The cabinet on Tuesday approved a law to guarantee up to 150 billion baht (US$4.23 billion) in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and media reports. The measure still has to be examined by the Council of State, a government office that […]
Read MoreThe Bank of Thailand (BoT) on Tuesday it expected no surge in bad loans despite a hike in the benchmark interest rate and urged banks to gradually adjust their rates to help vulnerable groups. Banks’ non-performing loans (NPLs) should gradually rise, helped by debt support measures, Suwannee Jatsadasak, senior director at the BoT, told a news […]
Read MoreDespite a weaker-than-expected second quarter, the economy is expected to continue growing in the second half of the year as tourism picks up, the Bank of Thailand (BoT) said on Tuesday, suggesting gradual policy tightening may continue. Second-quarter growth missed the central bank forecast due to lower-than-expected private investment and inventories, but other elements overall were better […]
Read MoreDESPITE a weaker-than-expected second quarter, Thailand’s economy is expected to continue growing in the second half of the year as tourism picks up, the central bank said on Tuesday, suggesting gradual policy tightening may continue. Second-quarter growth missed the central bank’s forecast due to lower-than-expected private investment and inventories, but other elements overall were better […]
Read MoreThe new tri-country freight train, or ASEAN express, between Malaysia, Thailand and Laos will begin operating in October of this year. The Star reports that Keretapi Tanah Melayu Berhad (KTMB), the railway operator company, tested the new railway last week via a dry run to test all aspects of the line and to prepare for the commercial […]
Read MoreThe government should allow manufacturers to increase the price of some consumer goods, the Thai Wholesale and Retail Trade Association said. The association’s president Somchai Pornrattanacharoen said on Monday that market mechanisms and tight competition only allow manufacturers to increase the price very slightly. However, he said, the manufacturing costs have been on the rise, […]
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Thailand
