The Bank of Thailand has eased the conditions of the Debt Clinic’s unsecured loan restructuring programme to let more borrowers apply for debt solutions, with additional restructuring options. The new conditions became effective on Sept 8. According to the central bank’s announcement, it is allowing borrowers who were classified as non-performing loan (NPL) clients of financial […]
Read MoreThe impact of flooding in 21 provinces nationwide is expected to slow tourism activities in the third quarter and corporate travel in particular, while pent-up demand from delayed trips might cause congestion in the final quarter. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the third quarter was normally the peak time for corporate trips […]
Read MoreThailand exported 4.75 million tonnes of rice during the first seven months of this year, up 53% compared to the same period last year, said government spokesman Anucha Burapachaisri on Sunday. The government is certain it will reach its 7.5-million-tonne export target by the end of 2022. Speaking at a media gathering, Mr Anucha said the […]
Read MoreRetail sentiment remains tepid as operators fret over rising inflation, an interest rate hike and an increase in the daily minimum wage bound to raise their production costs. Based on the latest market survey conducted during Aug 17-26 by the Thai Retailers Association and the Bank of Thailand, the Retail Sentiment Index stayed unchanged from July […]
Read MoreThe Bank of Thailand’s Puey Ungphakorn Institute for Economic Research (Pier) forecasts the country’s high inflation rate will unravel naturally in the medium to long term because rising inflation is mainly a result of specific factors rather than macroeconomic issues. According to Pier’s research on the country’s rate of inflation, the specific factors represent 85% of […]
Read MoreRECAP: Global markets remained fixated this week on inflation, interest rates and energy prices. There was added drama in Britain, where the passing of Queen Elizabeth II came just two days after Prime Minister Liz Truss took office and announced a bold plan to cap soaring energy prices for two years. In Thailand, the stock market […]
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