Showing 1 - 10 of 557
Auto loan rejections could hit 40%
Published on 31/05/2024
» The auto loan rejection rate is expected to total 30-40% of applications this year, mirroring the rates from last year, given ongoing concern over non-performing loans among lenders in the financial sector, says the Federation of Thai Industries (FTI).
UOB Thailand launches industry-first Sustainability Compass to support SMEs
Published on 31/05/2024
» UOB Thailand has introduced the UOB Sustainability Compass, an industry-first tool designed to assist small and medium size enterprises (SMEs) in overcoming the barriers to starting their sustainability journey. This innovative tool provides SMEs with a customised report that outlines a roadmap for becoming a sustainable business, offering clear actionable next steps.
Investors from 3 nations eye land bridge project
Supoj Wancharoen, Published on 31/05/2024
» Major companies from China, Japan and the Netherlands took part in a market sounding event Thursday for Thailand’s 1-trillion-baht Land Bridge megaproject, a source said on Friday.
Japan has spent $62bn defending yen
Published on 31/05/2024
» Japan spent a record ¥9.8 trillion ($62.2 billion) in the past month to prop up the yen after it fell to a 34-year low against the US dollar, surpassing the amount it used in 2022 to defend the currency.
More than 200 arrested in Phuket nominee crackdown
Wassayos Ngamkham, Published on 31/05/2024
» Ninety-eight foreign nationals, mostly Russians, were among 231 suspects arrested during a crackdown on nominee businesses in Phuket, with assets worth over 1.5 billion baht seized.
GSB and BAM Form 1 Billion Baht Debt Relief Venture
Published on 31/05/2024
» Government Savings Bank (GSB) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture, ARI Asset Management Co., Ltd. (ARI-AMC), with a capital investment of 1 billion baht. ARI-AMC will purchase and transfer non-performing loans (NPLs) from GSB over the course of three quarters in the fiscal year 2024, providing assistance to over 500,000 accounts of small and medium-sized enterprise (SME) debtors and credit card debtors.
Political turmoil could put handout at risk, say analysts
Published on 31/05/2024
» Rising political uncertainty poses significant risks to Prime Minister Srettha Thavisin’s plan for a 500-billion-baht digital wallet handout to stimulate the economy, say analysts at Citigroup and Nomura Holdings.
Current account deficit of $40m reported
Reuters, Published on 31/05/2024
» Thailand's economic growth quickened in April helped by strength in domestic demand, exports and tourism, the central bank said on Friday.
Singapore wealth flows face renewed scrutiny in superhacker case
Bloomberg News, Published on 31/05/2024
» SINGAPORE- Before he was arrested this month for allegedly running what is likely the world's largest cybercrime computer network, Wang Yunhe enjoyed a lavish lifestyle in Singapore.
AWS to launch data centre region early next year
Business, Suchit Leesa-nguansuk, Published on 31/05/2024
» Amazon Web Services (AWS), the cloud computing arm of Amazon, is ready to launch its new data centre region in Thailand by early next year as part of a commitment announced in 2022.