October 22, 2024

Krungsri Bank cuts interest rates as much as the MPC, but Bangkok Bank cuts only 0.20%

Bangkok, 22 Oct – Many commercial banks, including Krungsri, have cut interest rates by the same amount as the MPC, which is 0.25%, starting from 1 Nov. However, Bangkok Bank has come up with a strange move, cutting interest rates on loans and deposits by only 0.20%, starting from 24 Oct. 67. After the Monetary Policy Committee (MPC) on October

Banks cut interest rates, expect business costs to fall by 1.3 billion baht this year

Bangkok, Oct 22 – Commercial banks have started to reduce lending rates, sending the easing of financial costs to the lending market. Kasikorn Research Center expects business costs to decrease by 1.3 billion baht this year. This year’s lending growth rate may not exceed 1.5%. The Kasikorn Research Center reported that approximately 1 week after the Monetary Policy Committee (MPC)

NBTC explains that Thailand still maintains its credit rating as ‘investment-worthy’

Bangkok, 22 Oct – The NBTC announced that Thailand still has a credit rating of ‘investment-worthy’, emphasizing that the fundamentals of the Thai economy are stable and strong. Mr. Patchara Anantasilpa, Director of the Public Debt Management Office (PDMO), revealed that the case of a private sector economic and financial research center publishing an analysis report on the forecast of

Warning: Be careful when trading STEC securities.

Bangkok, 22 Oct – The Stock Exchange of Thailand asks investors to exercise caution when trading STEC securities as it is in the process of listing STEC Group Public Company Limited (STECON) securities in place of STEC securities, which will be delisted from the Stock Exchange of Thailand. As STECON Group Public Company Limited (STECON) has made a tender offer

Thai CEOs worried about wage hikes affecting economy and costs

Bangkok, Oct 22 – Thai CEOs are concerned that wage hikes will affect the economy and costs, and are concerned that high household debt could pose a risk to their business operations. The research department of the Stock Exchange of Thailand and the Thai Listed Companies Association surveyed the opinions of listed company executives on the direction of the economy,

GH Bank provides loans to entrepreneurs of rental flats/rental houses.

Bangkok, 22 Oct. – GH Bank provides loans to entrepreneurs of rental flats/rental houses, with interest rates starting at only 4.00% per year. The Government Housing Bank (GHB) supports entrepreneurs by providing low-interest loan products, including (1) the Premium Refinance In 2024 project to redeem mortgages on land and rental flats/houses, with a fixed interest rate of 4.00% per year

Today’s gold price hits a new high, gold ornaments near 40,000 baht

Bangkok, 22 Oct. – Today’s domestic gold price has hit a new high, setting another record high. The price of gold ornaments is close to 40,000 baht/baht of gold. The Gold Traders Association reported that today’s (October 22) gold price changed 11 times. The final closing price was 100 baht higher than yesterday. Gold bars were sold at 43,350 baht