Thai Finance Ministry Ready to Launch ‘Bad Debt’ Firms to Address Bank Runs
The Thai Ministry of Finance is prepared to gain immediate government approval for a plan to establish Asset Management Companies (AMCs) by major commercial banks, aiming to address the country’s…
Finance Ministry Aims for Increased Inflation Target Following Rate Cut
The government is still advocating for a higher inflation target that could lead to increased prices, Finance Minister Pichai Chunhavajira stated on Thursday, following the Bank of Thailand’s (BoT) unexpected…
Finance Ministry Advocates for Weaker Baht and Seeks Rate Cut in 2024
The Ministry of Finance has intensified its calls for the Bank of Thailand (BoT) to lower interest rates in order to stimulate the economy and weaken the baht, following a…