Showing 11 - 20 of 58
Siam Commercial Bank catches the metaverse bug
Bloomberg News, Published on 28/03/2022
» Thailand’s biggest bank by market value has become the latest lender seeking to capitalize on the metaverse craze, with a unit announcing plans to set up a headquarters in a version of the internet that’s still taking shape.
Crypto curbs to ‘ring-fence’ banks from unforeseen risks
Bloomberg News, Published on 24/03/2022
» Thailand, which has banned the use of cryptocurrencies for payments, will restrict the role of commercial banks in the digital-assets business to protect them from unforeseen risks, a central bank official said.
BoT: Banking system strong enough to cope with future risks
Bloomberg News, Published on 22/03/2022
» The country's banking system remains strong enough to handle risks from high uncertainty in future, the Bank of Thailand (BoT) said on Tuesday, responding to S&P's ratings downgrades on some Thai banks on rising systemic risk.
Bitcoin mining entry triggers a 6,700% surge in Thai tech stock
Bloomberg News, Published on 27/12/2021
» A world-beating share rally by a Thai technology company after it unveiled an expansion into Bitcoin mining has surprised even the firm’s chairman.
Crypto exchange Bitkub becomes unicorn, coin surges 200%
Bloomberg News, Published on 03/11/2021
» Bitkub Online Co became Thailand’s latest startup to notch up a valuation of more than $1 billion after it sold a majority stake to the nation’s biggest bank by market value. Bitkub’s coin tripled in value after the deal was announced.
Richest families in SE Asia look for the next unicorn
Bloomberg News, Published on 18/10/2021
» Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing.
Siam Commercial Bank rules out job cuts
Bloomberg News, Published on 27/09/2021
» Siam Commercial Bank Plc (SCB) will maintain banking staff levels as Thailand’s biggest lender restructures its business, spinning off some units into a new company.
Siam Makro surges on B218bn deal to control Lotus stores
Bloomberg News, Published on 01/09/2021
» Siam Makro Plc surged as much as 24% after Thailand’s biggest operator of cash-and-carry stores announced a plan worth about 218 billion to take control of retailer Lotus from other affiliates of the Charoen Pokphand Group.
Covid DIY demand makes Dohome founder a billionaire
Bloomberg News, Published on 22/08/2021
» Dohome Plc may not qualify as a “unicorn,” but the home-improvement retailer does possess some rare traits that have made founder Adisak Tangmitrphracha a new member of the country’s billionaire club.
Thai Airways debt revamp plan gets support from finmin
Bloomberg News, Published on 03/03/2021
» The Finance Ministry, the largest shareholder of Thai Airways International Plc, signalled its support for a restructuring plan that includes raising fresh capital, a temporary freeze on repayment of borrowings and slashing its workforce by half to return the debt-ridden airline to profit.