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Local interest spread stays at appropriate level, says BoT

Local interest spread stays at appropriate level, says BoT

Bangkok, July 13 - Bank of Thailand (BoT) Deputy Governor Krirk Vanikkul on Monday revealed Thailand’s interest spread, calculated based on net interest-based incomes earned by commercial banks at the end of the first quarter of 2010, stayed at an appropriate level if compared with those in other Asian countries.

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Korn satisfied with budget disbursement in Lop Buri

Korn satisfied with budget disbursement in Lop Buri

Lop Buri , July 4 - Finance Minister Korn Chatikavanij on Sunday expressed satisfaction with the progress of budget spending under the government-sponsored Thai Khem Kaeng (Stronger Thai) project in this central province.

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Selecting new BoT chief a difficult task, says finance minister

Selecting new BoT chief a difficult task, says finance minister

Bangkok, June 22 - Finance Minister Korn Chatikavanij on Monday said the committee tasked to select the new governor of the Bank of  Thailand is finding it difficult to make a decision because each candidate for the position is a senior and veteran person in the money and capital markets.

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Investors warned of bogus foreign gold investment firms

Investors warned of bogus foreign gold investment firms

Bangkok, June 20 - Thailand’s Gold Traders’ Association has issued a warning to the public to be aware of shady companies persuading people to invest in buying gold on the spot or futures markets overseas.

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Thai exports in May hit record 22 month high

Thai exports in May hit record 22 month high

Bangkok, June 18 - Thailand’s exports rose 42.1 per cent year on year in May, their highest level in the past 22 months, valued at over US$16.5 billion, Commerce Minister Pornthiva Nakasai said on Friday.

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Private sector advised to brace for policy interest rate hike

Private sector advised to brace for policy interest rate hike

Bangkok, June 16 - The Bank of Thailand (BoT) advised the public sector to brace for the policy interest rate hike in the near future, citing efforts to keep the interest rate unchanged for too long posed a threat to the economy.

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Thailand seeks to buy Thaicom from Singapore's Temasek

Thailand seeks to buy Thaicom from Singapore's Temasek

Bangkok, June 14 - Prime Minister Abhisit Vejjajiva on Monday said that Thailand's Ministry of Finance is seeking to buy the Thaicom satellite back from Singapore-based Temasek Holdings, citing national security concerns.

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Revenue collection higher than targeted in May

Revenue collection higher than targeted in May

Bangkok, June 12 - The government collected Bt276 billon in net revenue in May, which is Bt2.7 billion higher than targeted, resulting in an increased revenue collection in the first eight months of Fiscal 2010 by over Bt210 billion baht or 23.2 per cent from the earlier projection.

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Top securities executives see need to address economic inequality

Top securities executives see need to address economic inequality

Bangkok, June 11 - Economic inequality is considered a key root cause of Thailand’s present social divisions and needs to be addressed through economic and social reform, according to top securities executives.

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