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BoT suggests forming new entity to replace Development Fund

BANGKOK, 14 June 2010 (NNT) – The Bank of Thailand (BoT) suggests an establishment of a new organization to replace the Financial Institution and Development Fund which is due to…

BAAC ready to help farmers suffering from drought

BANGKOK, 13 June 2010 (NNT) – The Bank for Agriculture and Agricultural Cooperatives (BAAC) has voiced readiness to assist farmers suffering from the drought crisis by lifting collection of some…

Policy interest rate likely to rise before year-end

BANGKOK, June 11 (TNA) – Bank of Thailand (BoT) Governor Tarisa Watanagase on Thursday said the policy interest rate is likely to increase before the end of this year if…

BAAC settles more than 50% of informal debts

BANGKOK, 9 June 2010 (NNT) – The Bank of Agriculture and Agricultural Cooperatives (BAAC) thus far have been successful in negotiating and clearing informal loans for more than 50% of…

Tampered bank notes are declared invalid

BANGKOK, 8 June 2010 (NNT) -The Bank of Thailand has declared the tampered 100-baht bank notes circulated mainly in the Northeast invalid. Users are also subject to prosecution by related…

BoT disturbed by potential shift of investment

BANGKOK, 7 June 2010 (NNT) – The Bank of Thailand (BoT) expressed concerns over the investment climate in Thailand after the recent protests of the anti-government United Front of Democracy…

BAAC to push for new rice planting system to reduce costs and boost production

BANGKOK, 4 June 2010 (NNT) — The state-run Bank for Agriculture and Agricultural Co-operatives (BAAC) is promoting a new rice planting system among farmers to reduce their costs and boost…

Siam Commercial Bank to issue bills of exchange to help boost the economy

BANGKOK, 3 June 2010 (NNT) —The Siam Commercial Bank (SCB) will issue a bill of exchange to help stimulate the economy. According to Vice President of the retail banking group…

GH Bank to help officials affected from political unrest

BANGKOK, 2 June 2010 (NNT) – The Government Housing Bank (GH Bank) will grant loans to government officials and staff members affected from the political unrest and demonstration while existing…

SME Bank approves loans to 1,960 riot victims; Approval of new foreign firms down in May

BANGKOK, May 30 (TNA) – A total of 1,960 business vendors whose businesses were destroyed in blazes set by anti-government protesters more than a week ago have received combined loans…