Calling All Young Ambassadors: Join GHB as Smart Boys & Girls and Help More Thai People Find Homes!
The Opportunity to Join GHB as a Smart Boy or Girl Government Housing Bank (GHB), a specialized state-owned financial institution dedicated to providing homes for the Thai people, is inviting the vibrant and driven younger generation, under the age of 25, to join our team as GHB Smart Boys & Girls (Brand Ambassadors). Our aim […]
Bank Launches “Mother’s Day” Deposit Campaign: Earn High Interest and Show Your Love for Mom!
Rewrite text Bank gradually launches “Mother’s Day” deposit campaign CIME Banc Issuing a 5-month fixed deposit account, receiving an interest of 2% on the side of “GH Bank”, arranging a Rak Mae savings account, offering an interest of 1.85% August marks the beginning of Mother’s Day. Financial institutions gradually started launching campaigns to organize deposit […]
EXIM Thailand Warns Public to Beware of Scammers Using Fake Facebook Accounts of Dr. Raks Worakitpokathorn
EXIM Bank Warns Against Scammers Creating Fake Facebook Accounts Thailand’s Export-Import Bank (EXIM Thailand) cautions citizens to stay alert and avoid falling victim to scams. The bank has recently come across instances of fraudsters who have been deceitfully using the name and image of Dr. Raks Worakitpokathorn on fabricated Facebook accounts. EXIM Thailand categorically denies […]
The MPC Raises Policy Rate to 2.25% to Address Inflation Concerns and Safeguard Economic Stability
MPC Raises Policy Interest Rate to 2.25% to Tackle Rising Inflation August 2, 2023 In a unanimous decision, the Monetary Policy Committee (MPC) has announced an increase in the policy interest rate to 2.25%, effective immediately. This move is aimed at addressing high levels of inflation and ensuring long-term economic and financial stability. The decision […]
Thailand’s Economy in June 2023 Shows Recovery, But 3 Risks Loom; Exports to Improve by Year End
The Bank of Thailand (BOT) has revealed that Thailand’s economy in June 2023 is still moving towards recovery, with improvements in the tourism sector, particularly from both Thai and foreign tourists. The value of exports, excluding gold, has also increased, mainly driven by agricultural products. However, exports of industrial products remain stable. Private consumption and […]
Rising Foreclosures: Real Estate Information Centre Reveals the Mounting Number of Non-Performing Assets in Thailand
Financial Turmoil: Increasing Foreclosures and Mounting Debt Amidst the ongoing economic unrest, an alarming trend has emerged – a surge in the number of households relinquishing their properties. According to the ‘Real Estate Information Centre’, the current figures pertaining to foreclosed properties, also known as Non-Performing Assets (NPAs), are quite disconcerting. NPAs refer to properties […]
Key Factors to Watch: Central Bank Meetings, British GDP Growth, Taiwan Stock Inflows, and AI Chip Speculation
The Week Ahead: Key Factors to Watch in the Global Economy 1. Central Bank Interest Rates As the week unfolds, all eyes are on the three major central banks: Federal Reserve (FED), European Central Bank (ECB), and Bank of Japan (BOJ). Markets are eagerly anticipating any signals regarding changes in interest rates. The outcome of […]
Bank of Thailand Governor Optimistic About Thai Economy in 2023, Expects 3-4% Expansion
Sethaput Suthiwart-Narueput, Governor of the Bank of Thailand (BOT), Foresees Steady Growth for Thai Economy in 2023 In his recent statement, Sethaput Suthiwart-Narueput, Governor of the Bank of Thailand (BOT), has reiterated that the outlook for the Thai economy in 2023 remains promising, with the potential for expansion at a rate of 3-4%. He expressed […]
Thai Retailers Association Reports Decrease in Retail Sentiment Index for Second Quarter Due to Negative Factors
Retail Sentiment Shows Decline in the Second Quarter In collaboration with the Bank of Thailand, the Thai Retailers Association has released the results of the Retail Sentiment Index (RSI) survey for the second quarter. The survey reveals a drop to 47 points, below the average of 50 points for all components, marking the first time […]
Bank of Thailand Unveils 3 Solutions to Address Rising Household Debt and NPLs
The Bank of Thailand (BOT) is moving forward with three solutions to address the issue of household debt. In a recent media briefing, Ms Suwannee Jetsadasak, Assistant Governor of the Financial Institutions Supervision Division of the BOT, provided an update on household debt situations and progress towards sustainable solutions. According to the latest figures, Thailand’s […]
