Moody’s downgrades BCAs of Kasikornbank and Siam Commercial Bank

Moody’s has also downgraded the Baseline Credit Assessments (BCAs) of KBank and SCB to baa2 from baa1, reflecting the structural challenges to their asset quality and profitability that are exacerbated by the slow economic recovery in Thailand

Thai GDP growth expected at 3% in 2022 (SCB)

The EIC expects however for the Thai economy to take another 2 years to recover at full speed, and for the country’s Monetary Policy Committee to further raise the policy rate at increments of 0.25%.

SCB cuts thai growth forecast to 3.6%

The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6%

Thailand’s Auto Parts Suppliers: from regional to global players

Over the past 5 years Thai exports of auto parts have shown strong growth of 4%, higher than the 3% growth in of global car demand during the same period.

Thai exports surged by 9.2% in March, but challenges remain ahead

EIC projects that export value will grow by only 1.5% in 2017. This is firstly because oil price is expected to normalize beginning in the second quarter.

China’s Trina Solar invests $143 million in new Rayong factory

Trina Solar Limited, a global leader in photovoltaic (“PV”) modules, solutions, and…

Thailand’s inflation unlikely to soar as in China or Indonesia (SCB)

BANGKOK, March 11 – Thailand’s inflation rate will not soar as dramatically as those in China and Indonesia because the rate is calculated based more than 30 per cent on rice and food prices, according to a leading Bangkok commercial bank economist.

Siam Commercial Bank easing lending terms, sets 90 billion baht goal

Siam Commercial Bank has set a new loan target of between 80…