BANGKOK, Oct 26 -- The Thai government is still awaiting a reply from the Japan Bank for International Cooperation (JBIC) on its request for loans to finance construction of two new electric train lines designed for easing traffic congestion here, said Finance Minister Chalongphob Sussangkarn on Friday.
Mr. Chalongphob said it is likely that the government would find lending sources in the country to finance the construction of the red route of the electric train lines from Taling Chan to...... (read more)
BANGKOK, Oct 23 - The Thai government as well as the business community should borrow more US dollars from overseas while the American currency is softening, Thailand's Deputy Finance Minister Sommai Phasee said Tuesday.
At a time when some governments and businesses are divesting their dollar holdings, Mr. Sommai's recommendations provide food for thought.
Borrowing greenbacks could also help in refinancing debts, according to the deputy finance minister, adding that Thailand still...... (read more)
BANGKOK, Oct 23 - Concerned over the possible rejection of four Ministry of Finance-sponsored financial and economic bills by whatever new government is formed after the December general election, Deputy Finance Minister Sommai Phasee said on Tuesday that the ministry should quickly submit them for early consideration by the National Legislative Assembly (NLA).
He said the four bills should be passed to the NLA for its members consideration and approval as soon as possible because Assembly...... (read more)
BANGKOK, Oct 14 - Thailand's currency, the baht, is expected to remain strong against the US dollar this week, according to a report issued by Kasikorn Research Center.
On Friday, the baht closed at Bt34.12-34.17 against the dollar on the onshore market compared to Bt34.14-34.18 on Thursday.
The report said the baht is projected to remain strong and move within Bt34.10-34.20 against the dollar this week, on the back of factors including the selling of dollars by exporters, foreign capital...... (read more)
BANGKOK, Oct 10 - The Bank of Thailand's Monetary Policy Committee (MPC) acted on Wednesday to leave its benchmark policy rate unchanged at 3.25 per cent as widely anticipated by the market.
Bank of Thailand assistant governor Suchada Kirakul said in a statement that the MPC meeting decided to keep the 1-day repurchase rate at 3.25 per cent after recent economic data showed signs of improvement in domestic demand, both consumption and investment.
"Exports continued to expand well...... (read more)
BANGKOK, Sept 22 - Citing that many countries have already implemented savings protection to depositors, a senior Bank of Thailand (BoT) official said the central bank believes the Deposit Protection Act will benefit depositors and financial institutions alike.
Only a small proportion of depositors -- very large-scale players -- will be denied full coverage under the act. In Thailand only 10,000 depositors have over Bt50 million in a single savings account.
BoT assistant governor...... (read more)
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