Showing 1 - 10 of 552
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.
SCB CIO sees LTF benefits as steadying market influence
Business, Nareerat Wiriyapong, Published on 31/05/2024
» SCB Chief Investment Office (CIO) believes reinstating long-term equity funds (LTFs) to promote long-term savings would help reduce volatility from short selling and curb capital outflow, bringing in net inflow of 40-50 billion baht to the Thai stock market.
Officer guilty of embezzling bail money
News, Published on 31/05/2024
» A police captain was sentenced to 50 years in prison yesterday for embezzling money placed with a police station as bail surety on several occasions, according to the Central Criminal Court for Corruption and Misconduct Cases.
The lasting legacy of Abenomics
Oped, Koichi Hamada, Published on 31/05/2024
» After the 1985 Plaza Accord pushed the yen's exchange rate sharply upwards, Japan's economy suffered a severe slowdown that proved mightily difficult to reverse. In fact, the only prime minister to oversee a period of consistent growth and high employment in the past three decades was Shinzo Abe, during his second term, which began in 2012.
Credit bureau chief clarifies changes to blacklist rules
Business, Somruedi Banchongduang, Published on 31/05/2024
» The National Credit Bureau (NCB) says it has the authority to reduce the time bad debtors remain on its credit blacklist, currently eight years, with the decision resting with the Committee for the Protection of Credit Information.
Being protectionist and world leader isn't possible
News, Published on 31/05/2024
» President Joe Biden likes to call the United States "the indispensable nation". By that, he means that America is the only power simultaneously mighty and benevolent enough to preserve whatever is left of a liberal order -- one in which rules and multilateral institutions govern, among other things, a system of relatively free international finance and trade.