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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

BoT: Labour to curb GDP

Business, Somruedi Banchongduang, Published on 16/08/2018

» The Bank of Thailand forecasts that Thailand's ageing demography will dampen the country's annual GDP growth by 1.5 percentage points over the next 10 years. Thailand's labour growth rate averaged 5% over the past 10 years, but such growth is expected to decline to 3.5% a year in the next decade, said Don Nakornthab, senior director of the economic and policy department.

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THAILAND

The dawn of digital banking

Spectrum, Somruedi Banchongduang, Published on 22/04/2018

» When out at any shopping mall, it's common for consumers to use anything from credit cards to e-wallets when making purchases nowadays. But when it comes to traditional markets, or talat nat, found faraway from these commercial venues, it's only been recently that one can catch sight of these types of transactions taking place.

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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.