Thai central bank ready to provide more support measures as coronavirus escalates BANGKOK, May 13 (Reuters) – Thailand’s central bank said it will announce new measures on Friday to help households and small businesses during the pandemic and could provide further monetary and credit support if needed as the country deals with a third wave…
Why pay 7% VAT and what do you get in return BAGKOK (NNT) – Valued Added Tax, or VAT, is a familiar concept among the Thai people but is brought up for debate on an almost annual basis, often becoming a political issue. What are the origins of VAT What is the VAT rate in…
UPDATE 1-Thai central bank concerned about baht leap, but no pressing need for QE LONDON, Nov 24 (Reuters) – Thailand’s central bank governor said on Tuesday the speedy rise of the country’s baht currency was causing concern, but played down the chance of launching unconventional measures such as mass bond purchases any time soon. Thailand’s…
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 central bank seen holding key rate at record low to preserve ammunition – Reuters poll BANGKOK (Reuters) – Thailand’s central bank is widely expected to leave its key interest rate unchanged at a record low after three cuts this year to help cushion the economic impact of the coronavirus pandemic, a Reuters poll showed.…
Thai central bank has reasons but no room to ease policy We have cut our view of Thailand’s GDP growth in 2Q20 to -12.8% from -8.3% and in full-year 2020 to -6.6% from -5.4%. The Bank of Thailand has all the more reasons to ease but no room left to do so at the meeting…
Thai central bank seen holding key rate at record low to preserve ammunition – Reuters poll BANGKOK (Reuters) – Thailand’s central bank is widely expected to leave its key interest rate unchanged at a record low after three cuts this year to help cushion the economic impact of the coronavirus pandemic, a Reuters poll showed.…
Thai central bank seen cutting key rate to help economy in recession BANGKOK (Reuters) – Thailand’s central bank is widely expected to cut its benchmark interest rate to a new low at its policy review on Wednesday to cushion the economy from the impact of the coronavirus outbreak. FILE PHOTO: A view of the Bank…
Thai Banks launch packages for clients affected by COVID-19 Commercial banks in Thailand have offered refinancing services to some 30,000 clients, worth 234 billion baht in total. All commercial banks in Thailand have pledged to offer special financial aid to customers and businesses affected directly or indirectly by the economic implications of COVID-19, ensuring sufficient…
Thai banks slash growth forecast around 2% Thai growth may be around 2% or less, said two major Thai commercial banks and a senior official of the Bank of Thailand. Several major Thai banks have drastically reduced their GDP growth forecast for 2020 citing the coronavirus epidemic, drought and fiscal delays. The coronavirus epidemic, the…