Even though property developers are crying foul over the central bank’s tougher loan-to-value (LTV) requirement, some commercial lenders, particularly large ones, still delivered strong mortgage lending growth for the first nine months. Kasikornbank (KBank) saw its housing loans outstanding at the end of September surge nearly 11% from the end of last year, well above […]
Read MoreUS President Donald Trump’s decision to suspend some US trade benefits for Thailand will have a limited impact on Thai exports, the Commerce Ministry told reporters on Sunday. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the ministry, said that only 0.01% of overall Thai exports would be affected by the changes […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) could cut the policy rate another 25 basis points before year-end, but the move is not expected to rein in the baht’s rising strength, says Kasikornbank (KBank). “Another possible rate cut this year is not anticipated to mitigate the baht appreciation significantly,” said Kobsidthi Silpachai, head of […]
Read MoreThailand advanced six notches to 21st out of 190 countries in the World Bank’s 2020 Ease of Doing Business (EODB) rankings. The country scored 80.1, slightly below Malaysia, ranked 12th, with a score of 81.50 and Singapore, ranked 2nd, with a score of 86.2, according to the latest EODB report. Thailand’s overall score in the […]
Read MoreU Kyaw Kyaw Maung, governor of the Central Bank of Myanmar (CBM) and his Thai counterpart Veerathai Santiprabhob, have signed a memorandum of understanding (MOU) to promote the use of the Myanmar kyat and Thai baht for trading at the border, according to an October 21 statement issued by the Bank of Thailand. The governors also […]
Read MoreOVERALL outlook for business and investment in the Thai capital remains optimistic according to Edmund Tie’s latest research report, citing resilient demand for commercial and retail space. Total investment sales volume increased slightly by 1.1 per cent, from THB12.0 billion in Q2 to THB12.1 billion in Q3. The largest deal conducted over the course of […]
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