Central bank clamps down on negative economic reports

Article Abstract:

Thailand's central bank officials are once again advising foreign brokerage firms and other organizations researching the Thai economy to exercise more objectivity in their research. The central bank is known to exert pressure on firms that issue less favorable reports about the economy or make strong comments in the media about the country's economic performance. The latest 'advice' is being conveyed to researchers as Thailand suffers from slow economic growth, weak corporate earnings, growing trade and current-account deficits, and a bad debt problem of a still-unknown magnitude.

Economic research, Central banks, Powers and duties, Thailand. Bank of Thailand

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Surging interest rates put finance in a bind; Bank of Thailand's bid to defend the baht may increase the risk of insolvencies, analysts say

Article Abstract:

Thai finance companies are facing financial difficulties due to steep interest rates. The Bank of Thailand has vowed to keep the domestic interest rates high to keep currency speculators from attacking the baht. In addition, overseas lenders to financial companies have increased their premiums because of Thailand's perceived increased risk level. The high interest rates are expected to affect the earnings and increase the risk of insolvency of many Thai finance companies.

Financial Services, Finance and Insurance, Industry Overview, Commercial finance companies, Interest rates

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