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Search Result for “$3 million”

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THAILAND

Post forum tackles banking digitisation

News, Somruedi Banchongduang, Published on 03/10/2023

» Digitisation would catalyse Thai economic growth and increase efficiency in the banking sector, says chief of Citibank Thailand.

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THAILAND

BoT warns dust will soon hit tourism

Business, Somruedi Banchongduang, Published on 01/02/2019

» Even though the persistent toxic haze caused by ultra-fine dust particles shrouding Bangkok and its vicinity has not yet taken a toll on the tourism sector, an impact is inevitable if the pollution is prolonged, says a senior official at the central bank.

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THAILAND

Bangkok Bank predicts digital normal

Business, Somruedi Banchongduang, Published on 03/12/2018

» Bangkok Bank (BBL) expects most basic banking transactions to be made over the digital channel within the next three years.

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THAILAND

Half of Thais can't carry on financially after retirement

Business, Somruedi Banchongduang, Published on 18/07/2017

» Half of the Thai population does not have enough savings for a comfortable post-retirement life as they are mired in high debt -- an alarming sign as the country moves towards an ageing society.

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THAILAND

KBank: Inheritance tax advisory demand growing

Business, Somruedi Banchongduang, Published on 03/07/2017

» The government's implementation of the inheritance tax and its plan to impose new asset-based taxes have boosted demand for tax advisory services from the well-off, says a Kasikornbank (KBank) executive.

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THAILAND

SAM arranging debt collection unit

Business, Somruedi Banchongduang, Published on 19/04/2017

» Sukhumvit Asset Management (SAM), a wholly owned bad-asset management firm under the Financial Institutions Development Fund, is seeking central bank approval to dip its toes into debt collection service for consumer loans.

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THAILAND

PromptPay C2C transfer imminent

Business, Somruedi Banchongduang, Published on 23/01/2017

» PromptPay's consumer-to-consumer (C2C) electronic fund transfer service under the national e-payment scheme will kick off on Friday, after being pushed back days before its first big scheduled launch in October of last year.

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THAILAND

All set for PromptPay

Business, Somruedi Banchongduang, Published on 28/12/2016

» After the lengthy testing process of PromptPay's consumer-to-consumer (C2C) service, a major bid to turn Thailand into digital payment mode, the money transfer service has been pushed back to further ensure its accuracy, stability and security. Originally slated for roll-out at the end of October, Predee Daochai, chairman of the Thai Bankers' Association (TBA), has confirmed that it is now scheduled for the first quarter of 2017.

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THAILAND

Chip bank cards the rule in 2019

Business, Somruedi Banchongduang, Published on 05/05/2016

» Some 60 million magnetic-stripe ATM and debit cards issued by local commercial banks and circulating in the market will be upgraded to chip-embedded cards by the end of 2019, says a senior central bank official.