RATINGS / Fitch downgrades outlook to negative Fitch Ratings yesterday cut its ratings outlook for Thailand to negative due to rising political risk. The agency affirmed Thailand’s long-term foreign and local currency ratings at BBB+ and A. Short-term foreign ratings were affirmed at F2 with t... Read more.
Thailand to extend deposit guarantee for 3 yrs 30-OCT-2008 Intellasia | Reuters Oct 30, 2008 - 7:00:00 AM Thailand will extend a full guarantee on bank deposits until 2011 to ensure financial stability and reassure savers worried about the global financial crisis, its finance minister said on Tuesda... Read more.
Olarn : 60 billion baht funds to shore up Thai stocks Concerned parties in the Thai stock exchange would inject some 60 billion baht funds to shore up local bourse. Deputy Prime Minister Dr. Olarn Chaipravat said on Monday (October 27) that he would encourage existing funds to shore up Thai stocks a... Read more.
Plan to extend bank guarantee WICHIT CHANTANUSORNSIRI and DARANA CHUDASRI Thailand will extend the current 100% state guarantee on bank deposits for another three years, Finance Minister Suchart Thada-Thamrongvech said yesterday. Finance Minister Suchart Thada- Thamrongvech examinessome economic dat... Read more.
FINANCE Fitch sees pressures facing Thai banks POST REPORTERS Thai banks have been relatively unscathed by the global financial crisis, but political turmoil and a darkening economic outlook could hurt profitability and ratings going into 2009, according to Fitch Ratings. Vincent Milton, the managin... Read more.
BANKING Bangkok Post Wednesday October 22, 2008 BAY profit down in Q3 on provisions Bank of Ayudhya yesterday reported a third-quarter net profit of 1.01 billion baht, down from 2.88 billion in the same period the year before. Nine-month profit for the period ending Sept 30 was 4.05 billion baht, up... Read more.
BANK OF THAILAND Bangkok Post Wednesday October 22, 2008 Rate cut possible if inflation low DARANA CHUDASRI Interest rates could decline to help lift market liquidity and support growth, according to Bandid Nijathaworn, a deputy governor of the Bank of Thailand. He said lower inflation would give po... Read more.
ECONOMY State banks could help ease liquidity Minister worried about loan growth WICHIT CHANTANUSORNSIRI Bangkok Post Wednesday October 22, 2008 Eight state-controlled banks could be directed to increase their lending to ease liquidity constraints in the market if private banks begin to cut back the... Read more.
Thai banks cut lines to US firms Executives respond to high credit risk SOMRUEDI BANCHONGDUANG Local banks have been cutting back funding lines to US companies as credit risks have jumped sharply in recent days. Bank executives said local banks have been refusing to roll over their short-term credit... Read more.
FINANCIAL CRISIS BBL rethinks Lehman loss More provisions to be booked for Q3 SOMRUEDI BANCHONGDUANG Bangkok Bank will book additional provisions in the third quarter to cover investment losses from the bankruptcy of Lehman Brothers. Kulathida Sivayathorn, a BBL executive vice-president, said the ba... Read more.
