The state-owned Government Savings Bank (GSB) has loosened reverse mortgage lending criteria by waiving a requirement for consent from the borrower’s cousins in an effort to enable the elderly to better access the loan. The bank’s reserve mortgage lending was subdued because of the requirement that cousins must provide consent for the loan, said president […]
Read MoreThe government has tightened its grip on the movement of eight products on the new price control list to curb smuggling from neighbouring countries, shore up domestic prices and prevent a spread of crop diseases. Products included in the movement control are garlic in 52 provinces; onions in 52 provinces; paddy and milled rice in […]
Read MorePhuket, Thailand looks set to weather a perfect storm as soaring hotel supply is forecast to be challenged by declining tourism demand. New research from consulting group C9 Hotelworks in its “Phuket Hotel Market Update Mid-Year Edition” has revealed a development pipeline of 15,348 rooms set to enter the market over the next five years, […]
Read MoreThe Bank of Thailand says the impact of a policy rate cut to tame offshore fund inflows would be limited and it stands ready to enact additional measures if recent moves fail to contain the baht. Interest rates are not the main factor drawing foreign fund inflows, as seen by the influx of funds to […]
Read MoreKUALA LUMPUR: S&P Global Ratings believes the economic risk in Thailand remains high on a global comparison due to its low per capita GDP despite its diversified economy. In its report entitled “Banking industry country risk Assessment: Thailand” issued on Monday, it pointed out the slower credit growth in the past couple of years amid […]
Read MoreThe central bank’s move to curb the rising baht is just a warning shot and will have little impact on the currency’s value or on the bond and stock markets, analysts said. The Bank of Thailand (BOT) took the first step on Friday by reducing the amount of baht accounts held by foreign investors and […]
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Thailand
