Showing 1 - 10 of 51
Asian shares ease back on profit-taking
Business, Published on 22/06/2024
» RECAP: Asian shares ended the week with a whimper after a recent rally to 26-month highs drew profit-taking, while the relentless strength in the US dollar pushed the Japanese yen towards the intervention zone.
Leadership call
Oped, Postbag, Published on 22/06/2024
» Re: "I'm not certain whether the conflicts (at the Royal Thai Police) will ever be solved", (InQuote, June 21) and "RTP probe lacks results", (Editorial, June 21).
Tiny Singapore sees sudden frenzy in deals worldwide
Bloomberg News, Published on 21/06/2024
» SINGAPORE - Singapore has turned into a hive of activity for mergers and acquisitions this quarter as investor confidence returns, helped by the relative economic and political stability of the island nation nestled in Southeast Asia.
Fitch slashes assessment for banking sector to neutral
Business, Somruedi Banchongduang, Published on 21/06/2024
» Fitch Ratings has downgraded the outlook for the Thai banking sector to neutral from improving, citing a subdued pace of economic recovery that is likely to constrain earnings growth.
Singapore says banks pose highest laundering risk
Published on 20/06/2024
» SINGAPORE - The banking sector in Singapore, including wealth management, poses the highest money laundering risk in the city-state, the government said in a risk assessment report published on Thursday.
Hong Kong's WeLab eyes Southeast Asia digital banks
South China Morning Post, Published on 20/06/2024
» HONG KONG - WeLab, a Hong Kong-based fintech unicorn backed by billionaire Li Ka-shing, is exploring the idea of setting up digital banks across Southeast Asia and providing its technology services to conglomerates in Malaysia, Vietnam, Thailand and the Philippines.
SCB EIC predicts fragile conditions for lending
Business, Somruedi Banchongduang, Published on 20/06/2024
» SCB EIC, a research centre under Siam Commercial Bank, anticipates increased fragility in the household and business sectors, which combined with the Bank of Thailand's responsible lending practices will pressure loan growth in the banking industry over the next few years.
Central bank renews case to limit digital wallet scheme
Bloomberg News, Published on 19/06/2024
» The Bank of Thailand (BoT) remains firm in its opposition to a government plan to give 500 billion baht in cash to almost all its adult citizens to revitalise consumption activity, saying the prudent thing would be to limit assistance to the needy.
Tourism to steer CPN's H2 results
Molpasorn Shoowong, Published on 18/06/2024
» Retail and property developer Central Pattana Plc (CPN), the operator of Central malls, is banking on a tourism rebound to strengthen retail performance in the second half, especially in major cities.
Central bank unfazed by factory closures
Business, Somruedi Banchongduang, Published on 18/06/2024
» The Bank of Thailand says new business registrations still outnumber factory and business closures, with no adverse impact yet on the country's employment figures.