Showing 31 - 40 of 8,218
DBS targets wealth management growth in Thailand
Business, Nuntawun Polkuamdee, Published on 05/09/2024
» Consumer bank DBS Singapore is aggressively expanding its wealth management business in Thailand through subsidiary DBS Securities (Thailand), aiming to triple assets under management (AUM) here to 300 billion baht within two years.
Thaksin's 'vision' might be outdated
News, Chartchai Parasuk, Published on 05/09/2024
» This article is not meant to diminish the brilliance of the spiritual leader of the Pheu Thai Party, former prime minister Thaksin Shinawatra. It is to demonstrate that, despite his immense knowledge and vast experience, Thailand's current economic problems are caused by structural deficiencies and cannot be resolved by traditional stimulus measures. One needs a good understanding of economic principles to approach the problems correctly.
Co-op, nano-finance loans gain in Q2
Business, Published on 05/09/2024
» Co-operative (co-op) and nano-finance loans grew significantly in the second quarter of 2024, driven by retail borrowers seeking additional liquidity to cover expenses as access to bank loans became more challenging.
SCB expects rate cut later this year
Business, Somruedi Banchongduang, Published on 04/09/2024
» Siam Commercial Bank (SCB) expects the Bank of Thailand will begin cutting its policy rate later this year, with additional reductions likely continuing into early next year.
Gunkul banking on new PDP
Business, Yuthana Praiwan, Published on 04/09/2024
» SET-listed Gunkul Engineering, a renewable energy developer and construction firm, expects its revenue to double, reaching 20 billion baht by 2030, thanks to the new power development plan (PDP) that promotes greater use of clean power.
Thai baht weakens as China falters
Business, Published on 03/09/2024
» The baht led Asian currencies that weakened against the dollar on Monday on a faltering Chinese economy, with analysts suggesting the baht could be on a depreciating trend for the remaining months of this year if the US Federal Reserve (Fed) cuts rates by less than the 1% reduction anticipated by the market this year.
The role of finance in building resilience
Business, Published on 03/09/2024
» As Thailand confronts the pressing challenges of climate change, the role of financial institutions in driving sustainable growth has become increasingly vital. At UOB Thailand, we believe that sustainability must be at the heart of business practices, not just a peripheral concern. Our commitment is to empower small and medium-sized enterprises (SMEs) in integrating sustainable practices into their operations, ensuring that socioeconomic growth and environmental stewardship advance together.
Banks share data with Bank of Thailand to combat fraudulent mule accounts
Somruedi Banchongduang, Published on 02/09/2024
» The banking industry has introduced data-sharing through a new Central Fraud Register (CFR) system to intensify efforts to crack down on so-called mule accounts.
Olympics, exports drive uptick in July manufacturing
Business, Lamonphet Apisitniran, Published on 31/08/2024
» Thailand's Manufacturing Production Index (MPI) in July increased by 1.7% year-on-year to 96.7 points, driven by various factors including the 2024 Olympics and growing exports, says the Office of Industrial Economics (OIE).
AND Solutions to Streamline AEON's Loan Processes
Published on 30/08/2024
» Leading fintech company AND Global's subsidiary, AND Solutions, has announced a new software provision agreement with AEON Thana Sinsap, a Thailand-based company offering financial services, including credit cards, loans, and hire purchases. AEON Thana Sinsap will integrate AND Solutions' AI-based intelligent document processing system, mindox, alongside advanced credit scoring solutions to accurately estimate loan applicants' income levels while minimising turnaround times and reducing processing workloads. AND Global, a leading fintech company, has developed multiple businesses to promote financial inclusion across Southeast Asia.