Fitch Ratings today said the outlook on Thai banks should remain stable for the next 12 to 18 months as economic conditions are expected to remain supportive of banks’ overall performance during the period of time.
However, the global rating agency also sees several main risks which include strong credit growth in some large corporate and retail sectors, surging funding costs and potential asset quality pressure due to higher interest rates from rising inflation, and lingering global uncertainties.
According to the report, entitled “Thai Banks: Annual Review and Outlook – Resilient Economy …
Date of Birth: June 8, 1955
Education:
2007 — Certificate, Capital Market Academy
1994 – Certificate, National Defence College
1977 — Certificate in Population Studies, University of Hawaii
1983 – PhD Economics, University of Hawaii
1978 — MA Economics, Thammasat University, Bangkok
1976 — BA Economics (Hon.), Thammasat University, Bangkok
Working Experiences:
2009 – 2010 — Deputy Permanent Secretary, Ministry of Finance
2007 – 2009 — Inspector, Ministry of Finance
Thailand’s Ministry of Finance yesterday announced the economic growth of the country for this year is expected to be within the range of 4-5 percent as earlier forecast since December last year.
Dr Naris Chaiyasoot, the director-general of the ministry’s Fiscal Policy Office (FPO), said although the office had revised its estimation for the country’s gross domestic product (GDP) growth for 2011, it believed the annual GDP would however grow 4-5 percent as targeted earlier, compared with the growth of 7.8 percent last year.
This year’s GDP growth, he said, might be …
Prime Minister Abhisit Vejjajiva on Monday gave a keynote speech at the annual dinner of the Foreign Correspondents’ Club of Thailand (FCCT) at the Intercontinental Hotel in Bangkok. The Thai premier had once again met with FCCT members and guests after 14 months, and this year’s speech of his seems to have reflected a lot of things, not only in relation to what have been going on and what will be happening in Thailand but also, of course, what the Oxford-educated prime minister of Thailand is thinking now.
Here is the …
Listed companies on the Stock Exchange of Thailand (SET) have reported their combined net profit of 592.45 billion baht for 2010, up 38.98 percent from the previous year.
According to a SET report released yesterday, the companies on the Thai bourse, excluding property funds, saw their 2010 income from sales and services increase 17.67 percent from the previous year to 7.40 trillion baht, approximately USD244.90 billion while the combined operating profit rise 15.16 percent to 663.81 billion baht.
Other income, mostly the gains on investment and foreign exchange, during last year grew …
Made in Thailand 2011 is one of the most interesting events in the month of March 2011.
Now – March 11, 2011
Event: VIV Asia 2011
Venue: Bangkok International Trade & Exhibition Centre (BITEC), Bang Na
Description:
The 10th international trade fair for intensive and innovative animal production and processing
Organiser: VNU Exhibitions Europe
Tel: +66 (0) 2 203 4240
Website: www.viv.net
