Day: February 6, 2017

KBank seeks to keep a lid on bad loans

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Kasikornbank (KBank), the country’s largest commercial lender for small and medium-sized enterprises (SMEs), aims to keep its bad-loan ratio for SME loans at a maximum of 5.1%, which it recorded at the end of last year. It further aims for 4-6% loan growth in 2017. The bank will continue monitoring the agricultural sector this year …

FPO raises growth forecast for GDP

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The Fiscal Policy Office (FPO) has painted a brighter outlook for the economy this year, raising its GDP growth forecast to 3.6% but marginally cutting its estimate for last year to 3.2%. Contributing to this year’s better economic growth will be an acceleration in state spending, higher farm income in line with rising commodity prices, …

U.S. economy adds a strong 227,000 jobs in January

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The U.S. economy picked up in 2017 right where it left off in 2016. America added 227,000 jobs in January, well ahead of December’s gain of 157,000 jobs. The unemployment rate ticked up a bit to 4.8%. More Americans started looking for work again — a good sign — which explains the small increase in …