Economy and commerce
Bad loans relating to farm products rise 12% in first quarter
Non-performing loans (NPLs) relating to agricultural products reached 12 per cent in the first quarter of this year, sitting at Bt25 billion, TMB Analysis reports.The retail and wholesale businesses for small and medium-sized enterprises (SMEs) are in a worrisome situation in terms of debt, said ...
The Nation Reporter
Agencies to lure SMEs to border SEZs
With large-scale industries reluctant to invest in the border special economic zones (SEZs), Deputy Prime Minister Somkid Jatusripitak has assigned government agencies to come up with more measures and incentives to draw investment from small and medium-sized enterprises (SMEs).Keep reading ...
Chatrudee Theparat
Thailand and world prepare for cryptocurrency challenges
The Libra project has shaken the global financial scene since Facebook, with a group of founding members, announced the proposed cryptocurrency last month. The plan to launch a new currency next year is ambitious and controversial, as Libra is scrutinized by central banks around the ...
BoT starts siege on hot-money flows
The Bank of Thailand’s moves to counter hot-money inflows that have pushed the baht to a six-year high and the central bank’s vow to impose more measures if such speculative flows linger rattled the local currency and the stock market on Friday. Observers note that ...
Somruedi Banchongduang
Strengthening Thai Baht Strangling Thailand’s Economy
In a joint statement, three leading business associations slashed their 2019 economic growth and export forecasts for Thailand as the Thai Baht continues it strength.The Federation of Thai Industries, the Thai Bankers’ Association and the Board of Trade of Thailand slashed their growth estimate to ...
Fintech a saviour for unbanked Thais: experts
Financial technology is the key enabler for the next era of banking and financial services in Thailand, a seminar heard on Monday.Fintech would enable the 40 per cent of unbanked or underserved Thais to get access to formal financial and banking services, according to panellists ...
Asina Pornwasin
Thailand-Myanmar Border Trade Fair
The Department of Foreign Trade (DFT), Ministry of Commerce, is organizing a Thai-Myanmar Border Trade Fair in Tak.Keep reading ...
Supawadee Wangsri
TNSC predicts income loss of B500bn
Exporters are estimated to lose as much as 500 billion baht worth of income from the strong baht this year, with small-scale entrepreneurs hit the hardest.According to Visit Limlurcha, vice-chairman of the Thai National Shippers’ Council, exporters have lost about 200 billion baht worth of ...
Phusadee Arunmas
EEC perk extension to go before new government
The new government will be asked to extend the Board of Investment’s promotional investment packages for the flagship Eastern Economic Corridor (EEC) scheme for another year.Kanit Sangsubhan, secretary-general of the EEC Office, said the office will submit a proposal to extend the privilege packages, which ...
Chatrudee Theparat
The Thai Baht in 2022 – a prediction
Trying to find a few good numbers amid the bad we thought we’d look forward three years to some of the world’s major currencies and their projected performance against the Thai Baht. Of course, these are just predictions, according to longforecast.comKeep reading ...