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Thailand: Four banks trim prime lending rates

Four commercial banks — Kasikornbank (KBank), Siam Commercial Bank (SCB), Krungthai Bank (KTB) and Bank of Ayudhya (BAY) — followed in the footsteps of Bangkok Bank (BBL), passing on some or more than the central bank’s 25-basis-point rate cut for their prime lending rates. The new rates for KBank, SCB and KTB take effect from […]

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Thailand: Survival depends on literacy

Enhancing digital literacy and pursuing a customer-centric experience are necessary as businesses adapt to new behaviour during the pandemic, particularly with travel restrictions and changes in supply chains. Thailand is migrating from the phase of self-quarantine and stringent lockdown measures to gradually resuming operations under social distancing. The impact from the Covid-19 pandemic is classified […]

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Thailand: Tourism sector looks to resume domestic trips

The tourism sector is unfazed by the possible extension of the emergency decree, with operators saying their businesses are flexible and it will not interrupt the goal to kick-start domestic travel nationwide in June. The Tourism and Sports Ministry is planning to discuss with the prime minister permission to allow domestic tourism to start in […]

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Thai stock market’s valuation vaults to record in pandemic

Thailand’s bear-market stock rally may stall after a series of earnings estimate downgrades helped push valuations to their most-expensive on record. The benchmark SET Index trades at about 17.7 times its 12-month consensus profit forecast, a record high, according to Bloomberg data dating back to 2005. The pricey multiple comes after analysts slashed earnings estimates […]

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Thailand: Interest rate cut to record low 0.5%

The Bank of Thailand cut the policy rate yesterday by 0.25 percentage points to a fresh record low of 0.5%, saying it is ready to use additional policy tools to soften the economic blow while downside risks to the country’s economy this year remain high. The central bank’s Monetary Policy Committee (MPC) voted 4-3 at […]

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Panasonic to move appliance production from Thailand to Vietnam

The Hanoitimes – The plant, located outside Hanoi, would be the company’s largest manufacturing hub for refrigerators and washing machines in Southeast Asia. Panasonic will shut down a large appliance factory outside Bangkok as early as this fall and consolidate production to a larger facility in Vietnam for greater efficiency, Nikkei reported. The Thai plant will stop […]

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