Showing 1 - 10 of 2,592
GSB and BAM Form 1 Billion Baht Debt Relief Venture
Published on 31/05/2024
» Government Savings Bank (GSB) has partnered with Bangkok Commercial Asset Management (BAM) to establish a joint venture, ARI Asset Management Co., Ltd. (ARI-AMC), with a capital investment of 1 billion baht. ARI-AMC will purchase and transfer non-performing loans (NPLs) from GSB over the course of three quarters in the fiscal year 2024, providing assistance to over 500,000 accounts of small and medium-sized enterprise (SME) debtors and credit card debtors.
Post-rejig, Sen X targets 40% growth
Business, Kanana Katharangsiporn, Published on 31/05/2024
» SET-listed property firm Sen X plans to restructure by merging subsidiaries related to property services, expanding to manage non-residential properties, adding new businesses and shifting to high-priced housing segments to secure 40% growth by year-end.
Credit bureau chief clarifies changes to blacklist rules
Business, Somruedi Banchongduang, Published on 31/05/2024
» The National Credit Bureau (NCB) says it has the authority to reduce the time bad debtors remain on its credit blacklist, currently eight years, with the decision resting with the Committee for the Protection of Credit Information.
Minister unveils effort to shrink credit blacklist
Business, Wichit Chantanusornsiri, Published on 30/05/2024
» Finance Minister Pichai Chunhavajira has pitched shortening the duration for bad debtors to remain on the National Credit Bureau's blacklist, allowing them to access new borrowing opportunities sooner.
Ministry readies debt restructuring measures
Business, Wichit Chantanusornsiri, Published on 29/05/2024
» The Finance Ministry looks set to implement debt restructuring measures for individuals to help increase their disposable income.
Bosch maintained double-digit growth in Thailand
Published on 28/05/2024
» Impactful innovation with a strong commitment to driving sustainability
Call for action on real estate loans
Business, Wichit Chantanusornsiri, Published on 28/05/2024
» The National Economic and Social Development Council (NESDC), the state planning unit, has urged financial institutions to adopt proactive policies in restructuring real estate loans following a sharp rise in the rate of non-performing loans (NPLs) for this type of credit.
TIDLOR Maintains "A/Stable" Rating from TRIS
Published on 24/05/2024
» Ngern Tid Lor Public Company Limited, or TIDLOR, announced the reaffirmation of its “A/Stable” rating by TRIS Rating Co., Ltd. This rating affirms the organisation's credit ranking and confirms that the company’s senior bonds are not immediately affected by the organisational and shareholding restructuring.
Weak response to central bank's debt scheme
Business, Somruedi Banchongduang, Published on 24/05/2024
» The Bank of Thailand plans to ramp up its debt solution programme for instalment loans after no new participants joined its recent initiative.
China-ASEAN Cultural Exchange Celebrates One-Year Milestone
Published on 23/05/2024
» Reignwood Cultural Foundation organised the significant event, "The 2nd China-ASEAN Cultural Exchange Event of 2024," on the occasion of International Museum Day, marking the one-year anniversary of the inauguration of the "East-West Cultural Exchange Center" in Reignwood Park. This event unveiled future plans and aims to elevate cooperation in the healthcare industry, trade economy, and culture between China and Thailand, transforming a new dimension of China-Thailand development cooperation for sustainable growth. The event was honoured by the presence of Mr. Jakkapong Sangmanee, Minister Attached to the Prime Minister's Office, and Mr. Krisda Tanterdtit, Secretary to the Minister of Commerce, as well as representatives from the Chinese Embassy in Thailand, the Chairman of the Chinese Cultural Relics Association, and the Vice Chairman of China News Service. The senior management of the Reignwood Group warmly welcomed the attendees.