bank-of-thailand

Economy in fisrt 5 months expanded continuously despite political rift

By k on July 12, 2010

BANGKOK, 12 July 2010 (NNT) – The Economic Cabinet meeting acknowledges the economic situation in the first five months of 2010 which continuously expands despite political impact, while the tourism sector that has just recovered in June is deemed to turn normal by year-end. According to a report by the Bank of Thailand (BoT) presented [...]

Leading bankers agree to PM´s reconciliation roadmap

By k on May 7, 2010

BANGKOK, 7 May 2010 (NNT) – Four financial leaders of Thailand have voiced a full support to the roadmap for national reconciliation proposed by Prime Minister Abhisit Vejjajiva, believing that it can help drive the domestic economy. Bank of Thailand (BoT) Governor, Dr Tarisa Watanagase, opined that the PM’s roadmap would help bring peace and [...]

2010 GDP to grow 4.3-5.8%

By k on April 29, 2010

BANGKOK, 29 April 2010 (NNT) – The Bank of Thailand (BoT) has revised its forecast on the country’s gross domestic product (GDP) expansion for 2010 to 4.3-5.8%, up from its initial prediction of 3.5-5.3%. Despite a potential 0.9% reduction of the GDP resulting from the political chaos in the country, the BoT estimated that this [...]

Bank of Thailand keeps interest unchanged at 1.25%

By k on March 10, 2010

BANGKOK, March 10 (TNA) –  The Bank of Thailand (BoT) on Wednesday decided to maintain its policy interest rate at 1.25 per cent per annum and will consider adjusting it to normal levels during the next meeting on April 21 if no incident likely to severely affect the economy occurs. The Monetary Policy Committee (MPC) [...]

Bankers permitted to halt ATM, close bank branches in emergency

By k on March 9, 2010

BANGKOK, Mar 9 (TNA) – The management of Thailand’s commercial banks are permitted to instruct an immediate halt to ATM services or the operations of bank branches in risk-prone areas without prior consent from the central bank,  according to Bank of Thailand (BoT) Deputy Governor Krirk Vanikkul. The BoT decision was made amid mounting rumors [...]

BOT: Value of Thai Baht remains volatile

By k on September 25, 2009

BANGKOK, 25 September 2009 (NNT) – The Bank of Thailand (BOT) pointed out the value of Thai local currency remained volatile as a result of the influx of investments to the Stock Market. Despite the fluctuation of Thai Baht, BOT Governor Tarisa Watanagase said the Central Bank had prepared means and measures to address the [...]

New BoT measures to contain baht appreciation

By k on August 4, 2009

BANGKOK, Aug 4 (TNA) – Bank of Thailand (BoT) Governor Tarisa Watanagase on Monday revealed the central bank will produce a new package of measures to encourage private companies and local investors to invest more overseas in a bid to contain the baht appreciation. She said the new package is additional to the previous one [...]

BOT eyes easing regulations on investments to help weaken strong Baht

By k on August 3, 2009

BANGKOK, 3 August 2009 (NNT) – The Bank of Thailand (BOT) eyes easing regulations on investments in an effort to relieve pressure on strong Thai Baht currency. BOT Governor Tharisa Watthanaket indicated that Thai Baht appreciated due to a huge inflow of investments, adding that to ease the regulations was aimed to relocate the inflowing [...]

Bank of Thailand chief refutes criticism on baht

By k on August 1, 2009

BANGKOK, Aug 1 (TNA) – Bank of Thailand (BoT) Governor Tarisa Watanagase on Friday countered fierce criticism by former finance minister Virabongsa Ramangura that the central bank had failed to manage the baht properly, saying the comment on the currency movement should not be made based on personal feelings. Earlier, Dr Virabongsa  blamed the BoT [...]

BoT reports rampant spread of financial crimes

By k on July 30, 2009

BANGKOK, 30 July 2009 (NNT) – The Bank of Thailand (BoT) and the Ministry of Information and Communication Technology will cooperate in combating illegal loans being issued via SMS. Legal Director of the BoT, Weerachart Sriboonma, said that illegal loaning was once again on the rise with the help of mobile messaging technology which allowed [...]

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