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BUSINESS

A new threat on the banking horizon

Business, Somruedi Banchongduang, Published on 14/07/2023

» The Bank of Thailand warns that online financial fraud is increasing as criminals turn to false base stations.

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BUSINESS

Volatile politics set to hit economy

Business, Somruedi Banchongduang, Published on 12/07/2023

» Kasikorn Research Center (K-Research) expects the domestic political situation to be a key factor affecting the Thai economy in the second half of this year.

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BUSINESS

Hire-purchase lenders call for rate hike

Business, Somruedi Banchongduang, Published on 11/07/2023

» The Thai Hire-Purchase Association (THPA) has asked the Office of the Consumer Protection Board (OCPB) to increase the maximum interest rate for hire-purchase loans as the business is being affected by rising rates.

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BUSINESS

Man with a mission

Business, Somruedi Banchongduang, Published on 08/07/2023

» Household debt should be a national agenda item and legal support is required to manage the problem comprehensively, says Piti Tantakasem, chief executive of TMBThanachart Bank (ttb), in an exclusive interview with the Bangkok Post.

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BUSINESS

SCB X says virtual bank will meet BoT's requirements

Business, Somruedi Banchongduang, Published on 08/07/2023

» SCB X, the financial technology conglomerate and holding company of Siam Commercial Bank (SCB), believes its planned virtual bank will comply with the central bank's requirements amid competition for the new banking licence.

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BUSINESS

Krungsri anticipates uptick in baht volatility

Business, Somruedi Banchongduang, Published on 07/07/2023

» Bank of Ayudhya, which markets itself as Krungsri, predicts the baht will be more volatile amid several uncertainties both internal and external.

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BUSINESS

Heng to maintain rates through 2024

Business, Somruedi Banchongduang, Published on 06/07/2023

» Heng Leasing and Capital Plc expects to maintain its maximum interest rate through next year even as the central bank raises rates because of the company's loan portfolio adjustment.

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BUSINESS

BoT considers rate cuts amid debt crisis

Business, Somruedi Banchongduang, Published on 06/07/2023

» The Bank of Thailand is mulling cutting interest rates to help people struggling with debt to exit from a pernicious cycle, says a central bank executive.

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BUSINESS

Central bank aims to tackle debt crisis

Business, Somruedi Banchongduang, Published on 04/07/2023

» The Bank of Thailand aims to cut persistent debt in order to reduce the burden of households and help consumers exit from the debt cycle faster.

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BUSINESS

Q1 household debt hits B16tn

Business, Somruedi Banchongduang, Published on 01/07/2023

» Household debt in the first quarter this year soared to 16 trillion baht, accounting for 90.6% of GDP, attributed to increases in debt as well as the redefinition of national household debt, says Sakkapop Panyanukul, the Bank of Thailand's senior director of the economic and policy department.