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BUSINESS

CIMB planning special rates

Business, Somruedi Banchongduang, Published on 03/07/2012

» CIMB Bank Thai has brought competition in the deposit market to the next level by setting its savings deposit rate higher than its fixed deposit rate, the first bank to do so.

BUSINESS

Banks: SMEs face greater uncertainty in second half

Business, Somruedi Banchongduang, Published on 28/06/2012

» Small and medium-sized enterprises will face more hurdles in the second half of this year amid a gloomier global economy, while effects from the higher daily minimum wage will linger, bankers said yesterday.

BUSINESS

BAY steps up e-banking security cover

Business, Somruedi Banchongduang, Published on 27/06/2012

» Bank of Ayudhya (BAY) is beefing up its security for electronic banking customers by convincing them to use online service through CyberSource, the global online payment service provider.

BUSINESS

LH Bank focuses on infrastructure syndicated loans

Business, Somruedi Banchongduang, Published on 18/06/2012

» Land and Houses Bank (LH Bank) has started a loan portfolio for infrastructure syndicated loans in line with strong demand for project finance.

BUSINESS

Banthoon warns on AEC readiness

Business, Somruedi Banchongduang, Published on 15/06/2012

» While Thailand is eager to welcome an integrated Asean economy, it is lagging its peers in many areas, hamstrung by protracted political conflicts, says Banthoon Lamsam, the chief executive of Kasikornbank.

BUSINESS

Citi Advance to add four branches

Business, Somruedi Banchongduang, Published on 15/06/2012

» Citi Advance, a non-bank arm of Citicorp Leasing (Thailand) under the US-based Citigroup, will continue to spearhead the group's consumer finance business with four new outlets.

BUSINESS

UOBT pursues middle-income clients

Business, Somruedi Banchongduang, Published on 14/06/2012

» United Overseas Bank (Thai) plans to increase its credit card base for the middle-income segment, says Yuttachai Teyarachakul, UOBT's head of personal financial services.

BUSINESS

SCB says SSI can pay debts after standstill

Business, Somruedi Banchongduang, Published on 13/06/2012

» Siam Commercial Bank (SCB) expects Sahaviriya Steel Industries (SSI) will be able to service its short-term loans when a grace period on those debts ends.

BUSINESS

TMB offering fee-free banking to SMEs

Business, Somruedi Banchongduang, Published on 13/06/2012

» TMB Bank is offering free money withdrawals and transfers across banks and zones in a bid to attract business customers from other banks, says chief executive Boontuck Wungcharoen.

BUSINESS

Egco building huge new plant in South

Business, Somruedi Banchongduang, Published on 12/06/2012

» Egco Group Plc, Thailand's first independent power producer, is poised to spend 17-18 billion baht to build a 900-megawatt power plant in Khanom, Nakhon Si Thammarat province.