Showing 1 - 10 of 2,312
Falling interest rates to benefit Thai banks
Nuntawun Polkuamdee, Published on 21/10/2024
» As global interest rates are clearly on a downward trend, with the Bank of Thailand expected to cut its policy rate again in December, banking stocks should benefit, according to analysts.
SCB tie-up offers nation's first stablecoin
Business, Nareerat Wiriyapong, Published on 18/10/2024
» Siam Commercial Bank (SCB) has partnered with Lightnet, a fintech company co-founded by Chatchaval Jiaravanon, to launch Thailand's first stablecoin, which is a digital asset pegged to gold or the dollar for cross-border payments and remittances.
Big outlay for virtual banks
Business, Nareerat Wiriyapong, Published on 17/10/2024
» The three consortiums awarded virtual bank licences are projected to spend up to 5.7 billion baht in just one year from mid-2025 to develop digital platforms and offer products similar to their mobile banking counterparts, says Maybank Securities (Thailand).
Financial centre hub panel sets framework
Business, Wichit Chantanusornsiri, Published on 12/10/2024
» A working panel on policy formulation and drafting laws to establish a financial hub yesterday agreed on a framework for such centres and drawing up legislation.
Citi highlights Southeast Asia's FDI allure
Business, Somruedi Banchongduang, Published on 11/10/2024
» Citi anticipates positive foreign capital flows to Southeast Asia, driven by the region's high economic growth potential and increased geopolitical risk.
Thailand seeks crypto hub status
Business, Nareerat Wiriyapong, Published on 11/10/2024
» Thailand has the potential to become a digital asset hub if strategic policies are implemented to support development, while clearer regulations and greater institutional investment are driving the cryptocurrency market to new highs this year, says the Thai Digital Asset Association.
KBank keen to pare its expansion in China
Business, Somruedi Banchongduang, Published on 10/10/2024
» Kasikornbank (KBank) has scaled back its banking business in China because of increased uncertainties stemming from geopolitical tensions and a slowdown in that country's economic growth.
SCB X adjusts spotlight to foreign fintech firms
Somruedi Banchongduang, Published on 09/10/2024
» SCB X, a leading Thai financial technology group and the holding company of Siam Commercial Bank, is focused on investing in fintech firms across Southeast Asia and beyond, prioritising higher returns on investment over traditional banking ventures.
UOB Thailand Launches Money Lock for Enhanced Security
Published on 08/10/2024
» UOB Thailand has become the first foreign bank to introduce UOB Money Lock, a new security feature designed to safeguard customers’ deposit accounts from unauthorised online transfers.
Hoping for a spending bonanza
Business, Post Reporters, Published on 07/10/2024
» The initial phase of the government's cash handout is expected to lift the Thai economy in the coming months, according to industrial leaders and brokerages, with some suggesting targeted assistance in the second phase for people with more purchasing power.