaining power globally. The 34th ASEAN summit was held in Bangkok and one of the main aspect of the statement is to emphasize economic integration among…
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,…
BoT trims growth forecast to 3.3% from 3.8% The bank of Thailand while maintaining a policy rate of 1.75 percent per year, announced that in 2019, the economy will expand at the lower rate of 3.3 percent from 4.1 percent in 2018, BANGKOK, 28 June 2019(NNT) – The Bank of Thailand (BOT) announced yesterday that…
Bank of Thailand Holds Key Rate as It Warns of Currency’s Gains The Bank of Thailand left its benchmark interest rate unchanged for a fourth straight meeting, while at the same time downgrading its economic growth outlook and raising concerns about the strong currency. The Monetary Policy Committee voted unanimously to hold its key rate…
Bangkok Bank’s President on Thailand Economy and Digital Banking Chartsiri Sophonpanich, president at Bangkok Bank, discusses the U.S.-China trade war, its impact on Thailand, growth in the country, their loss of market share, asset quality and his plans for digital banking. He speaks exclusively on “Bloomberg Markets: Asia” from the sidelines of the Bloomberg Asean…
Thai Baht hits six year high – 31.05 to the US dollar The Thai baht has hit a six-year high, reaching 31.05 to the US dollar yesterday after the US Federal Reserve signalled possible interest rates cuts. The US Fed says their monetary easing would be in response to increased economic uncertainty and a drop in…
BoT and PBC sign agreement on Fintech Collaboration The two central banks aim to promote the use of innovation and technology to reduce costs and improve efficiency of financial products and services. On 9 June 2019 Mr. Veerathai Santiprabhob Governor of the Bank of Thailand (BOT) and Mr. Yi Gang Governor of the People’s Bank of China (PBC), signed a…
Asian real estate and US interest rates Continued upward movements of US interest rates are starting to impact Asian real estate markets in a number of ways Economic conditions in the US continue along a path of steady improvement, with the latest GDP growth rate of 4.1% (annualized), signifying the strongest rate of growth in…
KBank launches KATALYST funding and guiding startup project Startups participating in the KATALYST project will get an opportunity to make a campaign with KBank, which has a customer base of over 14.5 million. Ms. Kattiya Indaravijaya, middle, KBank President, Mr. Supreecha Limpikanjanakowit, left, KBank First Senior Vice President, and Mr. Thanapong Na ranong, right, Beacon…