thai central bank

Thai Central Bank Cuts Rate to 1.25% Amid Growth Fears

BANGKOK — The Bank of Thailand (BOT) reduced its benchmark interest rate by a quarter of a percentage point on Wednesday, moving to a more accommodative monetary stance in response to a slowing economy and heightened external risks. The unanimous decision by the Monetary Policy Committee (MPC) lowers the policy rate from 1.50% to 1.25%, effective immediately.

Thai Baht Hits Four-Year High, Intensifying Pressure on Central Bank

The committee stated the cut was necessary to ensure financial conditions support a fragile recovery and to ease the debt-servicing burden for vulnerable households. The central bank noted that the easing would also enhance the effectiveness of existing government financial measures.

In a downward revision of its economic forecasts, the BOT now projects gross domestic product (GDP) growth of 2.2% for 2025, followed by a sharper deceleration to 1.5% in 2026 before a modest recovery to 2.3% in 2027. The bank pointed to a persistent manufacturing slump and a decline in short-haul tourist arrivals as major factors dampening activity in the second half of this year.

Bank of Thailand signaling interest rates hike

Recent natural disasters have added to the economic pressure, with severe flooding in Southern Thailand expected to suppress activity into early next year. For 2026, the central bank warned that private consumption is likely to weaken as household incomes soften, while the export sector faces ongoing risks from potential new U.S. trade tariffs. The rate cut reflects the bank’s proactive move to mitigate these mounting headwinds.

-Thailand News (TN)

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    PHA Kurri Road crisis: 2023 promise still unfulfil…

    Islamabad: A three year old promise to build an important access road for the PHA Officers Residencia Kurri Road has still not been fulfilled, leaving residents dependent on a narrow 12 foot road and a small bridge where rainwater can overflow and enter nearby homes. The Senate Standing Committee on Housing and Works has now given the Capital Development Authority a fresh deadline of three months to build the 400 metre access road, after officials were confronted over why a commitment made in 2023 had not been implemented. The issue became heated during the committee meeting when the PHA Kurri Road representative told senators that the CDA had given a written commitment in May 2023 to construct a dual 100 foot wide road extending towards the Head Start School. Three years have passed since that commitment, but the road has not been built. The PHA representative further told the committee that the CDA later informed the court in writing that the road would be constructed within five months. That promise also remained unfulfilled. According to the briefing, the existing road is only about 12 feet wide, and a small bridge along the route creates another serious problem during heavy rain. Water can overflow onto the bridge and, when wood and other material become trapped, the water flow can be blocked and pushed towards nearby houses. The committee chairman Senator Nasir Mehmood questioned the CDA representative about why the authority had not acted on its own written commitment. The CDA Member Planning and Finance, Muhammad Umair, said the authority’s rules required the sponsors of a housing scheme to provide a 100 foot wide access approach. He described the matter as disputed but said the road was about 400 metres long and that the authority could review the issue and work towards a final decision. The committee was not satisfied with the explanation. The chairman ordered the CDA to construct the road within three months and provide the committee with a written commitment. The chairman also made it clear that the committee would return to the CDA after three months to check whether the road had actually been built. The dispute became more serious when the Secretary Housing challenged the CDA’s interpretation of its own rules. He argued that the road existed before the PHA scheme and therefore represented the CDA’s existing right of way. He said that if there had been no road at all before the housing scheme was developed, PHA would have been responsible for acquiring land and constructing one. But, he argued, this was an existing CDA road. The Secretary Housing also pointed out that the road leads towards a Head Start School used daily by children and their parents. He told the CDA that even if the authority did not want to build the road for PHA, it should consider the needs of the school and the families using the route. He described the required road as only 400 metres long. The CDA representative also raised the authority’s financial problems. He told the committee that the CDA had a salary bill of about Rs24 billion and faced major financial constraints. He warned that if the CDA began constructing roads on the rights of way of different private societies, other societies could also demand similar work. The chairman rejected the delay and told the CDA that continued explanations could result in another six months passing without any work. He ordered the authority to complete the road within three months and submit its commitment in writing. The road dispute is only one part of a much larger problem at the PHA Officers Residencia Kurri Road project. According to the Housing Secretary’s briefing, residents have been facing nine different issues, including problems involving a community centre, school, commercial shops, streetlights, water supply, encroachment, access roads and the creation of new plots. The representative of PHA Officers Residencia told the committee that many of these problems had remained unresolved for about 10 years. The Housing Secretary personally visited the project despite heavy rains and examined the problems. On the community centre, the Housing Ministry said there was no major obstacle to providing the required plot once the terms and conditions were agreed. A school plot is also being processed. The ministry said documents had been prepared and a party would be brought in to operate a primary school at the site because a Head Start facility already exists nearby. The commercial shops in Block C also faced a problem because no buyers came forward at the offered price. The Housing Secretary said the price would be revised, and the shops would be put up for auction again. Streetlights remain another concern, with the ministry acknowledging financial problems but saying repairs would be carried out. Water supply is also being tested. Under the arrangement explained to the committee, the contractor will operate the tube well for two weeks. If water reaches the houses properly, the system will be taken over. Any leakage found during the process will have to be repaired by the contractor. The ministry expects this process to be completed within one month. The project also has a nine kanal illegal encroachment issue, but that matter is currently before the court. Another major issue involves proposals to create new plots in green areas. PHA needs money to clear its liabilities, but the Housing Secretary said there was no desire to sell green areas simply to raise funds. Instead, he said his team would sit with PHA officials and find another way to clear the liabilities while protecting the green space. The committee also discussed who should maintain the housing scheme once it is fully developed. PHA officials said the authority was already paying property tax and conservancy charges but lacked a proper maintenance arrangement for the society. They requested that the CDA take over the scheme so that it would not be left without proper management. The Housing Secretary said government housing schemes are normally maintained by their own

