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BUSINESS

CIMBT projects 1% dip in exports next year

Business, Somruedi Banchongduang, Published on 07/12/2022

» CIMB Thai Bank (CIMBT) predicts exports will contract 1% next year, suffering from a global slowdown and fears of a recession in key global economies.

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BUSINESS

EIC downgrades growth forecast for 2023

Business, Somruedi Banchongduang, Published on 29/11/2022

» The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies.

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BUSINESS

KBank foresees stronger baht next year

Business, Somruedi Banchongduang, Published on 25/11/2022

» Kasikornbank (KBank) believes the baht will strengthen next year, dependent on internal factors after the US Federal Reserve eases its policy rate hikes.

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BUSINESS

Banks report dip in NPL ratios

Business, Somruedi Banchongduang, Published on 22/11/2022

» Banks posted lower non-performing loan (NPL) ratios in the third quarter this year thanks to the economic recovery and appropriate risk management under their debt relief programmes.

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BUSINESS

AutoX eyes rapid ascent for car title loans

Business, Somruedi Banchongduang, Published on 16/11/2022

» AutoX Co Ltd, a new player in the car title loan market, aims to be among the top three in the sector with 70 billion baht in loans outstanding in three years.

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BUSINESS

Treading a familiar path to super-app status

Business, Somruedi Banchongduang, Published on 12/11/2022

» Robinhood, the Thai on-demand service application, has set an ambitious target to become a regional platform in the near future.

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BUSINESS

LH Bank rebrands M Choice app

Business, Somruedi Banchongduang, Published on 11/11/2022

» Land and Houses Bank Plc (LH Bank) is upgrading and plans to rebrand its existing mobile banking application to offer a full range of services.

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BUSINESS

Tisco expects to beat full-year loan growth target of 5%

Business, Somruedi Banchongduang, Published on 08/11/2022

» Tisco Bank expects total loan growth for 2022 to exceed its 5% full-year target after booking credit expansion of 5% for the first nine months amid economic recovery.

BUSINESS

BBL eager to maintain international loan ratio

Business, Somruedi Banchongduang, Published on 07/11/2022

» Bangkok Bank (BBL) plans to maintain the loan proportion of its international banking business at the existing level of 24-25% of total loans for the next few years, despite the high growth potential of regional markets.

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BUSINESS

Bank of Thailand still upbeat despite headwinds

Business, Somruedi Banchongduang, Published on 03/11/2022

» The Thai economy will face more challenges next year amid global uncertainties, but its recovery remains on track, according to a Bank of Thailand (BoT) executive.