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Thai Central Bank instructed to review interest rate caps on personal loans

Prime Minister Prayut Chan-o-cha has instructed the Bank of Thailand (BoT) to review the caps on interest rates charged for personal loans, which include credit cards, ready cash cards, vehicle…

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Cabinet approves asset warehousing scheme to help debt-ridden businesses

The cabinet approved financial measures today (Tuesday), worth 350 billion baht, to help financially-troubled businesses overcome the impacts of the COVID-19 pandemic. The financial package includes 250 billion baht in…

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A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Jan. 28, 2021. Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. (AP Photo/Ahn Young-joon)

Asian markets a sea of red as virus woes add to correction fears

Asian markets suffered further losses Thursday, tracking a rout in New York and Europe as markets were hit by a perfect storm of worries about the slow rollout of vaccines,…

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Central bank keeps benchmark interest rate at 1.25 percent

The Bank of Thailand’s Monetary Policy Committee (MPC) agreed unanimously on Wednesday to leave the benchmark interest rate unchanged at 1.25%, after its assessment that economic growth will be less…

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Central bank cuts growth projection to 2.8 percent but retains policy rate at 1.5 percent

The Bank of Thailand has slashed the country’s economic growth projection for this year to 2.8% from 3.3% and the projection for next year from 3.7 % to 3.3%. The…

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Central bank takes measures to deal with baht speculation

The Bank of Thailand is concerned about the rapid appreciation of the baht currency and has taken measures to curb speculative hot-money inflows, Assistant Governor Vachira Arromdee said today (Friday)….

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