Showing 1 - 10 of 57
BAM eager to keep lead in distressed assets sector
Business, Somruedi Banchongduang, Published on 18/05/2024
» Bangkok Commercial Asset Management (BAM), Thailand's largest asset management company, set an ambitious goal for bad asset management over the next few years in a bid to address the burden of distressed debts within the banking industry.
Currency nosedives amid more seasonal fluctuations
Business, Somruedi Banchongduang, Published on 23/03/2024
» The baht plunged against the US dollar on Friday, primarily influenced by external factors, with seasonal fluctuations expected to exert continued pressure on the local currency, potentially weakening to 37 per dollar during the second quarter.
Baht set to rise next week
Business, Somruedi Banchongduang, Published on 18/11/2023
» The baht is expected to rise to 35 to the US dollar next week as the greenback weakens after investors forecast an end to Federal Reserve rate hikes.
BoT okays 3 virtual bank licences
Somruedi Banchongduang, Published on 20/07/2023
» The Bank of Thailand has decided to grant only three virtual bank licences initially, saying the number is suitable to ensure stability of the local financial market and protect depositors from risk associated with new businesses.
Hire-purchase lenders call for rate hike
Business, Somruedi Banchongduang, Published on 11/07/2023
» The Thai Hire-Purchase Association (THPA) has asked the Office of the Consumer Protection Board (OCPB) to increase the maximum interest rate for hire-purchase loans as the business is being affected by rising rates.
Mobile banking security rules toughened
Business, Somruedi Banchongduang, Published on 10/03/2023
» Biometric scans will be required for high-value mobile banking transactions as part of measures to protect consumers from cyber-risks, according to the Bank of Thailand.
CIMBT eyes 20% gain for digital
Business, Somruedi Banchongduang, Published on 02/03/2023
» CIMB Thai Bank (CIMBT) targets growing its digital banking business by 20% this year in terms of users and transactions, driven by increasing digital adoption in Thailand.
Minimum wage hike seen reducing poverty
Business, Somruedi Banchongduang, Published on 20/09/2022
» Krungthai Compass, a research unit under Krungthai Bank, expects the minimum wage increase to reduce the number of poor workers, improve their income, and broadly support long-term Thai economic growth.
Banks to refund victims of scam
Business, Somruedi Banchongduang, Published on 20/10/2021
» Banks have confirmed they will pay back money to victims of unauthorised online withdrawals of cash debited via plastic bank cards after a spate of unauthorised online transactions.
Branches ordered closed in 13 provinces
Business, Somruedi Banchongduang, Published on 20/07/2021
» The Thai Bankers' Association (TBA) yesterday announced the temporary closure of physical branches of commercial banks located in department stores, shopping centres and community malls in 13 provinces, in line with the government's tightening restrictions to contain the Covid-19 outbreak.