Bank of Ayudhya announced a 0.15% rate cut effective 27th May, 2009.
The Minimum Lending Rate (MLR) is thus 6.25%, with Minimum Retail Rate (MRR) and Minimum Overdraft Rate (MOR) at 6.75%.
This makes it the 4th local bank to announce rate cuts after pressure from the Central Bank and Finance Ministry to pass on previous rate [...]
Siam Commercial Bank and Kasikorn Bank announced lending rate cuts effective Monday 25th May, 2009.
Siam Commercial Banks reduction by 0.15% brings its Minimum Lending Rate (MLR) to 6.0%, Minimum Overdraft Rate (MOR) to 6.25% and Minimum Retail Rate (MRR) to 6.5%.
Kasikorn Bank announced a quarter percentage point cut for an MLR of 5.85%, MOR of [...]
After some nudging from the Finance Minister and the Central Bank, Bangkok Bank took the lead in cutting interest rates by 0.125% effective Thursday 21st May, 2009.
Prime Lending Rate is now 5.875%, Minimum Retail Rate (MRR) 6.5% and Minimum Overdraft Rate (MOR) 6.125%. Deposit rates remain unchanged.
The announcement comes on the heels of the Bank [...]
Language is a living, evolving thing which changes to accommodate the needs and mood of the time. Cool entered my lexicon at the same time as groovy, but unlike the latter, is still a part of it today. My parents and teachers probably did not think that was cool.
Evolution
I am definitely challenged when it comes to [...]
It was delightful to see on the TV channels that people were quickly out splashing water for what was left of Songkran last week. Life is indeed back to normal, the only blip being Sondhi Limtongkul getting shot.
Locally, that had about as much impact as someone getting shot in New York or Buenos Aires would have on [...]
Following the developments in Thailand on BBC and CNN covers all three.
When you hear the impassioned garbage from Jakrapob Penkair about the authorities using weapons against the protestors “without warning”, then you wonder how long a declaration of emergency has to be in force before it is considered sufficient warning. When asked, Jakrapob said that [...]
The Bangkok Post seems to have decided that the story of the Red Shirt protests will be one of disrupting normal life in Bangkok.
So, on Friday April 10th 2009, the paper had screaming headlines in extra large font reading “City Grinds to Halt” - no room for “….a Halt” even.
Yes, the protesters occupied Victory Monument and [...]
In its meeting on 8th April, 2009, the Bank of Thailand cut the short-term policy interest rate by 0.25%, reducing it to 1.25%.
This is the 4th cut in interest rates since December 2008. With inflation on a declining trend, the focus is on supporting the economy and stimulating the recovery.
You may recall that on 25th March, [...]
The weather has definitely changed, with some pretty heavy thunderstorms in the last few days.
Along with the rain has come an upsurge of demonstrations by the Red Shirts and an accompanying sharp increase in the number of column centimeters dedicated to local politics in the Bangkok Post.
There is still this endless debate about the legitimacy of the [...]
The Government has announced that there will be no ban on alcohol sales over the Songkran holiday this year.
The National Committee for Alcohol Consumption Control made the announcement yesterday after its meeting to discuss the ban. It has instead opted to launch an intensive campaign against drink-driving, to be handled by the relevant agencies.
Deputy Prime Minister Sanan [...]
