Thais are turning to banks as a safe haven, adding deposits at a record pace in the Covid-19 era. While that’s a vote of confidence, the lenders are likely to face a hard time putting all the funds to good use. Total deposits at all commercial banks surged by 833 billion baht in March, a […]
Read MoreDuring the first three weeks of this month, from May 4 to 24, around 398,099 tourists visited various tourist destinations across the country, according to Minister of Tourism Thong Khon. Among them, he said, 390,922 were domestic tourists, while 7,177 others were foreign tourists. Only for the third week, from May 18 to 24, there […]
Read MoreThailand’s economy in 2020 will face its longest period of contraction since the Asian financial crisis of 1997-98. The economy shrank by 1.8% year-on-year in the first quarter, from growth of 1.5% a year earlier, as weak exports, public consumption and investment dragged on headline growth. Consecutive quarter-on-quarter GDP declines — 2.2% in the first […]
Read MoreThe Hanoitimes – Emerging economies are chasing companies to get more FDI, but companies are chasing Vietnam to move there, said HSBC. External risks such as the US – China trade war and, most recently, the Covid-19 pandemic, in fact made Vietnam an even more attractive proposition relative to many other markets, according to HSBC. In […]
Read MoreThe economy could take at least two years to return to pre-coronavirus growth levels and this year’s nadir could be delayed in the event that a second-wave outbreak occurs, says Standard Chartered Bank Thai. GDP is expected to shrink by 13% year-on-year in the April-to-June quarter, widening drastically from a 1.8% contraction in the first […]
Read MoreBNI Syariah, the sharia subsidiary of state-owned Bank Negara Indonesia (BNI), reported a jump in its net profit during this year’s first quarter as it eyed opportunities to expand international banking services by banking on its parent company’s overseas branches. BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) […]
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Thailand
