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Search Result for “banks”

Showing 1 - 10 of 19,326

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THAILAND

Thailand to set up task force to prevent transactions for Myanmar arms

Published on 25/07/2024

» Thailand will form a task force to enhance the due diligence capabilities of its financial institutions in order to prevent transactions by banks that could lead to arms purchases and human rights abuses in Myanmar, the Foreign Ministry said.

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GENERAL

Proactive cybersecurity steps deemed essential

Business, Suchit Leesa-nguansuk, Published on 25/07/2024

» Taking proactive measures in cybersecurity through penetration testing and staying informed about emerging threats will help organisations minimise impacts from attackers amid a fast-changing landscape of threats, said Gregory Pickett, chief executive of Hellfire Security and also a white hat hacker.

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GENERAL

Retirement lottery to the rescue

Business, Wichit Chantanusornsiri, Published on 25/07/2024

» It is alarming that nearly half of the country's workforce, comprising 37.5 million people, lacks a retirement savings plan.

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OPINION

Digital wallet scheme poses credit risk

News, Chartchai Parasuk, Published on 25/07/2024

» During the debate on the extra-fiscal budget for 2024 of 1.22 billion baht to fund the digital wallet (DW) scheme, the government presented the bright side of the figurative coin. This article will present the dark side of the scheme.

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GENERAL

Thailand bets on B500bn cash handout to revive economy

Bloomberg News, Published on 24/07/2024

» The government expects the rollout of a long-delayed cash handout to most adult citizens to help reverse a slump in economic activity and tackle the highest household debt in Southeast Asia. 

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MOTORING

Motorcycle sales dip 10% in H1

Business, Lamonphet Apisitniran, Published on 24/07/2024

» Motorcycle sales fell by 10% year-on-year during the first half, with Thai Honda Co, a major motorcycle manufacturer and distributor, also experiencing a sales drop in the sluggish market.

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MOTORING

Premium EV sales dip 35% in first half

Published on 23/07/2024

» Sales of premium electric vehicles (EVs) in Thailand plunged 35% year-on-year during the first half of this year, but German luxury car maker BMW remains positive about its EV sales, with newly launched models in the Mini family in Bangkok expected to thrill the public.

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GENERAL

Profits of 10 listed banks for H1 rise 3.7% to B126.4bn

Somruedi Banchongduang, Published on 23/07/2024

» The 10 SET-listed banks reported a combined net profit of 126.4 billion baht for the first half of this year, marking a 3.7% increase year-on-year. This growth was primarily driven by large banks, while smaller banks experienced a decline in earnings.

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GENERAL

Bad debt spike blamed on drop in spending

Business, Wichit Chantanusornsiri, Published on 22/07/2024

» An increase in non-performing loans (NPLs) during the first seven months of this year primarily stems from wholesale and retail businesses, according to the Small and Medium Enterprise Development Bank of Thailand (SME D Bank).

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INVESTMENT

Scandal stalks stocks

Published on 22/07/2024

» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.