Banking
Bank of Thailand less concerned by condo bubble
The Bank of Thailand is now less concerned about a bubble in the condominium market due to a reduction in oversupply and a slowdown in demand. The impact of its decision to raise the loan-to-value (LTV) ratio, which took effect from the beginning of 2011, is being monitored.

The Bank of Thailand is now less concerned about a bubble in the condominium market due to a reduction in oversupply and a slowdown in demand. The impact of its decision to raise the loan-to-value (LTV) ratio, which took effect from the beginning of 2011, is being monitored.
It is too soon to assess the impact of the new LTV ratio but oversupply is much less, easing concerns of a bubble, said BOT senior director Mathee Supapongse.
Last year, the central bank announced a preventive measure by raising the LTV for condominium purchases. For condominium units costing less than Bt10 million, the LTV is capped at 90 per cent, which means loan cannot be more than 90 per cent of unit cost.

With Thailand's economy growing at a fast pace, and high consumer confidence, the transfer of property rights in Bangkok and its vicinity increased to 178,128 units in 2010 from 161,240 a year earlier.
The property market has started to give better signal, reflecting lower demand, said BOT director Songtum Pinto. The number of residential units getting credit approvals from commercial banks is projected to decline for all types to 5,793 in January from 9,067 units a month ago, the BOT’s Economic Conditions Report in January said.
via Property market returning to normal.
Banking
APAC corporates likely to improve in 2021
Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies.

Ongoing fiscal and monetary support in both advanced and emerging markets will also aid improving conditions, but renewed lockdowns in parts of the world have stalled the nascent global economic recovery and create uncertainty around improving credit conditions.
(more…)Banking
Can Fintech drive a strong post-COVID-19 recovery in Asia?
The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.
Banking
BoT sees mild impact of new COVID-19 wave on the economy
The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.
(more…)-
Forex5 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National1 day ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Economics2 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
-
Banking3 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?