Economy and commerce

The Bank of Thailand has moved forward measures, originally meant to begin early 2021, but most of which will now take effect from end of this month. The end result is that the new rules will make it easier for Thais to shuffle money overseas ...

The government has set a target to disburse at least 70% of the 400-billion-baht budget scheduled for social and economic rehabilitation in fiscal 2021.Danucha Pichayanan, secretary-general to the National Economic and Social Development Council (NESDC), said by the end of September next year (the final ...

Kasikornbank predicted the baht would move between 30 to 30.40 per US dollar next week, with several factors requiring monitoring by investors.The bank said that the political situation in Thailand, as well as export data for October to be announced in the near future, would ...

The Bank of Thailand has been studying a warehousing concept that allows commercial banks to sell commercial loans parked in funds of asset management companies at prices acceptable to both the creditor and borrower.Given the difficulties amid the Covid-19 crisis, some businesses have had to ...

The Bank of Thailand stands ready to implement additional measures to manage the strengthening baht under a targeted policy, on both a short-term and long-term basis.The central bank’s Monetary Policy Committee (MPC) has expressed concerns over the rapid appreciation of the baht as this affects ...

The government is speeding up the process to enable parliament to approve its signing of the Regional Comprehensive Economic Partnership (RCEP) trade pact, potentially the word’s biggest free trade deal, by February 2021 to pave the way for full ratification within 2021, says Commerce Minister ...

At a meeting on Wednesday, the Bank of Thailand’s Monetary Policy Committee (MPC) voted unanimously to maintain the policy rate at 0.5 per cent to support economic recovery, while placing emphasis on more targeted measures, MPC secretary Titanun Mallikamas said.The committee believes that despite the ...

Borrowers showed improved debt-servicing ability in the third quarter, especially for numerous auto loan customers that exited from the Bank of Thailand’s debt relief measures.Commercial banks provided financial assistance to customers worth a total of 3.78 trillion baht from July to September, making up 26% ...

Export and tourism-related stocks are likely to reap benefits from the new Regional Comprehensive Economic Partnership (RCEP) trade agreement, which includes 15 countries and was signed over the weekend at the 37th Asean Leadership Summit.The new deal creates the world’s largest free trade bloc, with ...

The economy shrank 6.4 per cent in the third quarter, the National Economic and Social Development Council (NESDC) said on Monday.The gross domestic product in the third quarter however was an improvement from the 12.1 per cent contraction in the second quarter, as a result ...