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    Sindh rejects Miftah Ismail’s police recruit…

    Sindh Home and Law Minister Zia-ul-Hassan Lanjar has strongly rejected allegations made by former federal minister Miftah Ismail regarding police recruitment in the province, calling the claims baseless and politically irresponsible. Responding to Miftah Ismail’s statement, Lanjar said President Asif Ali Zardari represents all federating units of Pakistan and should not be portrayed as the representative of a single province, language or ethnic group. He added that the Pakistan Peoples Party (PPP) is a truly federal political party, and attempts to associate the president with a particular region undermine national unity. The provincial minister said all government recruitment in Sindh, particularly in Karachi, is conducted in accordance with established laws, the quota policy and merit. He maintained that the Sindh Police is a professional, impartial institution committed to merit-based recruitment. Lanjar further said the Sindh government does not believe in discrimination on the basis of language, ethnicity, region or community, and remains committed to providing equal opportunities to all citizens. He urged Miftah Ismail, as a senior political leader, to avoid making unsubstantiated allegations or statements that could fuel ethnic divisions. He said that if Miftah possesses evidence regarding any irregularity in police recruitment, he should present it before the relevant legal or administrative forum instead of making general accusations. The Sindh home minister also called on Miftah Ismail to clarify and withdraw what he described as an irresponsible statement that was contrary to the facts.

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    SBP appoints 10 primary dealers for FY27

    KARACHI: The State Bank of Pakistan (SBP) has appointed 10 financial institutions as Primary Dealers (PDs) and two institutions as Special Purpose Primary Dealers (SPDs) for the fiscal year 2026-27. The appointments will strengthen the government’s domestic borrowing programme and support the country’s financial market. The government continues to rely heavily on domestic borrowing to finance its fiscal requirements. In this system, primary dealers play an important role by participating in government debt auctions and helping raise funds through Treasury Bills and Pakistan Investment Bonds. According to the central bank, United Bank Limited (UBL), National Bank of Pakistan (NBP), and Bank Alfalah secured the top three positions among primary dealers during the fiscal year 2025-26. Their rankings were based on overall performance in government securities auctions and market activities. The 10 institutions selected as Primary Dealers for FY2026-27 are United Bank Limited, National Bank of Pakistan, Bank Alfalah, Habib Bank Limited, Habib Metropolitan Bank, MCB Bank, The Bank of Punjab, Pak Oman Investment Company, JS Bank, and Citi Bank NA Pakistan Branch. The State Bank has also appointed the Central Depository Company of Pakistan Limited (CDC) and the National Clearing Company of Pakistan Limited (NCCPL) as Special Purpose Primary Dealers for the new fiscal year. The appointments were made after evaluating applications submitted by financial institutions under the eligibility criteria laid down in the Primary Dealer System Rules. The central bank had invited applications for the new fiscal year through a circular issued earlier this year. Primary dealers are responsible for purchasing government securities directly from the central bank during auctions. They then distribute these securities among commercial banks, financial institutions and other investors. Their participation ensures that government borrowing operations continue without disruption. These institutions also play an important role in the secondary market by providing liquidity and facilitating the buying and selling of government securities. Their presence helps improve market efficiency and contributes to transparent price discovery. The role of primary dealers has become increasingly important as Pakistan continues to depend on domestic sources to meet its financing needs. Through their participation in debt auctions, they help the government raise funds while supporting stability in the country’s financial system.

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    Jennifer Aniston’s changing priorities spark con…

