Consumer prices, a gauge of headline inflation, rose to an eight-month high in January, driven by higher raw food and energy prices. The Commerce Ministry said yesterday that overall consumer prices rose by 1.05% from the same month of last year, quickening from a 0.87% year-on-year rise in December, 0.21% in November and 0.11% in […]
Read MoreBANGKOK: Britain’s largest supermarket chain Tesco Plc is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia that could fetch more than US$7bil (RM28.85bil), according to sources. Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by the Chirathivat family, were picked to proceed with deadline […]
Read MoreTwo state-backed banks — Government Savings Bank (GSB) and GH Bank — and Siam Commercial Bank (SCB) have hopped on the rate-cutting bandwagon by trimming their lending rates, effective from Friday. GSB is passing on in full the central bank’s 25-basis-point reduction for the minimum retail rate (MRR) and minimum overdraft rate (MOR), said Chatchai […]
Read MoreThe Bank of Thailand still has monetary policy space to support the country’s economic growth if necessary, its chief says. Central bank governor Veerathai Santiprabhob’s comments came a day after rate-setters cut the policy rate by a quarter-point to a historical low of 1%. “The Bank of Thailand is the first central bank to take […]
Read MoreThe Consumer price index (CPI) rose 1.05% in January from a year earlier, quickening from the previous month and beating expectations, Commerce Ministry data showed on Thursday. A Reuters poll had forecast the CPI would rise 0.96% year-on-year in January after December’s 0.87% increase. The headline reading was the highest in eight months and returned […]
Read MoreThe Bank of Thailand yesterday cut its policy rate by 25 basis points to an unprecedented 1% to curb the impact of the novel coronavirus outbreak, the delayed fiscal budget and severe drought conditions. The decision prompted Kasikornbank (KBank) to pass on the cut in full for its minimum retail rate (MRR). Spearheading rate reductions, […]
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