Thai central bank steps in to curb baht price’s surge

Thai central bank steps in to curb baht price’s surge

Thai central bank steps in to curb baht price’s surge The baht has risen about 5.6 percent against the US dollar this year, becoming Asia’s best performing currency, putting more pressure on Thailand’s export-driven economy at a time when global demand is cooling The Bank of Thailand is taking measures to control short-term capital inflows,…

Thai central bank says it has not manipulated currency

Thai central bank says it has not manipulated currency

Thai central bank says it has not manipulated currency THAILAND’S central bank has not intervened in the trading of the baht to gain a trade advantage with the United States, an assistant governor said on Monday, amid speculation that Washington may soon add the country to a currency watch list. “Thailand has some trade surplus…

Thailand’s biggest debt trap is not Chinese

Thailand’s biggest debt trap is not Chinese

Thailand’s biggest debt trap is not Chinese Thai household debt ratio at 78.6 percent is among the top three countries with the highest household debt in Asia. The so called “Chinese debt trap” has drawn a lot of commenting in the media, but Thailand’s biggest debt trap is still home-grown and has reached the value…

Thai banks face tough competition in digital world

Thai banks face tough competition in digital world

Thai banks face tough competition in digital world Although the Thai commercial banks achieved higher net profits in the first quarter of 2019, they expect a tough year ahead amid aggressive competition in the digital era. The Thai government’s plan to turn Thailand into a cashless society has prompted local banks to remodel their business…

Thai Banks to tax savings interest above 20,000 baht

Thai Banks to tax savings interest above 20,000 baht

Thai Banks to tax savings interest above 20,000 baht BANGKOK, 23 April 2019 (NNT) – The Thai Bankers Association has held a meeting to find a solution to the savings interest tax and to provide maximum convenience to bank customers who might be obliged to divulge their savings account activity to the Revenue Department so…

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Improved FY19 earnings seen for CIMB Thai Bank

Improved FY19 earnings seen for CIMB Thai Bank Upgrade to outperform with an unchanged target price (TP) of RM6.10. CIMB Thai Bank Pcl’s three months of financial year 2019 (3MFY19) earnings exceeded our expectations accounting for 41% of our full-year estimates, attributed to lower-than-expected impairment allowances. Asset quality improved in tandem with the lower impairments. We…

MOU SIGNING Thai, Lao central banks enhance cooperation

MOU SIGNING Thai, Lao central banks enhance cooperation

MOU SIGNING Thai, Lao central banks enhance cooperation The Bank of Thailand and the Bank of Laos PDR have signed a memorandum of understanding (MOU) on cooperation in the areas of financial innovation and payments systems in Chiang Rai yesterday after the meeting of the 5th Asean Finance Ministers’ and Central Governors’ Meeting and related…

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…