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LIFE

Digital banking shift picks up

Business, Backbase, Published on 19/05/2020

» Digital banking in Asia-Pacific is poised to be adopted widely with more than 60% of customers willing to switch to "neobanks" and other challengers in the next five years, according to a report by the digital banking platform specialist Backbase and IDC.

BUSINESS

NESDC predicts 5-6% contraction

Business, Chatrudee Theparat, Published on 19/05/2020

» The state planning unit, the National Economic and Social Development Council (NESDC), has cut its economic forecast to a contraction of 5-6% this year, down from the 1.5-2.5% growth projection made on Feb 17.

BUSINESS

TAT 'trusted' rebranding curates market

Business, Narumon Kasemsuk & Dusida Worrachaddejchai, Published on 19/05/2020

» Thailand plans to rebrand tourism in the post-coronavirus era to "Amazing Trusted Thailand", aimed at selective markets and destinations in the country that can guarantee health and safety standards for both tourists and locals.

BUSINESS

Putting a lid on the virus

Business, William Hicks, Published on 19/05/2020

» While nearly all sectors of the economy are struggling amid the Covid-19 crisis, consumer goods multinational Reckitt Benckiser, the makers of Dettol disinfectants, are claiming a foothold on social responsibility.

BUSINESS

Mall operators seek to recoup sales losses

Business, Pitsinee Jitpleecheep, Published on 19/05/2020

» A group of mall operators has called on the government for remedy, citing losses of almost 15 billion baht worth of sales revenue during forced closure between March 22 to May 17.

BUSINESS

Commercial banks' NPLs hit 9-year high at end of March

Business, Oranan Paweewun, Published on 19/05/2020

» Local commercial banks' non-performing loans (NPLs) climbed to a nine-year high at 3.05% of loans outstanding at the end of March, with consumer bad loans outpacing commercial NPLs for the first time in four years.

BUSINESS

Origin keeps presales, revenue targets

Business, Kanana Katharangsiporn, Published on 20/05/2020

» As most of its new projects launched this year will be low-rise houses, SET-listed developer Origin Property Plc is maintaining the same presales and revenue targets for this year.

BUSINESS

Melamine spun off to Srithai subsidiary

Business, Pitsinee Jitpleecheep, Published on 20/05/2020

» SET-listed melamine maker Srithai Superware has spun off its melamine business as part of a strategy to focus on profit-making businesses this year and survive the impact of the coronavirus pandemic.

BUSINESS

Rules for auditing firms scrutinised

Business, Nuntawun Polkuamdee, Published on 20/05/2020

» The Securities and Exchange Commission (SEC) is considering amending Article 61 of the Securities and Exchange Act to beef up the regulatory process to supervise and penalise auditing firms and auditors to ensure fairness for capital market stakeholders.

BUSINESS

Broadband lifts True's Q1 revenue

Business, Published on 20/05/2020

» Telecom giant True Group reported first-quarter service revenue of 26.6 billion baht, up 3% from the same period a year earlier, supported by firm earnings from mobile and fixed internet broadband services.