62,000 debtors apply for debt restructuring through Thailand’s central bank
More than 62,000 people have applied to restructure their debts since September 26th, at the Online Debt Restructuring Fair, organised by the Bank of Thailand. Suwannee Jatsadasak, senior director of the BoT’s Financial Institutions Policy and Supervision Department, said…
Thai exports to Saudi Arabia increase by 15.9% in eight months
Thailand exported goods worth more than 43 billion baht to Saudi Arabia during the first eight months of this year, representing an increase of 15.9% year on year, according to Government Spokesman Anucha Burapachaisri. The Thai exports include automobiles,…
IMF report indicates growing risks to global financial stability
The risks to global financial stability have increased across the world since April this year in face of high inflation and low interest rates, the latest semiannual Global Financial Stability Report issued by the International Monetary Fund (IMF) showed on…
Thailand’s Economic Recovery Intact Despite Global Slowdown: Central Bank Governor
BANGKOK, Thailand’s central bank governor said yesterday that, the country’s economic recovery would remain intact, despite the global economic volatility. The Thai economy is expected to grow 3.3 percent year on year in 2022, and 3.8 percent in 2023,…
Announcement of the 16-18th November 2022 to Remain Standard Working Days for Financial Institutions and Specialized Financial Institutions
The Cabinet has approved that Wednesday 16th, Thursday 17th, and Friday 18th November 2022 shall be special public holidays for Bangkok, Nonthaburi, and Samut Prakan for the 29th APEC Economic Leaders’ Meeting and related meetings, and allowed the Bank of…
Crude prices rally as top producers mull big output cut
Oil prices jumped more than three percent in Asian trade Monday as OPEC and other top producers considered slashing output by a million barrels a day. WTI climbed 3.3 percent to $82.12 and Brent also piled on 3.3 percent…
World Bank East Asia and the Pacific Economic Update October 2022: Reforms for recovery
WASHINGTON, September 26, 2022 – Growth in most of developing East Asia and the Pacific rebounded in 2022 from the effects of COVID-19, while China has lost momentum because of continued measures to contain the virus, a World Bank report…
The Committee votes unanimously to raise the policy rate by 0.25 percentage point from 0.75 to 1.00 percent, effective immediately
The Thai economic recovery has continued to gain traction, driven mainly by tourism and private consumption. Headline inflation remains at a high level as cost pass-through has increased in the recent period despite declining commodity prices. The overall growth and…