Moody’s updates rating on 11 Thai banks

Moody’s updates rating on 11 Thai banks

Moody’s updates rating on 11 Thai banks Moody’s Investors Service has taken rating actions on 11 Thai banks, upgrading the Baseline Credit Assessments (BCA) of six banks (1) Bangkok Bank Public Company Limited (BBL), (2) Bank of Ayudhya (BAY) (3) CIMB Thai Bank Public Company Limited (CIMBT) (4) Export-Import Bank of Thailand (EXIMT) (5) Government…

Bank Of Thailand Feels “No Pressure” To Change Policy Rate

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.…

Relentless Rise Of Thai Baht Causes Exporting Concerns

Relentless Rise Of Thai Baht Causes Exporting Concerns

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…

mobile-banking

Thailand Leads Mobile Banking Penetration

Thailand Leads Mobile Banking Penetration That is well ahead of the global rate of 41% and higher than China, at 61% Among Thailand’s internet users, 74% access banking services via mobile devices, according to the annual Global Digital Report 2019 from social media management platform Hootsuite and digital marketing agency We Are Social. That puts…

Thai central bank seen holding fire after December hike

Thai central bank seen holding fire after December hike

Thai central bank seen holding fire after December hike Thailand’s central bank is all but certain to hold its key interest rate steady on Wednesday after December’s tightening, pausing to support a slowing economy in the face of growing external risks. All 20 economists surveyed by Reuters predicted the Bank of Thailand (BOT)’s monetary policy…