The Bank of Thailand (BoT) forecasts a brighter economy in 2012 with a 4.8% growth, remarking that government spending will remain an important factor boosting the Thai economy. Director of the BoTâs Office of Macroeconomics Songtham Pinto said the 4.8% growth forecast this year would be driven largely by domestic spending. The central bank believes [...]
Mr. Prasarn Trairatvorakul, Governor of the Bank of Thailand (BOT) said the flooding that expanded into Rojana Industrial Park Phase 2 and 3, the total damage from the agricultural sector. And Rojana Industrial Estate Phase 1. United Rattana Nakorn Industrial Estate and then. The value of lost economic activity up to 1 billion baht. [...]
Former Deputy PM and Industry Minister Kosit Panpiemras has voiced his concern about the governmentâs economic policy, which he fears would land the country in financial trouble. Kosit, currently Executive Chairman of Bangkok Bank, has warned that the country may in the future run into debts now that the governmentâs economic policy was aimed at [...]
The Bank for Agriculture and Agricultural Cooperatives (BAAC) is prepared to give 10,000 THB to each household of flood-affected agriculturalists and also extend their loan repayment period for three more years. BAAC President Luck Wajananawatch stated that the BAAC Board of Directors had given the green light to the measure to assist customers of the [...]
BANGKOK, 24 August 2011 (NNT) â The Bank of Thailand (BoT) has indicated that more clarifications are still needed for the Governmentâs policy to increase the minimum wage to 300 THB and the salary for new graduates to 15,000 THB. Speaking of the policy of the Pheu Thai-led administration to raise the minimum wage to [...]
The Bank of Thailand (BoT) is preparing global and domestic economic information as well as the status of the Financial Institutions Development Fund (FIDF) to report it to newly appointed Finance Minister Thirachai Phuvanatnaranubala. BoT Assistant Governor for FIDF Management Tongurai Limpiti stated that all departments of the BoT are collecting information on global and [...]
the Bank of Thailand (BoT) has suggested that the private sector should take advantage of the stronger baht for the time being by importing capital goods in order to reduce production costs. Speaking in a seminar on Thursday, BoT Governor Prasarn Trairatvorakul admitted that the Thai economy is currently in good stability and has been [...]
BANGKOK, 17 July 2011 (NNT) – The Bank of Thailand (BoT) admitted high competition among commercial banks to give loans and seek more savings benefit low-income people. BoTâs Onsite Examination Department 1 Senior Director Salinee Wangtal said the government policy to increase loans to small entrepreneurs by governmentâs banks have forced commercial banks to seek [...]
The Bank of Thailand (BoT) has indicated that the recent smooth and peaceful 3 July general election will play a significant role in improving the nationâs credibility in the global arena. raising the According to BoT Governor Dr Prasarn Trairatvorakul, the election, which went on smoothly and of which the results accepted by both the [...]
BANGKOK, 28 June 2011 (NNT)-The Bank of Thailand (BoT) has forbidden every commercial bank to provide a service to any investors who could be depositing their money tying to a derivative which is said to help mitigate the effect of potentially large inflations. The BoT has enforced a new rule preventing investors from resorting to [...]
