Reuters

Thai banks' bad loans slow to 2.73% of lending at December-end -c.bank

Thai banks’ non-performing loans stood at 2.73% of total lending at the end of December 2022, down from 2.77% at the end of September, helped by debt restructuring, the central bank said on Monday.The banking system remained strong with high levels of capital, loan-loss provisions ...

Thai business group keeps 2023 growth forecast at 2.5%-3%

Thailand’s economy is expected to grow between 2.5% and 3.0% this year, a leading joint business group said on Wednesday, maintaining its previous estimate.Exports, a key driver of the Thai economy, are expected to fall between 0.5% to 2% this year, said the group, which ...

New year revelry returns to Thai streets as tourism rebounds

Tens of thousands of revellers, including hordes of foreign tourists sporting floral shirts and plastic water guns, descended on the streets of Bangkok on Thursday for the biggest traditional new year gathering since the pandemic.Festivities for Songkran, a much-loved Thai festival sometimes described as the ...

Thai Q4 GDP unexpectedly falls, 2023 outlook trimmed

Thailand’s economy unexpectedly contracted in the final quarter of 2022 as a rebound in the vital tourism sector was unable to offset falls in key sectors including exports and manufacturing.The planning agency responded by downgrading its outlook for this year.Keep reading ...

Economic growth slowed in tourism-reliant Thailand in Q4

Thailand’s economic growth slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found.Growth in Southeast Asia’s second-largest economy was forecast at 3.5% year-on-year in the October-December period, down from 4.5% ...

Thai c.bank wants to see household debt below 80% of GDP

Thailand’s central bank said it wants to see household debt levels below 80% of gross domestic product (GDP) to help reduce economic and financial risks, an official said on Tuesday.But measures introduced so far and a recovery in the economy might not be enough to ...

Thai economy may miss forecast next year as global growth slows

Thailand’s economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but this year’s outlook should still be achieved, the finance minister said on Tuesday.Slowing exports will not affect the ministry’s growth outlook of 3.4% for this year ...

Bank of Thailand to keep steady policy hand as growth trumps inflation

Thailand’s central bank will not raise interest rates from a record low for more than a year in a bid to support an economy still struggling to recover from the pandemic despite a jump in inflation, a Reuters poll found.While inflation in the tourism-dependent economy ...

Thailand announces reopening rules for tourism reboot

Thailand announced rules on Friday for its quarantine-free reopening to visitors from 45 countries, in an effort to revive an economy struggling to recover from the collapse of its vital tourism sector.Thailand, one of the Asia-Pacific’s most popular tourist destinations, has for the past 18 ...

Thai May consumer confidence hits record low on virus outbreak

Thai consumer confidence hit a record low in May, hurt by the country’s latest and biggest coronavirus outbreak so far, which could cost the economy as much as 800 billion baht ($25.7 billion), the commerce ministry said on Thursday.The consumer index of the University of ...

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