Showing 1 - 10 of 11,338
Banks post modest increase in profits
Business, Somruedi Banchongduang, Published on 22/10/2024
» The banking sector reported a modest increase in profits for the first nine months of 2024, driven by gains in both interest and fee income, while continuing to allocate substantial reserves for loan losses in preparation for heightened uncertainties.
Boost seen from Thai Airways rehab exit
Business, Nareerat Wiriyapong, Published on 22/10/2024
» Creditors of Thai Airways International (THAI), especially Bangkok Bank (BBL) and Krungthai Bank (KTB), will receive a boost from the national carrier's planned exit from its rehabilitation plan in mid-2025 as the banks are being given multiple options for debt repayment, analysts say.
Falling interest rates to benefit Thai banks
Nuntawun Polkuamdee, Published on 21/10/2024
» As global interest rates are clearly on a downward trend, with the Bank of Thailand expected to cut its policy rate again in December, banking stocks should benefit, according to analysts.
BoT says slowdown won't lead to loan contraction
Business, Somruedi Banchongduang, Published on 21/10/2024
» The Bank of Thailand expects lending in the banking sector will not contract this year despite a slowdown based on ongoing debt deleveraging.
CIMBT sees demand for sustainability-linked loans
Business, Published on 18/10/2024
» CIMB Thai Bank (CIMBT) plans to tap into demand for sustainability-linked loans estimated to be worth 200 billion baht among large local corporate clients over the next two years, focusing on the oil, gas and energy sectors.
SCB tie-up offers nation's first stablecoin
Business, Nareerat Wiriyapong, Published on 18/10/2024
» Siam Commercial Bank (SCB) has partnered with Lightnet, a fintech company co-founded by Chatchaval Jiaravanon, to launch Thailand's first stablecoin, which is a digital asset pegged to gold or the dollar for cross-border payments and remittances.
Analysts prefer property, retail and banking
Business, Nuntawun Polkuamdee, Published on 18/10/2024
» Market analysts recommend stocks in the property, retail and banking sectors as the major beneficiaries of the Bank of Thailand's unexpected interest rate cut, the first reduction in four years.
Vietnam convicts death-row tycoon of fraud in new trial
Published on 17/10/2024
» A Vietnamese real estate tycoon facing the death penalty for fraud has been sentenced to life in prison after being found guilty on additional charges, showing the extent of the ruling Communist Party’s determination to crack down on corruption.
Big outlay for virtual banks
Business, Nareerat Wiriyapong, Published on 17/10/2024
» The three consortiums awarded virtual bank licences are projected to spend up to 5.7 billion baht in just one year from mid-2025 to develop digital platforms and offer products similar to their mobile banking counterparts, says Maybank Securities (Thailand).
Baht gain likely if central bank leaves rate unchanged
Published on 15/10/2024
» The baht could appreciate beyond 33 to the dollar, from 33.40 as of Tuesday, if the Bank of Thailand decides to keep its policy interest rate unchanged at 2.50% on Wednesday, according to Kasikorn Research Center (K-Research).