The headline inflation rate, gauged by the increase in the consumer price index (CPI), rose for the 16th straight month in October but slowed from September as prices of raw food, vegetables and fruits dropped. The Commerce Ministry reported yesterday consumer prices rose 1.23% year-on-year last month, easing from 1.33% in September and 1.62% in August, […]
Read MoreTransport Minister Arkhom Termpittayapaisith is demanding officials study further an 8% taxi fare hike before he approves the proposal. He had reservations about approving the new rate, which will be applied only when taxis get stuck in bad traffic, with no change to the currently fixed starting fare of 35 baht. The new calculation, unveiled […]
Read MoreA weaker baht pushed rice export prices in Thailand lower this week, although there were expectations of new deals with the Philippines and China, while rates in India languished at the 21-month lows hit last week due to sluggish demand. In Thailand, benchmark 5% broken rice prices were quoted at $380-$400 per tonne, free on board (FOB) Bangkok, […]
Read MoreBank of Ayudhya (BAY) aims for 10% growth in retail lending and keeping its bad loan ratio at 2.6-2.7% next year, says a senior official at the bank. The 10% growth translates into 100 billion baht worth of new loans in 2019, said Phonganant Thanattrai, head of retail banking and the distribution group. The bank […]
Read MoreThailand’s ranking among 190 economies in the World Bank’s Ease of Doing Business Report 2019 fell a notch to 27th, though its overall score improved by 1.06 percentage points to 78.45. Thailand’s EODB score, an absolute measure of the country’s progress toward global best practices, increased from 77.39 last year. “As a comparative measure, other […]
Read MoreThe National Broadcasting and Telecommunications Commission (NBTC), in collaboration with the Bank of Thailand, 20 financial institutions and six mobile operators, are driving for data connectivity to tighten security of PromptPay, the national e-payment system. The collaboration also aims to make money transfers more convenient by reducing the time banks need to verify users’ identities via […]
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