Showing 1-10 of 17 results
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Private bank says foreign investors upbeat on Thai stocks
Business, Somruedi Banchongduang, Published on 09/02/2023
» Foreign investors hold an optimistic view of Thailand's stock market this year thanks to the country's economic recovery, driven by the tourism sector and China's reopening, says an investment analyst.
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Gulf quashes KBank takeover rumour as stake increases
Business, Somruedi Banchongduang, Published on 26/04/2024
» Gulf Energy Development clarified that it has no plans to take over Kasikornbank (KBank), attributing its recent increased shareholding in the bank solely to its pursuit of investment gains.
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TMB on alert for takeovers
Business, Somruedi Banchongduang, Published on 06/11/2017
» Local banks are keen to jump on the digital bandwagon. But TMB Bank chief executive Boontuck Wungcharoen believes size still matters for the banking business and his company should brace for mergers and acquisitions (M&A) that might happen in the future.
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BAY looks to secure Vietnam toehold
Business, Somruedi Banchongduang, Published on 05/01/2018
» Bank of Ayudhya (BAY) is exploring opportunities in Vietnam's consumer finance market in line with its parent Bank of Tokyo Mitsubishi UFJ's (BTMU) policy to deepen the group's reach in Southeast Asia.
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Scotiabank shelves TBank divestment
Business, Somruedi Banchongduang, Published on 07/09/2016
» Bank of Nova Scotia (Scotiabank), Canada's third largest lender by assets, has shelved plans to sell up to a 49% stake in Thanachart Bank (TBank) because of the fragile global economic recovery, according to a source in the banking circle.
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DUP/BoT okays 3 virtual bank licences
Business, Somruedi Banchongduang, Published on 21/07/2023
» The Bank of Thailand has decided to grant only three virtual bank licences in the first round. The number is suitable to ensure stability of the Thai financial market and protect depositors from any risk of the new banking business, according to the governor of the central bank.
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BoT maintains reserves remain solid
Business, Somruedi Banchongduang, Published on 16/09/2022
» The stronger dollar has weakened the Bank of Thailand's international reserves, but the central bank says the country's external position and financial stability remain strong.
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KBank urges Thai firms to go digital
Business, Somruedi Banchongduang, Published on 25/06/2021
» Kasikornbank (KBank) is urging Thai listed companies to add digital economy businesses under their umbrella to attract investors making long-term investments.
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Thailand sidesteps US watch list
Business, Somruedi Banchongduang, Published on 30/05/2019
» Although Thailand managed to avoid a place on the US watch list for currency manipulation, the Bank of Thailand is still wary on the matter after the US Treasury tightened its criteria, says the central bank's chief.
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Scrapped digital fees to hit banking income
Business, Somruedi Banchongduang, Published on 30/03/2018
» Four large banks and a few smaller ones deciding to eliminate fees for digital banking transactions will deal a blow to the industry's fee-based income, which contributes a big portion, says the chief of the Thai Bankers' Association (TBA).
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