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The Latest Breaking News from Vitai Ratanakorn

Baht set to decline again amid Mideast war

The baht is expected to continue weakening against the US dollar this week after falling to a nearly 15-month low, driven by renewed tensions in the Middle East.

Bangkok Post

Central bank steps up tracking of suspicious fund flows

The Bank of Thailand has instructed financial institutions and payment platforms to monitor suspicious fund flows as part of its efforts to curb the grey economy, which it views as one of the country's key structural economic challenges.

Bangkok Post

Cash deposits over B5m to face mandatory disclosure

Customers depositing more than 5 million baht in cash will be required to disclose the source of the funds from the fourth quarter as part of tighter measures to curb the grey economy and illicit financial activities, according to Bank of Thailand governor Vitai Ratanakorn.

Bangkok Post

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Thailand inflation outlook improving

Inflation ⁠in Thailand is likely to be below the Bank of Thailand’s forecast of 2.8% this year and to ‌ease further next year, governor Vitai Ratanakorn said on Saturday.

Bangkok Post

BoT vows to continue with stablecoin plan

The Bank of Thailand is moving forward with plans to introduce a baht-pegged stablecoin as part of a push to support digital finance and innovation, says governor Vitai Ratanakorn.

Bangkok Post

Bad loans still elevated as Iran war hammers firms

The Bank of Thailand intends to focus on asset quality in the banking industry as non-performing loans (NPLs) remain at elevated levels, attributed in part to the impact of the Middle East conflict, says the central bank's chief.

Bangkok Post

Bank of Thailand set to hold firm on its policy rate

The Bank of Thailand (BoT) is widely expected to leave its benchmark policy rate unchanged at 1% at Wednesday's Monetary Policy Committee (MPC) meeting, with research houses noting that subdued inflationary pressures and heightened external uncertainties warrant a steady stance.

Bangkok Post

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A double dip on the cards?

An economist is concerned about Thailand's potential dual deficit scenario, in which both the fiscal balance and current account move into deficit simultaneously.

Bangkok Post

Inflation set to top 5% this year amid surge in oil imports

The Bank of Thailand expects headline inflation to peak at 5.2% in October this year, driven by rising oil imports and the government's subsidy measures.

Bangkok Post

Thailand sees 2% growth and 3% inflation in 2026: central bank chief

The Thai economy is expected to grow 2% this year, Bank of Thailand (BoT) governor Vitai Ratanakorn told a news briefing on Tuesday.

Bangkok Post

GSB set to launch digital loans in effort to lower rates

Government Savings Bank (GSB) is set to launch a non-bank business to offer digital personal loans and digital nano-finance services in the third quarter of this year, with a view to pushing down interest rates in the market for both services by 5%, said president Vitai Ratanakorn.

Bangkok Post

GSB still backing low-income borrowers

Government Savings Bank (GSB) plans to continue to help low-income borrowers access loans this year on a fair borrowing cost basis through its newly launched mortgage subsidiary and its existing digital lending application, says president Vitai Ratanakorn.

Bangkok Post

State banks positioned to increase rates next year

Government Housing Bank (GH Bank) and Government Savings Bank (GSB) will begin gradually raising their loan interest rates next year, in line with the upward overall trend, according to executives.

Bangkok Post

GSB non-bank unit to kick off in 2023

The Government Savings Bank's (GSB) non-bank subsidiary is expected to start operation in the second half of next year, says GSB president Vitai Ratanakorn.

Bangkok Post

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Bangkok Post

GSB introduces two new savings deposit packages

The state-run Government Savings Bank (GSB) has launched two new savings deposit packages, with the aim of reviving public sentiment regarding savings, which has been affected by the Covid-19 pandemic, said president Vitai Ratanakorn.

Bangkok Post

GSB unit to offer competitive rates

The Government Savings Bank (GSB) is aiming to enter and compete in the non-bank lending sector by setting up a sister company to better serve those on low incomes.

Bangkok Post

GSB proposes low-rate loan to Oil Fuel Fund

State-owned Government Savings Bank (GSB) is willing to offer an interest rate at the lowest level possible to the Oil Fuel Fund if the fund needs to shore up its liquidity, says GSB president Vitai Ratanakorn.

Bangkok Post

IVGS granted B6bn sustainability-linked loan

Siam Commercial Bank (SCB) has provided a 6-billion-baht sustainability-linked loan to a unit of the global chemical company Indorama Ventures (IVL) to manage liquidity.

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Bangkok Post

GSB vows steady interest rates

The state-run Government Savings Bank (GSB) will try to maintain its interest rates for as long as possible amid a rising global trend in order to alleviate the burden on its borrowers, says bank president Vitai Ratanakorn.

Bangkok Post

GSB, Dhipaya, Bangchak try loan venture to SMEs

Government Savings Bank (GSB) is joining with Dhipaya Group Holdings and Bangchak Corporation to set up a lending joint venture using land titles as collateral.

Bangkok Post

GSB auto loan venture poised to lend B20bn

The motorcycle and car title loan joint venture of Government Savings Bank (GSB) expects to lend around 20 billion baht this year, up 25% from last year, says bank president Vitai Ratanakorn.

Bangkok Post

GSB extends loans worth B1.5bn to small enterprises

Government Savings Bank (GSB) extended loans worth around 1.5 billion baht during the last three months to small businesses suffering from the impact of the Covid-19 pandemic, says bank president Vitai Ratanakorn.

Bangkok Post

GSB launches cheap loans for the poor

Government Savings Bank (GSB) is launching a low-interest loan that does not require collateral, aiming to help low-income earners prop up their liquidity, says bank president Vitai Ratanakorn.

Bangkok Post

GSB puts off bad loan lawsuits for 4 months

Government Savings Bank (GSB) has delayed its plan to file lawsuits against customers with non-performing loans (NPLs) for four months, giving them more time to seek ways to address the problem, says bank president Vitai Ratanakorn.

Bangkok Post

GSB preps subsidiary for SME loans

Government Savings Bank (GSB) is preparing to set up a non-bank subsidiary to provide loans based on land collateral to small and medium-sized enterprises (SMEs), says GSB president Vitai Ratanakorn.

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