Showing 1 - 10 of 214
Illuminating the Digital Landscape
Published on 18/09/2024
» In 2022, a staggering 255 billion new app downloads took place worldwide, accompanied by an impressive $67 billion spent at app stores. With users dedicating an average of five hours daily to their mobile phones, equating to over a third of their waking hours, the mobile advertising expenditure skyrocketed to an astonishing $336 billion.
SCB WEALTH Partners with Baker & McKenzie for Inheritance
Published on 28/08/2024
» Dr. Yunyong Thaicharoen (2nd from left), Senior Executive Vice President and Chief Wealth Banking Officer at Siam Commercial Bank, along with Mr. Komkrit Kietduriyakul (2nd from right), Director and partner specialising in banking and capital market practices at Baker & McKenzie Co., Ltd., have announced a strategic collaboration. This partnership aims to provide SCB WEALTH clients with expert legal and tax advisory services related to family asset and inheritance management, establishing holding companies, drafting family constitutions, and structuring family businesses. The objective is to ensure that inheritance asset management is conducted in a manner that promotes stability and sustainability across generations. The event was also attended by Mr. Sornchai Suneta, CFA (far left), First Executive Vice President of the Investment Office and Product Function, Wealth Banking Group at Siam Commercial Bank, and Ms. Benja Supannakul (far right), Director and partner specialising in banking and capital market practices at Baker & McKenzie Co., Ltd. The announcement took place recently at Siam Commercial Bank’s Head Office.
Krungsri Partners with MST Insurance Service
Published on 05/08/2024
» Krungsri (Bank of Ayudhya PCL), a member of Mitsubishi UFJ Financial Group (MUFG), Japan’s largest financial group and one of the world’s largest financial organisations, announced a partnership with MST Insurance Service Co., Ltd., one of the largest insurance agents in Japan, to enhance insurance brokerage services for Japanese corporates operating in Thailand. This partnership leverages Mitsubishi UFJ Financial Group's (MUFG) extensive network to provide comprehensive insurance solutions tailored to the needs of Japanese businesses in Thailand.
UOB and A Solar Partner for SME Decarbonisation
Published on 18/07/2024
» UOB Thailand has recently partnered with A Solar Corporation to support small and medium enterprises (SMEs) looking to decarbonise by adopting renewable energy through solar rooftop installations.
Baker McKenzie Seminar Champions Sustainability in Thailand
Published on 11/07/2024
» Baker McKenzie recently hosted a seminar titled "Playing by the Green Rules," featuring esteemed speakers from Thailand's government and a multi-disciplinary team of senior lawyers from the Firm. The seminar discussed the latest sustainability regulatory landscape, Thailand's energy transition journey, and how Thai businesses could best respond. This event, part of a firmwide initiative celebrating Baker McKenzie's 75th anniversary, highlights the Bangkok office's commitment to advancing sustainability in Thailand.
SCB Partners with Sunline to Modernise Core Banking
Published on 04/07/2024
» Following its "Digital Bank with Human Touch" strategy, Siam Commercial Bank (SCB) continues to improve the banking experience. Its recent partnership with Sunline, a leading global provider of banking technology services, aims to revamp IT architecture for SCB's core banking system modernisation to deliver better financial transaction processing performance for deposits and loans with enhanced efficiency, stability, security, and scalability to cater to an ever-increasing number of transactions. This strategic partnership will enable SCB to quickly offer tailored financial solutions to individual customers and corporate clients. The development of the new core banking system is expected to take four years, progressing toward SCB leadership as a full-fledged digital banking entity.
Trend Micro Advances AI for Security Enhancing Protection Against Cybercriminals of the AI Era
Published on 04/07/2024
» Trend Micro's Risk to Resilience World Tour 2024 is back this year under the theme "Innovation Meets Adrenaline.” This global cybersecurity event, including stops in Thailand, showcases developers competing to combat threats in a “Race Against Threats.” In today's business landscape, threats abound, necessitating proactive risk reduction by leaders. With cybercriminals increasingly leveraging AI to exploit vulnerabilities, Trend Micro has embraced the vision of AI for Security. It has integrated Generative AI into its Vision One platform to swiftly and effectively detect threats, meeting the evolving needs of businesses in the GenAI era.
IRPC and SCB Sign Sustainability-Linked Forward Contract
Published on 01/07/2024
» IRPC, led by Phichin Aphiwantanaporn, Senior Executive Vice President of Corporate Accounting & Finance, along with Somruidee Charoenkrongsakul, Acting Senior Vice President of Corporate Accounting & Finance, in collaboration with Siam Commercial Bank (SCB), led by Soramon Inkatanuvatana, First Executive VP-Corporate Banking 1 Function, and Patrick Poulier, Executive Vice President & Head of the Financial Markets Function, signed an MoU to initiate Sustainability-Linked Forward Contracts aimed at preventing foreign exchange risks and promoting sustainable development.
Phenix Launches: Pratunam’s New World-Class Food Hub
Published on 28/06/2024
» The Prime Minister, embassy representatives, government, and private sectors in the food industry, along with Asset World Corp Public Company Limited (AWC), collaborate to inaugurate the "Phenix" project, the world's food wholesale hub with the largest food lounge in Pratunam. It integrates high-quality food ingredients sourced globally, complemented by a lifestyle of indulgence, entertainment, and culinary excellence, all within a pioneering business model that facilitates trade between food manufacturers and suppliers through both offline and online channels. With a diverse array of products from over 1,000 global brands and international pavilions representing various countries, the project aims to attract tourists and food enthusiasts worldwide to Bangkok's new landmark in the Pratunam area. The expansive food lounge hosts over 200 renowned restaurants, offering a rich tapestry of culinary experiences from esteemed establishments, including Michelin-recommended street food and restaurants, set against diverse atmospheres throughout the venue. This endeavour is poised to elevate Thailand's food and tourism sectors, providing a year-round celebration of gastronomic excellence under the "Flavour Gets Its Wing Worldwide" concept, enhancing Thai cuisine's global reputation as a cultural soft power. With the "Phenix" model, the project invites food entrepreneurs, chefs, and influencers worldwide to participate, driving Thailand towards becoming a premier 'Food Ecosystem Destination.'
TIDLOR Secures ADB Funding for Rural MSME Loans
Published on 26/06/2024
» Ngern Tid Lor Public Company Limited (TIDLOR), a leading non-banking financial institution (NBFI), has become the first in the financial sector to receive funding from the Asian Development Bank (ADB). This funding aims to provide loans to Micro, Small, and Medium-sized Enterprises (MSMEs) in rural Thailand, particularly those owned and led by women as well as those who operate within the country’s agriculture value chain.