The Bank of Thailand (BoT)’s two key committees have voiced concern that rising household debt poses a threat to financial stability. The country’s household debt load remains high and is trending upwards, particularly in car loans, according to a summary of a joint meeting of the Monetary Policy Committee (MPC) and the Financial Institutions Policy […]
Read MoreThe state-run Industrial Estate Authority of Thailand (IEAT) plans to promote 18 plots spanning 35,788 rai in the Eastern Economic Corridor (EEC) as new industrial estates. The IEAT expects its board of directors to approve all 18 plots in August, said governor Somchint Pilouk. Of the soon-to-be industrial estates, eight locations are in Chachoengsao, six are […]
Read MoreThe government has given the Bank of Thailand a free hand in dealing with the baht’s rapid gain, says Deputy Prime Minister Somkid Jatusripitak. Taking care of the baht is the central bank’s duty, he said. “We’ve asked the central bank to monitor the baht’s movement, particularly in short-term fund inflows,” he said. “If the […]
Read MoreBANGKOK: Three Thai business associations on Wednesday slashed their 2019 economic growth and export forecasts, and urged the central bank to cut interest rates to slow the strengthening of the baht, which this year has risen more than other Asian currencies. In a joint statement, the Federation of Thai Industries, the Thai Bankers’ Association and […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday forecast that exports this year will contract 1 per cent from the previous year. The committee had earlier this year projected export growth of 3 to 5 per cent for 2019 It reduced its forecast for GDP growth this year to 2.9 per […]
Read MoreThe Hanoitimes – Targeted destinations for the company include key economic hubs like Ho Chi Minh City, Hanoi and Haiphong, as well as high-growth areas like Danang, Phu Quoc, Nha Trang, Cam Ranh and Hoi An. Asian hospitality company Centara Hotels & Resorts, part of Thai conglomerate Central Group, is looking to open at least […]
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Thailand
