File photo : PM Srettha Thavisin

PM complains about Thai Central Bank’s decision to increase policy rate

Prime Minister Srettha Thavisin has expressed his disagreement with the decision of the Bank of Thailand to raise its policy rate, arguing that it is excessively high in comparison to…

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Thai central bank raises policy rate by 25 basis points

The Bank of Thailand’s monetary policy committee unanimously voted to raise the policy rate by 25 basis points, to 2.5%, with immediate effect today (Wednesday). According to Piti Disyatat, secretary…

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Digital wallet and debt moratoria schemes should not be for all : BoT governor

Bank of Thailand Governor Sethaput Suthiwartnarueput has suggested that the “digital wallet” scheme should target certain people, instead of all Thais who are 16 and older, while debt a moratorium…

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“Utility Tokens” to be used for “digital wallet” scheme

The Pheu Thai-led government will consult the Bank of Thailand over the proposed use of the Utility Token Type 1 as a means of payment for the Pheu Thai party’s…

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The Former Chairman of Joint Foreign Chamber of Commerce, Mr. Stanley Kang

Business leaders urge parliament to form a government in 1 month

Several of Thailand’s business leaders are expressing concern over political instability. A new government has still not been formed since the general election in May. The business community is asking…

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Thailand’s economic growth forecast at 3.6% this year despite political uncertainty

Delay in the formation of the new government will impact the disbursement of the 2024 national budget, especially investment in new mega projects, which may not be launched, according to…

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Thai economic gurus predict more growth, exports and tourism this year

Three of Thailand’s business, banking and capital market gurus are optimistic about the country’s improved economic performance this year, with a tourism boom, increased foreign investment and exports, which will…

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Thailand’s economy in 2023 could pose multiple challenges to government and central bank

Thailand’s gross domestic product (GDP) will expand by around 3-4 percent this year, only slightly higher than last year’s 3.2 percent, the National Economic and Social Development Council, a state…

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62,000 debtors apply for debt restructuring through Thailand’s central bank

More than 62,000 people have applied to restructure their debts since September 26th, at the Online Debt Restructuring Fair, organised by the Bank of Thailand. Suwannee Jatsadasak, senior director of…

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The baht feels the weight of strengthening US dollar

The Bank of Thailand (BOT) has been facing the delicate task of navigating the baht and the economy through turbulent waters.  As the government has apparently almost run out of…

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Thai Central Bank invites feedback on its plan to set up virtual banks

The Bank of Thailand is open to feedback from all stakeholders, until the end of this month, about its plan to set up virtual banks in Thailand, Governor Sethaput Suthiwartnarueput…

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Thai banks assure systems are in place to protect against cyber scams

Commercial banks in Thailand have put in place measures to protect their credit and debit card holders from cyber fraudsters who, between October 1st and 17th, stole about 130 million…

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The photo, taken in January 2020, shows a physical imitation of a Bitcoin in Dortmund, western Germany. (Photo by INA FASSBENDER / AFP)

The rewards (and risks) of Thailand’s big bet on cryptocurrency

As more people and businesses invest in digital currencies, the Bank of Thailand (BOT) faces the delicate task of trying to balance financial stability and investor protection on the one…

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Central bank governor says Thai economy does not need bailout from IMF

The Thai economy is strong enough and the country does not need to seek a financial bailout from the International Monetary Fund (IMF), although its GDP this year may be…

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Thai commercial banks asked to suspend interim dividends and share buybacks

The Bank of Thailand has asked commercial banks to suspend interim dividend payments for this year and to delay share buybacks, in order to maintain strong capital reserves to help…

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Lending guidelines planned to reduce Thailand’s household debt

Thailand’s commercial banks have recently agreed, in principle, with the Bank of Thailand to set lending guidelines by limiting a borrower’s debt-to-service ratio (DSR) to 70%, for those earning up…

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BOT’s move to curb rapid Thai Baht surge

The Bank of Thailand (BOT) has scaled back the auction size of short-term bonds this month in what was seen as an attempt to curb the rapid surge of Thai…

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Strong baht sends jitters through Thai export sector

Thailand’s private sector has expressed serious concern over the strengthening baht, which has rallied to its highest level against the US dollar for six years and may badly affect the…

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Thailand’s Central bank considering reduction of export and GDP projections next month

The current growth forecast for Thailand’s GDP is 3.8%, with exports projected to grow by 3%, but global economic volatility, caused by the intensifying trade war between China and the…

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Smog from sugarcane burning is fading – just for now

Smog from sugarcane burning may have faded, after sugarcane harvest season this year is about over. However, it does not mean the black smoke will disappear from the sky forever….

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