Thailand’s exports should grow by 8% this year if China’s economy recovers and the shortage of semiconductors eases, according to the Thai National Shippers’ Council (TNSC). Chaichan Chareonsuk, the TNSC chairman, said on Tuesday the country’s exports for the last four months of this year are likely to see continued growth momentum. “Despite myriad negative factors, […]
Read MoreThe Credit Card Club, a unit of the Thai Bankers’ Association, plans to meet with the Bank of Thailand to share information about the credit card market to address the regulator’s concerns over rising household debt stemming from unsecured loans. The club has 16 members, mostly credit card providers from commercial banks and large non-banks, such […]
Read MoreThailand’s exports are expected to rise 8% this year, the top end of a previous forecasts range of 6% to 8%, helped by increased demand for food amid global food insecurity, the national shippers’ group said on Tuesday. Exports, which rose 11% in January-August from a year earlier, should continue its momentum, Chaichan Chareonsuk, chairman of […]
Read MoreThailand’s economic recovery is likely intact and inflation should ease next year, the central bank chief said on Tuesday. Bank of Thailand (BoT) Governor Sethaput Suthiwartnarueput was speaking to a business seminar. The BoT has forecast economic growth of 3.3% for this year and 3.8% next year. Mr Sethaput reiterated that rate hikes would be gradual […]
Read MoreThailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool. Mr Kobsak, also chairman of the Federation of Thai Capital Market Organizations, said that Thailand’s economic fundamentals remained strong, boosted by a rapid recovery in tourism and foreign […]
Read MoreThe Bank of Thailand plans to ask both banks and non-banks to cease encouraging unnecessary borrowing of unsecured loans early next year as it wants to see the ratio of household debt to be at a level not exceeding 80% of GDP. The central bank does not want to see the household debt-to-GDP ratio exceed 80% […]
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