Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Vitai Ratanakorn

Central bank steps up non-bank oversight

The Bank of Thailand is strengthening its supervision of lending and payment services provided by non-banks to ensure fair treatment of consumers and curb irregular transactions, according to its governor.

Bangkok Post · Aug 14

Central bank schemes set to expand SME lending

The Bank of Thailand expects its two targeted lending schemes to increase lending to small and medium-sized enterprises (SMEs) by 130 billion baht by the end of next year, as overall bank lending has begun to recover.

Bangkok Post · Aug 3

The roadmap for a baht-backed stablecoin

Over the past few years, Thailand has emerged as one of Southeast Asia's most proactive and structured hosts for digital asset regulation. Driven by a high level of retail crypto adoption, a tech-savvy population and strong institutional backing, the focus has shifted towards building a utility-driven digital asset system.

Bangkok Post · Jul 31

From analysis to the latest developments in health,
read the most diverse news in one place.

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 · Jul 20

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 · Jul 13

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 · Jul 11

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 · Jul 11

Read news from The Economist, FT, and more,
with one subscription

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 · Jun 26

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 · Jun 25

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 · Jun 22

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 · Jun 7

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 · Jun 2

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 · Jun 2

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 · Apr 3, 2023

Get all your
news in one place.

100's of premium titles.
One news app.

Bangkok Post · Jan 25, 2023

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 · Nov 15, 2022

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 · Nov 6, 2022

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 · Oct 31, 2022

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.

Get all your
news in one place.

100's of premium titles.
One news app.

Bangkok Post · Oct 10, 2022

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 · Aug 24, 2022

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 · Jun 29, 2022

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.

Bangkok Post · Jun 19, 2022

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 · Jun 9, 2022

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 · Apr 22, 2022

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 · Apr 13, 2022

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.

1 2

Coverage From

Bangkok Post

People

Vitai Ratanakorn

28 stories

Vinit Visessuvanapoom

17 stories

Pimjai Leeissaranukul

14 stories

Chatchai Sirilai

11 stories

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Monetary Policy Committee

Government Savings Bank

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.