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 asse…
Bangkok: The Bank of Thailand (BOT) is focused on upgrading technology and developing Thai payments, encouraging foreign tourists to exchange cryptocurrencies and spend baht domestically. Thais are proficient online, with 95 million PromptPay transfer…
Bangkok: Gold prices are soaring in Thailand as the cost of gold bars has reached a new high. This morning, Thai gold prices escalated, with gold bars priced at 60,100 baht per baht weight, meaning that 100,000 baht can now purchase less than 2 baht o…
Bangkok: Deputy Prime Minister and Finance Minister Ekniti is advancing the “Quick Big Win” initiative, a comprehensive five-point plan designed to address debt issues, eliminate investment bottlenecks, and stimulate economic growth in Thailand. The i…
Bangkok: The SME Bank has introduced a new initiative to support leasing and nano-finance groups by lifting the stipulation of loan guarantees for non-bank companies. In collaboration with the Thai Leasing Business Association, the bank is set to aid …