Bangkok: Woraphat is making swift moves to tackle the significant challenge of over 13.55 trillion baht in non-performing loans (NPLs), with half of these loans being unsecured. The strategy involves negotiating with banks to transfer the debt to asset management companies (AMCs). This week, discussions are scheduled with the Ministry
Bangkok: The National Economic and Social Development Board (NESDB) president has confirmed that Thailand possesses a robust reserve fund. The NESDB chairman has also suggested the creation of a 3 trillion baht “Sovereign Wealth Fund” to boost returns and raise funds. According to Thai News Agency, Dr. Suphawit Saicheua, Chairman
Bangkok: Thai-Cambodian border trade in August experienced a significant decline, dropping by 99.9%, marking the lowest value in the past year. This downturn has significantly impacted the overall border trade, which fell by 23.6%. According to Thai News Agency, the Department of Foreign Trade reported that cross-border trade to third
Bangkok: The Bank for Agriculture and Agricultural Cooperatives (BAAC) is actively implementing the government’s “Quick Big Win” measures aimed at alleviating debt and boosting farmer income. The BAAC’s current Non-Performing Loan (NPL) ratio stands at 6.10%, which is below the projected plan and the year-end target of 5.17%. The final
Bangkok: Thai stocks closed the morning session up 4.10 points. The Stock Exchange of Thailand (SET) concluded the morning at 1,282.84 points, marking an increase of 4.10 points, or 0.32%, with a trading value of approximately 17,371.02 million baht. According to Thai News Agency, the index remained in positive territory
Bangkok: Phiphat Ratchakitprakarn, the Deputy Prime Minister and Minister of Transport, has announced that a decision regarding the 20 baht electric train fare policy will be made within the next two weeks. This comes in the wake of a policy statement to Parliament, which highlighted the importance of the fare
Bangkok: Muang Thai Life Assurance has registered its “Carbon Footprint of Organization (CFO)” with the TGO for the third consecutive year, moving forward with its Net Zero Scope 1 and 2 goals by 2030. Muang Thai Life Assurance Public Company Limited (MTL) reaffirms its commitment to sustainability by registering its
Bangkok: Gold prices in Thailand have reached unprecedented levels as the baht continues to show signs of weakening. This morning, gold was selling for 58,900 baht per baht weight, marking a significant increase in the domestic market, driven by global trends and currency fluctuations. According to Thai News Agency, the