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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) decision [...]

FED’s interest elevation has no impact on Thailand

By k on February 19, 2010

BANGKOK, 19 February 2010 (NNT) – The recent increase of 0.25% in the US Federal Reserve (FED)’s interest rate has no impact on the Thai interest policy, according to the Bank of Thailand.

BoT Assistant Governor on Monetary Policy, Mr Paiboon Kittisrikangwan, said that the rate adjustment will not affect the Monetary Policy Committee’s deliberation on [...]

BOT to remain vigilant despite signs of economic recovery

By k on February 11, 2010

BANGKOK, 11 February 2010 (NNT) — December 2009 figures have indicated positive signs for the Thai economy with growth in domestic consumption, export, production, tourism and the property sector but the Bank of Thailand has resolved to keep a close eye on transpiring events.
Deputy Bank of Thailand (BoT) Governor Bandit Nijthavorn remarked today that even [...]

BoT to collect regional economic data

By k on February 6, 2010

BANGKOK, 6 February 2010 (NNT) – The Bank of Thailand (BoT) is going to send teams to local areas to collect economic data for an analysis of the Thai economy by the Monetary Policy Committee.
Senior Director of the BoT’s Domestic Economy Department, Suchart Sakkankosone, said the data to be gathered on 9 February was from [...]

BoT not worried by Feb inflation trend

By k on February 3, 2010

BANGKOK, 3 February 2010 (NNT) – The Bank of Thailand (BoT) anticipates inflation in February to accelerate after the climbing prices of oil and agricultural products, but the rate will still remain under estimation.
Deputy Governor for Corporate Support Services, Ms Atchana Waiquamdee, expected the general inflation to increase in February, similarly to last month when [...]

FTI backs BoT´s move to ease capital outflow control

By k on February 2, 2010

BANGKOK, 2 February 2010 (NNT) - The Federation of Thai Industries (FTI) has agreed with the Bank of Thailand’s policy to stimulate capital outflow with an aim to weaken the baht’s value.
FTI Chairman Santi Vilassakdanont expressed strong support over the central bank’s move to relax foreign exchange rules to decrease the pressure on the strong [...]

BoT to encourage overseas investment and capital flow liberalisation

By k on January 29, 2010

BANGKOK, Jan 29 (TNA) – The Bank of Thailand (BoT) is set to issue next week added measures to encourage private-sector investment abroad and liberalisation of capital flows.
Delivering a policy statement in this week, BoT Governor Tarisa Watanagase said last year’s economic crisis was the world’s worst in 60 years. It had changed the global [...]

BoT denies soap bubble economy in Thailand

By k on January 28, 2010

BANGKOK, 28 January 2010 (NNT) - The Bank of Thailand (BoT) Governor, Tarisa Watanagase, ruled out signs of a possible soap bubble situation in Thailand today.
Mrs Tarisa stated that reliance on the government’s expansionary monetary policy would no longer be as needed to prop up the economy amid clearer signs of economic recovery. She expressed [...]

BoT urges Govt to expedite assistance for Map Ta Phut

By k on January 11, 2010

BANGKOK, 11 January 2010 (NNT) – The Bank of Thailand (BoT) suggested that the government should urgently compensate the 65 suspended projects in the Map Ta Phut industrial estate.
BoT Senior Director for Domestic Economy Department, Suchart Sakkankosone, said most of the projects, currently non-performing, had already received loans from financial institutions with affixed transaction fees [...]

SMEs urged to pay greater attention to forex risk management

By k on August 20, 2009

PATTAYA, Aug 20 (TNA) – Small- and medium-size enterprises (SMEs) should pay greater attention to managing their currency exchange risks, according to the Bank of Thailand (BoT).
Speaking at a panel discussion on “The Economic Outlook and Ways to Manage Foreign Exchange Risks” held to enhance knowledge for operators in the eastern region, BoT Assistant Governor [...]

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