Bangkok Bank will cut its fixed-deposit rates by 50 basis points and lending rates by 25 basis points.

Its minimum lending rate (MLR) will fall to 7 per cent. The minimum overdraft rate and minimum retail rate will drop to 7.25 per cent and 7.50 per cent, respectively.

Fixed-deposit rates for three-, six- and 12-month accounts will be cut to a range of 2.25 to 2.5 per cent, depending on the deposit size.

Kasikornbank will cut its fixed-deposit rates by 50 basis points and lending rates by 25 basis points.

Its MLR will fall to 7 per cent. The minimum overdraft rate and minimum retail rate will drop to 7.25 per cent and 7.5 per cent, respectively.

Fixed-deposit rates for three-, six- and 12-month accounts will be cut to a range of 2.25 to 2.5 per cent. Its 24- and 36-month fixed-deposit accounts will carry a flat rate of 2.5 per cent.

Bank of Ayudhya will cut lending rates by 25 basis points and fixed-deposit rates by 25-50 basis points. Its MLR will be 7.25 per cent, while its minimum overdraft rate and minimum retail rate will be 7.75 per cent.

Fixed-deposit rates for three-month, 24-month and 36-month accounts will be 2.5 per cent, while its six-month and 12-month accounts will carry an interest rate in the range of 2.25 to 2.5 per cent.

Krung Thai Bank will cut its fixed-deposit rates by 50 basis points and key lending rates by 25 basis points.

The minimum overdraft rate of Thailand's second-largest bank by assets will fall to 7.25 per cent and the minimum retail rate to 7.5 per cent. Its MLR will be unchanged at 7 per cent.

Fixed-deposit rates for three-, six- and 12-month accounts will be cut to a range of 2.25 to 2.5 per cent. Its 24- and 36-month accounts will carry a flat rate of 2.5 per cent. 

Mass-transit deal

The State Railway of Thailand yesterday inked a deal with Aeronautical Radio of Thailand over the Lat Krabang-Laem Chabang mass-transit project.

Chaisawad Kitipornpaiboon, permanent secretary for the Transport Ministry, said the deal aimed to increase the frequency of shipments.  The agreement is to conduct a survey, to design and to develop logistics management by rail in a bid to increase frequency of routing and transporting goods and products from any part of the country to Laem Chabang Port.

Chaisawad said Aeronautical Radio of Thailand would be the key agency in studying timetable management to have a balance between supply and demand for track usage. "The project will  take about three months, starting from  July," he said.