Showing 1 - 10 of 8,031
Thai banks record 1.2% loan growth
Business, Somruedi Banchongduang, Published on 24/05/2024
» The Thai banking industry reported marginal loan growth for the first four months of this year, thanks to tighter loan criteria amid a sluggish economy.
Bangkok Land keen to develop 'smart' Muang Thong Thani
Business, Molpasorn Shoowong, Published on 23/05/2024
» SET-listed Bangkok Land wants to develop Muang Thong Thani as a smart city district, with plans to build a new seafood and fruit centre offering goods at affordable prices to attract tourists to Nonthaburi, banking on the Pink Line monorail service that is scheduled to start running there next year.
Banking sector NPLs edge up in Q1
Business, Somruedi Banchongduang, Published on 22/05/2024
» The Bank of Thailand reported higher non-performing loans (NPLs) for the banking industry in the first quarter this year, attributed to all types of loan products amid an uneven economic recovery.
Philippines seeks Asia logistics hub status, banking on US ties
Published on 21/05/2024
» The Philippines is setting its sights on becoming the next manufacturing and logistics hub in Asia, President Ferdinand Marcos Jr said, as Manila capitalises on its growing ties with Washington.
SCB launches AI banking service
Business, Somruedi Banchongduang, Published on 18/05/2024
» Siam Commercial Bank (SCB) has introduced banking services equipped with artificial intelligence (AI), aimed at expanding digital loans while improving control over non-performing loans.
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.
Asian shares retreat on China weakness
Business, Published on 18/05/2024
» RECAP: Stocks in Asia fell yesterday after data from China showed fresh economic weakness and traders reassessed the path forward for US interest rates.
Somchai's shift from AIS to PTT's OR could enable alliance
Business, Komsan Tortermvasana, Published on 17/05/2024
» Somchai Lertsutiwong, chief executive of Advanced Info Service (AIS), is tipped to become chairman of PTT Oil and Retail Business (OR), paving the way for him to form an OR-AIS-Krungthai Bank (KTB) alliance to develop a virtual bank business.
Acme Worawat Meets Former PM Thaksin Shinawatra
Published on 16/05/2024
» Recently, Mr Worawat Narknawdee, also known as Acme Traderist, a fintech company owner and renowned trader, businessman, and billionaire investor, and one of the first Thais to study cryptocurrency and blockchain, revealed on his Facebook page, Acme Traderist – Worawat Narknawdee, that he had met Mr Thaksin Shinawatra, the 23rd Prime Minister of Thailand. The purpose of the meeting was to discuss and listen to Thaksin’s perspectives, as well as to share his experiences in life and business. Thaksin is a globally known successful leader. Worawat also intends to apply the guidance and advice he received, especially regarding creating benefits for people and society, as an inspiration to pursue his ideals.
Stark reality behind economic figures
Oped, Chartchai Parasuk, Published on 16/05/2024
» At the time of writing this, the official Q1 GDP has not been announced by the National Economic and Social Development Council (NESDC). I expect the growth figure will be around 1.2%. My own estimation, using the Output Approach and actual sectoral production index, gives a growth figure of 0.98%. Detailed data are in the below table.