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Selecting new BoT chief a difficult task, says finance minister
By k on June 22, 2010
BANGKOK, June 22 (TNA) – Finance Minister Korn Chatikavanij on Monday said the committee tasked to select the new governor of the Bank of Thailand is finding it difficult to make a decision because each candidate for the position is a senior and veteran person in the money and capital markets. He said the committee [...]
BoT predicts Thai economy this year will grow continuously
By k on June 18, 2010
BANGKOK, 18 June 2010 (NNT) –The Bank of Thailand (BoT) foresees Thai economy in the latter half of this year to expand continuously but the risk from global economic improvement, drought and tourism crisis are the factors to be watched closely. The BoT Deputy Governor Bandit Nijthaworn anticipated Thai economic situation for the remaining months [...]
BoT to peg RP rate until the end of 2010
By k on June 16, 2010
BANGKOK, 16 June 2010 (NNT) — The Bank of Thailand (BoT) will peg the RP rate at 1.25% until the end of this year, following the requests of the private sector. After meeting with delegates from the private sector, BoT governor Tarisa Wattanagase and other senior executives are to discuss the direction of the interest [...]
BoT warns of interest rate rise
By k on June 15, 2010
BANGKOK, 15 June 2010 (NNT) – The Bank of Thailand (BoT) has advised the private sector to be prepared for rising interest and inflation rates. After adopting a low-interest rate policy for quite some time, the BoT has alerted the private sector to be ready to deal with an adjustment in the policy. The central [...]
BoT suggests forming new entity to replace Development Fund
By k on June 14, 2010
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 end its operation in 2013. BoT Governor, Tarisa Watanagase said a fresh entity should be established in place of the Financial Institution and Development Fund [...]
Tampered bank notes are declared invalid
By k on June 8, 2010
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 laws, with life imprisonment as the maximum penalty. The tampered bank notes carrying a lèse majesté text claiming that fugitive ex-Prime Minister Thaksin Shinawatra is [...]
BoT disturbed by potential shift of investment
By k on June 7, 2010
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 Against Dictatorship (UDD) and the following riots took place. BoT’s Senior Director, Suchart Sakkarnkosol disclosed on Monday that the BoT had dispatched BoT officers to [...]
BoT keeping eye on Greek crisis
By k on May 10, 2010
BANGKOK, 10 May 2010 (NNT) – The Thai Baht today moves in accord with other regional currencies under stable liquidity and economic situation, owing to the assistance package for the Greek financial crisis. Deputy Governor of the Bank of Thailand (BoT) Bandid Nijathaworn stated that the market had responded positively towards the introduction of the [...]
BoT keeping close watch on impact from Greek crisis
By k on May 8, 2010
BANGKOK, 8 May 2010 (NNT) – The Bank of Thailand (BoT) affirms Thai financial institutions have not yet been affected by the Greek debt problem but it is keeping a close watch on the impact to the world economy. BoT Governor Tarisa Watanagase stated that the effect of the European economic crisis on the global [...]
BoT keeping close watch on impact from Greek crisis
By k on May 8, 2010
BANGKOK, 8 May 2010 (NNT) – The Bank of Thailand (BoT) affirms Thai financial institutions have not yet been affected by the Greek debt problem but it is keeping a close watch on the impact to the world economy. BoT Governor Tarisa Watanagase stated that the effect of the European economic crisis on the global [...]
Business News »
Loan clients urged to be well-prepared for higher finance costs
July 16, 2010
BANGKOK, July 16 – Loan customers, particularly small- and medium-size enterprises (SMEs), must have well-prepared business plans to cope with higher financial costs in the face of an upward interest trend, according to the Kasikorn Research Center (KRC), a leading Thai financial think tank. Kasikorn said that major domestic commercial banks had begun raising the [...]
Bank And Finance »
Commercial banks announce hikes in interest rates on fixed deposits
July 16, 2010
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. Krungthai Bank has announced its fixed deposit interest rate hike of 0.25-0.35%, while key lending rates would be increased by 0.125-0.15%, effective today. Siam Commercial [...]
General News »
Summary of the 9th APEC Energy Meeting
July 12, 2010
Thai delegates led by Minister of National Resources and Environment, Suwit Khunkitti, along with international counterparts from 20 countries attended the 9th Asia-Pacific Economic Cooperation (APEC) Energy Ministerial Meeting in Fukui, Japan on 19 June 2010. During the summit, a speech on the “Low Carbon Paths to Energy Security: Cooperative Energy Solutions for a Sustainable [...]
Economy »
4 Govt agencies cooperate to promote Thai investment abroad
July 12, 2010
BANGKOK, 12 July 2010 (NNT) – The Office of Thailand Trade Representative (TTR) joins force with three financial institutions to promote Thai investments abroad, with operators in various business groups showing keen interest in the project. TTR along with SME Bank, EXIM Bank and the Government Pension Fund (GPF) announced their cooperation in credit support [...]
Energy »
Moody´s chops down PTT´s credit
June 29, 2010
BANGKOK, 29 June 2010 (NNT) – An international credit rating firm, Moody’s Investors Service, has lowered the creditworthiness of Thai petroleum giant PTT Plc from A2 to A3 with a negative outlook. Moody’s Investors Service has changed the local currency issuer rating for PTT Plc from A2 stable to A3 negative while the foreign currency [...]
Politics »
One month needed for Interpol consideration over Thaksin´s case
July 16, 2010
BANGKOK, 16 July 2010 (NNT) – A nod from the Paris-based international police intelligence-sharing association, Interpol, over case of self-exiled ex Prime Minister Thaksin Shinawatra should be known within one month. Police Maj-General Terdsak Rujirawong, Commander of the Royal Thai Police Foreign Affairs Division, said on Friday that an arrest warrant on terrorism charge issued [...]