Hot News: Catch Up! Thai Economy Through Crisis
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Catch Up! Thai Economy Through Crisis

CIMB Thai Bank Research Office 'pointed out' Thai economy in the second half of the year should see signs of recovery improving quarter by quarter. And there are stories to watch Which can be compared to 4 abbreviations: R E S T

Dr. Amornthep Jawala, Executive Vice President of Research at CIMB Thai Bank, revealed that the Thai economy in the second half of the year should see signs of recovery improving quarter by quarter. And there are stories to watch Which can be compared to 4 abbreviations: R E S T

R stands for Reshuffle, which is to adjust the cabinet. Politics affects the economy. Especially the economic team, if making clear Strengthen There is a policy that shows that 400 billion baht will be used to support the economy. Stimulate various purchasing power to make good changes And also building confidence in the Eastern Special Development Zone (EEC) on economic infrastructure Good political development can restore confidence.

E stands for Exchange Rate. Exchange rate Today, the baht is quite stronger than the neighbors. The Bank of Thailand has already issued a signal that it will not use interest rates. But will take care of the currency fluctuations in the same direction as the region

S stands for Second Wave. Thailand has done quite well aboutovid. But have to follow up and see if there is a risk from foreign to spread into a travel bubble and come into the delivery How do we handle?

T stands for Trade War. The trade war between the United States and China is about to be settled. What will be the final At least if it is clear Thai export trade with the region should improve. As a result, Thai exports should recover. From the latest negative exports numbers to -22%

"In summary, even though the 4 words combined into the word R E S T, which means rest However, the Thai economy may not be able to rest at this time. However, the second half of the year should recover better. Although contracted compared to the same period last year But should recover quarter by quarter, "said Dr. Amornthep.

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GHB 'reveals' new loans 100,981 million

Mr. Chatchai Sirilai, Managing Director of the Government Housing Bank (GHB) revealed that the performance at the second quarter of 2020, despite the Thai economy since the beginning of 2020 has been affected by the coronary epidemic in 2019 ( COVID-19), which affects the global economy, including the Thai economy more than expected, but the Bank of Thailand home banks As a state financial institution with a mission "Make Thais have houses" is still a strong financial institution and plays an important role in supporting government policies. Bank of Thailand And the Board of Directors by Mr. Parinya Phatthanaphakdee, Chairman of the Board of Directors Have established measures to assist customers to mitigate the effects Along with stimulating the economy to recover after the epidemic began to resolve By making low-interest credit products In order to create opportunities for people to have their own residences, as of June 30, 2020, the Bank can release new loans in the amount of 100,981 million baht, 62,116 accounts, up 12.99% from the same period last year, representing 50%. Of the new loan target of 2020 at 210,000 million baht.In the first 6 months of 2020, the bank released a new loan with a credit limit not over 2 million baht for 40,504 low and middle income groups.

At the end of the second quarter of 2020, compared to the end of 2019, the bank had outstanding loans totaling 1,256,305 million baht, an increase of 3.89%, total assets of 1,300,881 million baht, an increase of 4.52%, total deposits of 1,060,970 million baht, an increase of 6.76%. Generating income (NPL) in the amount of 56,827 million baht or 4.52% of the total loan amount Increased from the end of the year 2019 with NPL at 4.09% or 0.43% and net profit of 4,831 million baht, lower than the target of 14.87% because the bank has increased reserves for security and preparedness with uncertainty Future situation And supporting the preparation of measures to assist customers affected by COVID- 19 through the GHB project to help Thai people join the nation. Covering help for both the suspension of the principal Interest suspension And reducing interest, etc. At the latest on July 16, 2020 at 9.00 am, customers have requested to take measures 490,725 accounts, credit limit 488,024 million baht, while the ratio of capital to risk-weighted assets (BIS Ratio) remains at a strong level by As of 31 May 2020, 15.35% is higher than the minimum capital fund rate set by the Bank of Thailand.

As for the important plans for the second half of 2020, continue to grant loans and look after the customers after the end of the period of assistance measures under the project. "GH Bank helps Thai people Join the Nation Building "to raise more digital services according to the GHB New Normal Services plan and sell the" Phimanmas "savings lottery sets at 50,000 baht per unit to 1,000,000 units.

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