Showing 1 - 10 of 12
Business, Published on 21/09/2024
» The Bank of Thailand is maintaining its policy of initially granting only three virtual bank licences, despite receiving a large number of applications from interested operators.
Published on 19/09/2024
» Competition for new virtual bank licences has intensified, with five major business groups confirming their intentions prior to the deadline for submissions on Thursday.
Business, Somruedi Banchongduang, Published on 17/09/2024
» SCB EIC, the research centre under Siam Commercial Bank (SCB), says the government should establish a national asset management company (AMC) to prepare for a potential increase in non-performing loans (NPLs) within the banking industry.
Business, Post Reporters, Published on 09/09/2024
» As a new government takes over, the Thai economy has handled significant volatility during the past 12 months, driven by both internal and external challenges.
Business, Somruedi Banchongduang, Published on 04/09/2024
» Siam Commercial Bank (SCB) expects the Bank of Thailand will begin cutting its policy rate later this year, with additional reductions likely continuing into early next year.
Published on 28/08/2024
» Dr. Yunyong Thaicharoen (2nd from left), Senior Executive Vice President and Chief Wealth Banking Officer at Siam Commercial Bank, along with Mr. Komkrit Kietduriyakul (2nd from right), Director and partner specialising in banking and capital market practices at Baker & McKenzie Co., Ltd., have announced a strategic collaboration. This partnership aims to provide SCB WEALTH clients with expert legal and tax advisory services related to family asset and inheritance management, establishing holding companies, drafting family constitutions, and structuring family businesses. The objective is to ensure that inheritance asset management is conducted in a manner that promotes stability and sustainability across generations. The event was also attended by Mr. Sornchai Suneta, CFA (far left), First Executive Vice President of the Investment Office and Product Function, Wealth Banking Group at Siam Commercial Bank, and Ms. Benja Supannakul (far right), Director and partner specialising in banking and capital market practices at Baker & McKenzie Co., Ltd. The announcement took place recently at Siam Commercial Bank’s Head Office.
Business, Nareerat Wiriyapong, Published on 30/07/2024
» A high level of non-performing loans (NPLs), slow loan growth and rising household debt will continue to pressure banks until the first half of next year as a reduction in consumer purchasing power and rising living costs will affect not only small businesses but also large companies, analysts say.
Somruedi Banchongduang, Published on 23/07/2024
» The 10 SET-listed banks reported a combined net profit of 126.4 billion baht for the first half of this year, marking a 3.7% increase year-on-year. This growth was primarily driven by large banks, while smaller banks experienced a decline in earnings.
Published on 22/07/2024
» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.
Business, Nuntawun Polkuamdee, Published on 18/07/2024
» The Association of Investment Management Companies (AIMC) has resolved to place Energy Absolute (EA) bonds on the restricted list which limits transactions and prohibits additional investment until there is clarity about the company's future propsects.