TRIS rating anticipates credit rating downgrade decelerate this year after cut credit rating of 27 listed co in FY23, 4 in 2M24, non-bank motorbike hire-purchase the most vulnerable.
Energy Regulatory Commission (ERC) had come up wiith 3 approaches on adjusting the FT for electricity sells for period of May-Aug.
adjusts FT up to Bt1.6524/kwh from current Bt0.3972 to help EGAT settles all its Bt99.6b debt from electricity generation, and in the process driving up power bill cap to Bt5.44/kwh.
adjusts the FT up to Bt0.5572/kwh, allowing EGAT to pay off its debts in 4 installments of Bt24.92b each, will result in Bt4.34/kwh; but EGAT will still have outstanding debt after Aug around Bt74.76b.
keeps FT unchanged at Bt0.3972/kwh, power bill cap at current Bt4.18/kwh, EGA’s debt will be repaid in 7 installment of Bt14b each and still shoulder Bt85.68b after Aug.
Civil Aviation Authority of Thailand (CAAT) said six airlines will add 104 flights and give a discount of about 20% on early morning and late night domestic flights during the Songkran holiday as an economy option for travellers.
PM sets ambitious goals for tourism: 40m foreign visitors planned for this year. The government aims to attract more than 8.5 million travellers from Europe, Africa and the Middle East, expected to bring in an estimated 664 billion baht this year, Prime Minister Srettha Thavisin said. Bangkok Post
SCB EIC predicts 2 rate cuts in H1: Structural headwinds provide impetus. SCB EIC, a research centre under Siam Commercial Bank (SCB), expects the Bank of Thailand to start cutting the policy rate in April because of structural economic problems.
Public snaps up savings bonds worth B35bn: Government savings bonds worth 35 billion baht were bought by the public, with the portion sold through Krungthai Bank’s Pao Tang mobile app selling out within seconds. According to Patchara Anuntasilpa, director-general of the Public Debt Management Office (PDMO), the latest series of government savings bonds issued by the office to offset the government’s budget deficit amounted to 40 billion baht. Of this amount, 35 billion baht was offered to the public and 5 billion was allocated to non-profit organisations.
EC says hands tied on MFP: ‘Law obliges’ move to disband party. The Election Commission (EC) was obliged by law to seek a court ruling to dissolve the Move Forward Party (MFP) or it could be held in dereliction of duty, according to EC chairman Ittiporn Boonpracong.
Credit guarantee project benefits small firms: The Finance Ministry plans to propose to the cabinet a new 50-billion-baht portfolio guarantee scheme (PGS 11), which is a credit guarantee where the government sponsors the annual fee, operated by the state-owned Thai Credit Guarantee Corporation (TCG).
Krungsri Auto expects flat growth: While the 45th Bangkok International Motor Show later this month should ramp up electric vehicle (EV) sales, new auto loans from Krungsri Auto, the country’s largest auto loan provider, will grow only 0.4% year-on-year in 2024, says Congsin Congcar, the head of Krungsri Auto Group.
PM announces debt-relief measures for civil servants, state-owned enterprises and government organisations at 10:30am.
