Bank of Thailand Permits Banks to Extend Credit to Users of Debt Relief Programs
The Bank of Thailand (BoT) has approved banks to continue providing credit lines to retail borrowers engaged in debt restructuring programs, aiming to support their liquidity as income recovery slows…
Thai Stocks Fall in Line with Global Downturn
The Stock Exchange of Thailand (SET) index plummeted nearly 3% on Monday as other Asian markets sank to multi-year lows amid fears that the US economy may be heading into…
Temu’s Entrance into Thailand Boosts E-Commerce Competition and Challenges
The recent entry of Temu, China’s e-commerce giant, into the Thai market last month is anticipated to heighten cross-border competition, impacting both online and offline businesses in Thailand, according to…
Credit Card minimum payment to stay at 8%
The Bank of Thailand will keep the minimum monthly payment rate on credit cards at 8% for another year, to the end of 2025, to help reduce the burden of…
Energy Absolute Appoints New CEO and Seeks Extension for Bond Payments
Energy Absolute, the Thai renewable energy firm that has seen a significant drop in value due to a fraud investigation, has appointed a new chief executive officer and announced plans…
BoI Introduces Matching Fund to Support Startups
Startups with significant growth potential in targeted industries will receive financial assistance of up to 50 million baht each from a newly established fund by the Board of Investment (BoI).…
Thailand on Track for a Decade of Sluggish Growth
The Thai economy is expected to grow at an average rate of 2.8% annually over the next decade, driven by a resurgence in tourism, its role as a regional automotive…
The Bank of Japan Increases Interest Rates to 0.25 Percent for the Second Time since 2007
Japan’s central bank increased interest rates on Wednesday for the second time in almost two decades in an effort to stop the yen’s decline versus the US dollar. The bank…
BOT (Bank of Thailand) plans to relax foreign exchange rules
The Bank of Thailand (BoT) is set to further relax foreign exchange regulations in order to facilitate business operations and improve the country’s foreign exchange environment in the long run.…
UOBAM anticipates profits for Thai stocks in the latter half of the year.
UOB Asset Management (UOBAM) projects that the Stock Exchange of Thailand (SET) index will surpass 1,440 points during the second half of the year, advising investors to take a strong…