Paetongtarn defended for saying central bank independence an ‘obstacle’
By Naewna and Reuters – published by CNA AFTER Paetongtarn Shinawatra, leader of the ruling Pheu Thai party, was criticised for saying Bank of Thailand’s independence was an “obstacle” in resolving economic problems yesterday (May 3) the party’s Secretary-General and MP Ms. Linthiporn Warinwatchararoj today denied she was interfering with the central bank. Linthiphon […]
Read MoreThai AirAsia plane lands safely after power bank explodes
ALL 186 passengers and crew of Thai AirAsia flight FD3188 heading from Don Mueang Airport in Bangkok to Nakhon Si Thammarat at 7.20 a.m. this morning (Feb. 24) were unharmed and the plane landed safely at the destination after a power bank exploded, Matichon newspaper quoted TV Channel 3 as saying. On this flight […]
Read MorePM: Will keep urging central bank to cut rates
By Reuters and published by CNA PRIME MINISTER Srettha Thavisin said on Friday (Feb. 9) he will continue to urge the central bank to cut interest rates. His comments on social media platform X come just days after the Bank of Thailand left the key rate unchanged at 2.50 percent, the highest level in […]
Read MoreThailand relaxes rules on non-resident baht transactions – cenbank
By Reuters and published by CNA THAILAND’S central bank said on Tuesday (Sep. 26) it was relaxing some foreign exchange rules for non-residents to improve the ease of doing business in the country. More flexibility will be given under the non-resident qualified company (NRQC) scheme, the Bank of Thailand (BOT) said in a statement. […]
Read MoreBeware of power banks exploding in the summer heat
A YOUNG woman issued a warning about power banks exploding in the current hot weather as happened at her house last night (Apr. 23) when an unplugged unit suddenly blew up, Matichon newspaper said today. In an online post the unidentified woman said at 9 p.m. just as she was going upstairs she smelt […]
Read MoreCredit Suisse shares sink as top shareholder rules out more cash
By Agencies and published by CNA Paris – Credit Suisse lost almost a quarter of its value on Wednesday (Mar. 15), dropping to a new record low after its largest investor said it could not provide the Swiss bank with more financial assistance. “We cannot, because we would go above 10 percent. It’s a […]
Read MoreSVB shockwaves rattle global banks in grip of contagion fears
By Reuters – published by Yahoo!news and Matichon SILICON Valley Bank’s collapse pressured global bank stocks further today (Mar. 14) as investors fretted over the financial health of some lenders, in spite of assurances from US President Joe Biden and other policymakers. An indicator of credit risk in the eurozone banking system leapt to […]
Read MoreMinimal impact on Thailand from collapse of 2 US banks
FINANCE Minister Arkhom Termpittayapaisith said the collapse of two US banks, Signature and Silicon Valley Bank, has little impact on Thailand as there were no transactions nor investments in them, Matichon newspaper said today (Mar. 13). US regulators closed New York-based Signature Bank on Sunday, the third largest failure in US banking history, two […]
Read MoreUS bank collapse biggest failure since 2008
By Reuters and published by Financialexpress.com START-UP FOCUSED lender SVB Financial Group became the largest bank failure since the financial crisis on Friday, in a sudden collapse that roiled global markets and stranded billions of dollars belonging to companies and investors. California banking regulators closed the bank, which did business as Silicon Valley Bank, […]
Read MoreAssistant bank manager nabbed for stealing client’s money
AN assistant manager of an unidentified bank was arrested today (Feb. 4) for stealing 2 million baht from a client’s account last November, INN News said this morning, An Economic Crime Suppression (ECS) police team arrested Mr. Pornchai (surname withheld), 52, from his house on Phutthamonthon Sai 3 Road, Thawi Watthana district, under […]
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