BANGKOK, 26 June 2011 – The Bank of Thailand (BoT) indicated three factors contributed to heavy fluctuation of the baht, including the global economy, debt crisis in Greece, and the election in Thailand. BoT Assistant Governor for Financial Markets Operations Group Pongpen Ruengvirayudh said the US’s unstable economic recovery, the prolonged Greek debt crisis, and [...]
The Bank of Thailand (BoT) governor has expressed his concern over populist policies presented by many political parties as part of their campaigns for the upcoming general election. BoT Governor Dr Prasarn Trairatvorakul admitted that many policies of political parties are aimed at higher voters’ support in the 3 July election and may affect the [...]
BANGKOK, 9 May 2011 (NNT) – The Bank of Thailand (BoT) is one of the central banks which have been purchasing more gold and less US dollars in the past few months after the dollar is found falling in value, according to the International Monetary Fund (IMF). BoT Governor Dr Prasarn Trairatvorakul admitted that the [...]
BANGKOK, 27 April 2011 (NNT) – A series of border skirmishes between Thai and Cambodian troops are not expected to negatively affect Thailand’s macro-economy, according to the Bank of Thailand (BoT). BoT Governor Dr Prasarn Trairatvorakul believed there would be no impacts on the national economy as the value of Thai exports to Cambodia accounts [...]
BANGKOK, 22 March 2011 (NNT) – All commercial banks will be able to adjust their ATM related service fees down by the end of this month as they have agreed in their meeting late last year, according to the Bank of Thailand (BoT). BoT Deputy Governor for Financial Institutions Stability Krirk Vanikkul stated that the [...]
BANGKOK, 15 March 2011 (NNT) – The Bank of Thailand (BoT) has reported that there has been no sign of capital outflow from the Asian region after Japan was struck by one of the most severe earthquakes plus several aftershocks and a deadly tsunami on Friday afternoon. BoT Assistant Governor for Financial Markets Operations Group [...]
BANGKOK, 14 March 2011 (NNT) – The Bank of Thailand (BoT) has voiced its readiness to help the Bank of Japan (BOJ) whenever requested after Japan was struck by an 8.9 magnitude plus several aftershocks and a tsunami attack. BoT Governor Dr Prasarn Trairatvorakul stated that the BoT has already sent a letter expressing condolences [...]
BANGKOK, 11 March 2011 (NNT) – Two financial institutions, Siam Commercial Bank (SCB) and Krung Thai Bank (KTB), have announced an increase in their interest rates in line with the recent policy interest rate adjustment of the Monetary Policy Committee (MPC). SCB President Kannikar Chalitaporn said the bank has raised its interest rates for saving [...]
BANGKOK, 22 February 2011 (NNT) – The Bank of Thailand (BoT) confirms that Thai financial institutions will not get affected from the suspension of seven banks in South Korea. BoT Assistant Governor for Financial Institution Supervision Sorasit Soontornkes explained that the seven South Korean banks forced to suspend operations from the beginning of this year [...]
BANGKOK, 11 February 2011 (NNT) – The Bank of Thailand (BoT) expects Thai commercial banks’ profits in 2010 at about 123 billion THB, increasing by 34.5% from the previous year. BoT Financial Institutions Strategy Department Senior Director Nawaporn Maharagkaga said the rising profits came from both interest and non-interest operating incomes. Moreover, she indicated that [...]
