Economy and commerce

Banking and financial services

BoT gearing up for digital currency tests

The Bank of Thailand says it will begin testing use of its retail digital currency for the general public in the second quarter of next year before fully implementing it over the next three to five years.The retail central bank digital currency (retail CBDC) is ...

BoT developing digital currency for the public [Video]

The Bank of Thailand (BoT) has acknowledged the benefits of digital and crypto currencies and has begun developing a digital currency for the Thai public.Keep watching ...

Thai consumers most focused on financial discipline in Asean amid Covid-19: survey

More Thai consumers are prioritising financial health during the Covid-19 pandemic compared with their Asean counterparts, according to the UOB Asean Consumer Sentiment Study 2020.The study found that close to three in four Thai consumers (72 per cent) want to manage their financial health, ahead ...

The Nation Reporter

Thai consumers getting more financially savvy in Covid era, study finds

More Thai consumers are focusing on their financial health during the Covid-19 pandemic compared to their Asean counterparts, the UOB Asean Consumer Sentiment study showed.The study found that three in four Thai consumers (72 per cent) want to manage their financial health, ahead of respondents ...

The Nation Reporter

Cabinet backs overdue interest rate cut [Video]

The Cabinet has approved a relaxation to a 95-year-old law determining the interest rate for loans whose rate has not been agreed upon, and overdue loans. This relaxation will give debtors better chances of paying back their loans.Keep watching ...

Debt event offers relief for those hit by Covid-19

The government has rolled out a debt mediation programme for debtors having problems repaying debts in light of Covid-19.Deputy government spokeswoman Traisuree Taisaranakul said Prime Minister Prayut Chan-o-cha has instructed various agencies to help debtors by preventing them from missing repayments and suffering from its ...

Bangkok Post Reporter

Home loan help for lower earners

More than half of this year’s new housing loan target of 215 billion baht will be provided with low interest rates to help low-income earners to purchase their own homes, says GH Bank.State-owned GH Bank plans to offer low-interest housing loans to low-income earners under ...

Wichit Chantanusornsiri

Digital savings products gain traction

Saving for a rainy day is an ideal approach in times of great uncertainty. Although the prolonged low interest rate environment tends to make people hesitate about embarking on a traditional savings plan, digital savings products are a secure and wise choice to make your ...

Somruedi Banchongduang

Pandemic speeds up digital drive

Despite decades of rapid change, 2020 somehow shifted the pace into overdrive, forcing businesses to change course overnight, workers to scramble to find a place in the new economy and leaders to carve out lucrative opportunities.These trends of 2020 highlight not only the chaos, but ...

Bangkok Post Reporter

Registered commercial banks’ profit hit 9-year low

This year’s aggregate net profit of commercial banks registered in Thailand is estimated at 144 billion baht, a nine-year low, attributed mainly to the pandemic impact, says Kasikorn Research (K-Research).The estimate uses the Thai Financial Reporting Standards 9 (TFRS 9).The combined net profit of registered ...

Somruedi Banchongduang

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