SET-listed Eastern Commercial Leasing (ECL) expects its portfolio of auto hire-purchase and leasing loans to increase by more than threefold to 20 billion baht in five years, supported by its recent partnership with Japanese trading house Itochu. ECL formed a strategic partnership with GMT, a subsidiary of Itochu Corporation, and Premium Co Ltd to accelerate […]
ECL aims to grow portfolio with Itochu. Read More »
Benchmark rate should be 1% as opposed to 2.25%, economist says An adviser to Prime Minister Paetongtarn Shinawatra reiterated the government’s calls for the Bank of Thailand (BoT) to deliver more rate cuts this year to support Southeast Asia’s second-largest economy. The benchmark interest rate at 2.25% is not accommodative, Supavud Saicheua, 68, said in
PM Adviser Joins Growing Call for Rate Cut Amid Rising Risks Read More »
Thailand expects to complete its first high-speed rail network linking the country to China through Laos in 2030, a long-delayed project officials have touted as key to furthering bilateral relations and trade between the two nations. The construction of the first phase linking Bangkok and Nakhon Ratchasima province is currently at about 36% completion, government
High-speed rail linking Bangkok to China in 5 years . Read More »
Foreign direct investment (FDI) continues to flow into Thailand amid the US-China trade war, Russia-Ukraine war and Middle-East conflict, which have made investors seek destinations of neutral countries with good infrastructure. BOI secretary-general Narit Therdsteerasukdi said on Wednesday that Thailand had witnessed a significant growth in the digital industry. Several digital companies have requested investment
Bangkok made a significant leap in the 2024 Global Cities Index (GCI), climbing 11 spots to 34th — the largest gain among the top 50 cities — driven by improvements in business activity, cultural experience and information exchange, according to consulting firm Kearney. Chanchai Tanatkatrakul, country head of Kearney Thailand, said Bangkok’s advancement in business activity was driven
Bangkok Achieves New Heights in Global Rankings Read More »
Analysts have already cut their year-end 2025 target for the Stock Exchange of Thailand (SET) index, only days into the trading year, to 1,556 points from 1,614, citing continued foreign capital outflows and political uncertainties as primary concerns. Sombat Narawutthichai, secretary-general of the Investment Analysts Association (IAA), said the majority of analysts and fund managers
Analysts slash 2025 SET price target Read More »