    Jennifer Aniston is reportedly entering a new chapter in her personal life, but not everyone in her inner circle is convinced it is the right move. According to recent reports, the Friends star has been shifting her priorities away from work and placing a greater focus on her personal relationships, a decision that has reportedly prompted concern among some of those closest to her. While Aniston has not publicly addressed the claims, insiders suggest the actress is embracing a slower pace after years of balancing an intense Hollywood career.  A source claimed that Aniston’s priorities have “completely shifted,” with more of her time now dedicated to her relationship with boyfriend Jim Curtis. The report suggests that some friends have advised the actress to “pump the brakes,” expressing concern that she may be making significant life changes too quickly. However, those close to Aniston also acknowledge that she appears genuinely happy and is making decisions she believes are best for her future.  The reported shift comes after Aniston has openly spoken about the importance of achieving a healthier work-life balance. In previous interviews with People, the Emmy-winning actress admitted that she has long considered herself “a bit of a workaholic” and recognized the need to make time for herself after several demanding years. She explained that she has become more intentional about scheduling breaks and protecting her personal time to avoid burnout.  Over the past few years, Aniston has remained one of Hollywood’s busiest stars. In addition to starring in and executive producing Apple TV+’s The Morning Show, she has continued expanding her successful haircare brand, LolaVie, while also pursuing new film and television projects. Her packed schedule has left little room for downtime, making her recent focus on personal happiness understandable.  Despite speculation that her career could take a back seat, there is no indication that Aniston plans to retire from acting. Instead, reports suggest she is simply becoming more selective about the projects she chooses, allowing herself greater flexibility to enjoy life outside of work. Friends and colleagues may have differing opinions about her changing priorities, but Aniston has consistently emphasized that maintaining balance is essential to both her personal well-being and professional success.  Throughout her decades-long career, Aniston has built a reputation as one of Hollywood’s most respected and reliable performers. From her iconic role as Rachel Green on Friends to her award-winning performance in The Morning Show, she has demonstrated remarkable consistency and longevity. That success gives her the freedom to make choices based on fulfillment rather than constant professional ambition. Whether the reported concerns from her inner circle are justified remains unclear, as they are based on anonymous sources rather than public statements from the actress herself. What is evident, however, is that Jennifer Aniston has become increasingly vocal about protecting her peace, valuing meaningful relationships, and creating a healthier balance between work and life. If those priorities continue to shape her future, they may ultimately strengthen both her personal happiness and her enduring career.  Jennifer Aniston is reportedly entering a new chapter in her personal life, but not everyone in her inner circle is convinced it is the right move. According to recent reports, the Friends star has been shifting her priorities away from work and placing a greater focus on her personal relationships, a decision that has reportedly prompted concern among some of those closest to her. While Aniston has not publicly addressed the claims, insiders suggest the actress is embracing a slower pace after years of balancing an intense Hollywood career.  A source claimed that Aniston’s priorities have “completely shifted,” with more of her time now dedicated to her relationship with boyfriend Jim Curtis. The report suggests that some friends have advised the actress to “pump the brakes,” expressing concern that she may be making significant life changes too quickly. However, those close to Aniston also acknowledge that she appears genuinely happy and is making decisions she believes are best for her future.  The reported shift comes after Aniston has openly spoken about the importance of achieving a healthier work-life balance. In previous interviews with People, the Emmy-winning actress admitted that she has long considered herself “a bit of a workaholic” and recognized the need to make time for herself after several demanding years. She explained that she has become more intentional about scheduling breaks and protecting her personal time to avoid burnout.  Over the past few years, Aniston has remained one of Hollywood’s busiest stars. In addition to starring in and executive producing Apple TV+’s The Morning Show, she has continued expanding her successful haircare brand, LolaVie, while also pursuing new film and television projects. Her packed schedule has left little room for downtime, making her recent focus on personal happiness understandable.  Despite speculation that her career could take a back seat, there is no indication that Aniston plans to retire from acting. Instead, reports suggest she is simply becoming more selective about the projects she chooses, allowing herself greater flexibility to enjoy life outside of work. Friends and colleagues may have differing opinions about her changing priorities, but Aniston has consistently emphasized that maintaining balance is essential to both her personal well-being and professional success.  Throughout her decades-long career, Aniston has built a reputation as one of Hollywood’s most respected and reliable performers. From her iconic role as Rachel Green on Friends to her award-winning performance in The Morning Show, she has demonstrated remarkable consistency and longevity. That success gives her the freedom to make choices based on fulfillment rather than constant professional ambition. Whether the reported concerns from her inner circle are justified remains unclear, as they are based on anonymous sources rather than public statements from the actress herself. What is evident, however, is that Jennifer Aniston has become increasingly vocal about protecting her peace, valuing meaningful relationships, and creating a healthier balance between work and life. If those priorities continue to shape her future, they may ultimately strengthen both her personal happiness and her enduring career. 

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    Petrol hits Rs335.18, diesel climbs to Rs383.46

    The federal government has increased the prices of petrol and high-speed diesel (HSD) in its latest fuel price revision. According to an official notification, the price of petrol has been increased by Rs3.66 per litre, while HSD has gone up by Rs4.80 per litre. The new prices will take effect from July 25. After the increase, petrol will cost Rs335.18 per litre, while high-speed diesel will be available at Rs383.46 per litre. The government revised fuel prices after changes in international oil markets. Global crude prices have remained unstable due to tensions in the Persian Gulf. Petrol is mainly used by private vehicles, motorcycles and rickshaws. Any increase directly affects daily commuters and middle-income families by raising transportation costs. High-speed diesel is widely used by trucks, buses, agricultural machinery and power generators. A rise in diesel prices increases freight charges and production costs. This can eventually lead to higher prices of food and other essential goods. The government has also introduced a daily fuel pricing mechanism. Under the new system, fuel prices will be adjusted every day based on international oil prices and market trends instead of weekly revisions. The decision has faced criticism from petroleum dealers. They say daily price changes could create uncertainty for businesses and consumers. Dealer associations have indicated they may announce a protest plan against the new pricing system.

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