The Bank of Thailand (BoT) forecasts a brighter economy in 2012 with a 4.8% growth, remarking that government spending will remain an important factor boosting the Thai economy. Director of the BoT’s Office of Macroeconomics Songtham Pinto said the 4.8% growth forecast this year would be driven largely by domestic spending. The central bank believes [...]
Mr. Prasarn Trairatvorakul, Governor of the Bank of Thailand (BOT) said the flooding that expanded into Rojana Industrial Park Phase 2 and 3, the total damage from the agricultural sector. And Rojana Industrial Estate Phase 1. United Rattana Nakorn Industrial Estate and then. The value of lost economic activity up to 1 billion baht. [...]
BANGKOK, 28 June 2011 (NNT)-The Bank of Thailand (BoT) has forbidden every commercial bank to provide a service to any investors who could be depositing their money tying to a derivative which is said to help mitigate the effect of potentially large inflations. The BoT has enforced a new rule preventing investors from resorting to [...]
BANGKOK, 9 May 2011 (NNT) – The Bank of Thailand (BoT) is one of the central banks which have been purchasing more gold and less US dollars in the past few months after the dollar is found falling in value, according to the International Monetary Fund (IMF). BoT Governor Dr Prasarn Trairatvorakul admitted that the [...]
BANGKOK, 3 March 2011 (NNT) – The Bank of Thailand (BoT) has expected that the Thai economy this year would grow by about 3-5%, depending on external risk factors and domestic political situation. Speaking in a seminar on Thursday, BoT Deputy Governor for Financial Institutions Stability Krirk Vanikkul stated that the global economic direction this [...]
BANGKOK, 22 February 2011 (NNT) – The Bank of Thailand (BoT) confirms that Thai financial institutions will not get affected from the suspension of seven banks in South Korea. BoT Assistant Governor for Financial Institution Supervision Sorasit Soontornkes explained that the seven South Korean banks forced to suspend operations from the beginning of this year [...]
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 [...]
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 [...]
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 [...]
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 [...]
