Showing 1 - 10 of 2,196
KBank touts shift towards riskier investments
Somruedi Banchongduang, Published on 02/10/2024
» Kasikornbank (KBank) is encouraging its high net worth depositors to shift towards portfolio investments in pursuit of better returns as interest rates begin a downward cycle.
Pushing banks towards green finance
News, Sarinee Achavanuntakul, Published on 02/10/2024
» In an earlier article in this space, I mentioned that "the Bank of Thailand should integrate [Thailand] taxonomy into its reporting and disclosure regulations for the financial sector, as the EU has done, because the public scrutiny of activities in the banking sector can and should be part of the learning process on the journey towards greener finance".
KBank keeps vow to customers
Business, Somruedi Banchongduang, Published on 28/09/2024
» Despite abundant challenges, Kasikornbank (KBank), Thailand's third-largest lender by total assets, remains committed to supporting vulnerable clients in managing their debt throughout the lifetime of their loans.
Bank of Thailand keeping an eye on rising baht
Business, Somruedi Banchongduang, Published on 26/09/2024
» The Bank of Thailand insists it is committed to managing the baht's appreciation against the US dollar, with a view to easing its impact on the real economy.
Auto sector reels from falling orders, soaring household debt
Reuters, Published on 25/09/2024
» Thailand's US$53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives.
Trio of consortiums tipped as 'favourites' in hunt for licences
Business, Nuntawun Polkuamdee, Published on 24/09/2024
» The KTB-GULF-ADVANC-OR, SEA-BBL-VGI-Thailand Post and SCB-WeBank-KakaoBank consortiums are the applicants most likely to win one of the Bank of Thailand's virtual bank (VB) licences given their strengths in terms of capital, technology and a large customer base, says Yuanta Securities.
Siam Piwat joins with WWD to host Global Fashion Spotlight
Published on 20/09/2024
» Siam Piwat Group – a leading real estate and retail business developer, and the owner and operator of world-renowned projects such as Siam Paragon, Siam Center, and Siam Discovery, as well as a joint owner of ICONSIAM and Siam Premium Outlets Bangkok – is reinforcing its position as a frontrunner in global destination development and fashion and luxury retail. This is achieved through collaboration with global partners and major media in the fashion industry, including globally recognised leader in fashion news Women’s Wear Daily (WWD), industry experts, and operators of leading global brands, as well as KASIKORNBANK. Together, they will host the WWD x Siam Piwat Global Fashion Spotlight on Friday, 4th October 2024. This will be the first event in Southeast Asia to bring together thought leaders and influencers across the fashion industry and showcase the potential of Thailand’s fashion industry, with the goal of elevating the country into one of the world’s fashion hubs.
Thailand’s Fashion Future Unveiled at BIFW2024
Published on 20/09/2024
» As Thailand’s iconic destinations, Siam Paragon, Siam Center, and Siam Discovery have continuously played a key role as cornerstones of the Thai fashion industry and driving forces within the country’s fashion ecosystem. In 2024, the three destinations are spotlighting Thailand as Asia’s major fashion hub with “Siam Paragon Bangkok International Fashion Week 2024” (BIFW2024), the country’s most revered fashion week and a platform of opportunity. Save the date for this fashion extravaganza from 2-6 October 2024, when Parc Paragon at Siam Paragon transforms into a vibrant fashion scene under the theme “Envision the Future.”
Channels of kindness for flood victims
Life, Arusa Pisuthipan, Published on 16/09/2024
» Villagers in Chiang Rai are experiencing flooding that has so far affected over 9,000 families. Many people, particularly in Mae Sai district, are stranded in their homes awaiting help from rescue officers. Meanwhile, floods and landslides are also wreaking havoc in other northern provinces, not to mention the neighbouring countries of Myanmar, Laos and Vietnam. In Chiang Mai, several people have been injured or are missing while many areas in Nan are also currently under water. The floods in Nan are reportedly the worst in 100 years. Several organisations — public, private and foundations — have joined forces to provide relief for flood-affected victims in all areas. To help out, Life has compiled a list of places where people can donate necessities or provide financial aid.
Vayupak Fund offering starts soon
Business, Nuntawun Polkuamdee, Published on 10/09/2024
» The Vayupak Fund, a state investment fund, will be offered for public subscription next week, with an annual guaranteed return of 3-9% over its 10-year tenure, and will start investing in the Stock Exchange of Thailand (SET) on Oct 1.