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BoT to lower THB to back export sector

BANGKOK, 26 January 2011 (NNT) – The Bank of Thailand (BoT) this year will implement monetary policies that are more favorable to the weakening of the baht currency in an…

The Siam Commercial Bank rises 16.6% in 2010

The Siam Commercial Bank rises 16.6% in 2010

BANGKOK, 24 January 2011 (NNT) – The Siam Commercial Bank (SCB) is now enjoying a record net profit for its operation in 2010 of about 24 billion THB, an increase…

Thai economy growth anticipated at 3-5%

Thai economy growth anticipated at 3-5%

BANGKOK, 22 January 2011 (NNT) – The Bank of Thailand (BoT) expects that the Thai economy in 2011 would expand by 3-5% amid the ongoing domestic polical instability and other…

The Thai economy would expand well in 2011

The Thai economy would expand well in 2011

BANGKOK, 19 January 2011 (NNT) – The Thai economy would expand well in 2011 due to the continuous export growth in tandem with the stronger global economy, according to the…

FPO, SME Bank to make feasibility study of a special bank

FPO, SME Bank to make feasibility study of a special bank

BANGKOK, 18 January 2011 (NNT) – Finance Minister Korn Chatikavanij has tasked the Fiscal Policy Office (FPO) and Small and Medium Enterprises Development Bank (SME Bank) to make feasibility study…

MPC increased the repurchase rate by 0.25 per cent

MPC increased the repurchase rate by 0.25 per cent

BANGKOK, Jan 11 – The Monetary Policy Committee (MPC) of the Bank of Thailand (BoT) is likely to raise the 1-day repurchase rate, the policy interest rate, by 25 basis…

Political factors to continue deterring economy

BANGKOK, 4 January 2010 (NNT) – The Bank of Thailand (BoT) has predicted that the Thai economy in 2011 will be driven by private investment and consumption while warning that…

BoT warns investors of baht fluctuation

BANGKOK, 25 December 2010 (NNT) – The Bank of Thailand (BoT) has warned investors of the baht fluctuation given the capital flows after the New Year are unpredictable, adding it…

BoT to study effects from Govt’s populist policy

BANGKOK, 21 December 2010 (NNT) – The Bank of Thailand (BoT) is monitoring the effects of the government’s populist policy in order to adjust its monetary policy in accordance with…

Commercial banks announce hikes in interest rates on fixed deposits

BANGKOK, 16 July 2010 (NNT) —Interest rates on fixed deposits and lending rates have been hiked by financial institutions following the hike in the policy rate by the Central Bank.…