BAAC to keep lid on NPL ratio at 4% of total loans : The Bank for Agriculture and Agricultural Cooperatives (BAAC) aims to limit its non-performing loan (NPL) ratio, keeping it from exceeding 4% of total outstanding loans through debt restructuring measures. Bangkok Post
Fair trade body green lights CP’s Tesco buyout : The Trade Competition Commission (TCC) has ruled in favour of the CP-Tesco acquisition deal but imposed certain conditions, including a threeyear ban on an acquisition in the same sector, in a bid to cushion any impacts that the transaction may cause. Bangkok Post
PPRP won’t agree to change to monarchy : Party confirms it backs charter review. The ruling Palang Pracharath Party (PPRP) has declared it will not support any charter amendment proposals seeking to revise provisions relating to the monarchy. Bangkok Post
EEC target invigorated : B1.7tn investment getting bolstered. The Eastern Economic Corridor (EEC) Office plans to increase its investment of 1.7 trillion baht in targeted industries as global trade and investment are expected to rebound with US president-elect Joe Biden’s rise to power. Bangkok Post
Tesco deal bodes ill for business : Trade commissioners raise objections. The controversial acquisition of Tesco by CP Group could leave lasting damage on the economy, several trade commissioners have warned. Bangkok Post
Bank of Thailand allows banks to resume dividend payment this year, but payout must not exceed last year’s payout and 50% of this year’s net profit, while share repurchase are still banned. Average dividend payout ratio for the system last year was 40%. DVD policy for coming years will be decided later.
Association of Thai Travel Agents (Atta) urges government to lure Chinese tourists from low-risk areas by January under the travel bubble scheme, forgoing a 14-day quarantine, targeting 300K per month, and Bt15b in spending.
Giant free-trade deal close : China, 14 Asian nations to ink RCEP. Fifteen Asia-Pacific nations including China aim to clinch the world’s largest free-trade agreement this weekend, the culmination of Beijing’s decade-long quest for greater economic integration with a region that encompasses nearly a third of the global gross domestic product. Bangkok Post
BoT to consider dividend payments : Measure to cover 2021 and 2022. The Bank of Thailand plans to assess on a yearly basis whether to allow SET-listed financial institutions to undertake dividend payments and stock buybacks for 2021 and 2022. Bangkok Post
Glum outlook for salary rise: Salary increases in Thailand dipped below 5% for the first time in 10 years to 3.7% in 2020, while salaries next year are expected to rise 5%, according to a survey by Mercer Thailand. Bangkok Post