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Loan decree, if approved, will benefit overall economy

BANGKOK, June 16 (TNA) – The executive decree empowering the government to borrow Bt400 billion in domestic loans to stimulate the economy will benefit the overall economy if approved by…

800 billion loan debate begins in Parliament

BANGKOK, June 15 (TNA) – The live broadcast on a parliamentary debate on the Bt800 billion loan package sought by the coalition government of Prime Minister Abhisit Vejjajiva aimed at…

Thai Chamber urges central bank to move baht closer to other currencies

BANGKOK, June 12 (TNA) – The Bank of Thailand (BoT) should closely supervise the baht to ensure it does not appreciate considerably and that it moves in the same direction…

EXIM Bank: Thai economy likely to shrink 4% this year

  BANGKOK, June 8 (TNA) – The Thai economy is projected to shrink 4 per cent this year if the government succeeds in applying Bt400 billion of loans being sought…

BoT confident of Thai banks strength, despite possible Moody’s downgrade

BANGKOK, May 27 (TNA) – Thailand’s commercial banks still enjoy stable financial positions despite a likely move by Moody’s Investors Service to place the debt and deposit ratings of 11…

ICICI, IDBI Bank cut deposit rates

India Following the lead of State Bank of India, private sector lender ICICI Bank and public sector lender IDBI Bank have cut deposit rates across various maturities by 25-50 basis…