Showing 1 - 8 of 8
Breaking the bonds of debt
Business, Oranan Paweewun, Published on 16/03/2020
» Thai household borrowing rose to 13.2 trillion baht at the end of September 2019 from 12.8 trillion baht at the end of 2018, with the ratio relative to GDP climbing to 79.1% from 78.6%. These figures suggest many people are drowning in debt.
State banks enticing homebuyers
Business, Oranan Paweewun, Published on 09/12/2019
» Buying a home is the biggest purchase of most people's lives, and a mortgage the largest debt most will bear. Locking in cheap home loans can save money on interest payments over time and allow borrowers to spend less time paying off the debt.
Playing your hand right
Business, Oranan Paweewun, Published on 17/06/2019
» Credit cards offer many benefits if they are used wisely, including rewards, cash back, discounts and other perks on top of their main feature of buy now, pay within a month. The key is not to spend more than you have, because the interest rates on debt are steep.
Small deposits add up
Business, Oranan Paweewun, Published on 22/04/2019
» The US Federal Reserve's dovish signal of the end of the current rate hike cycle, a slackening of momentum for Thailand's economic growth amid risks from the global economic slowdown and domestic political instability, and the liquidity surplus in the local financial system suggest that low interest rates will persist for an extended period.
Krungsri Consumer's growth guru
Business, Oranan Paweewun, Published on 10/11/2018
» 'Communication, empowerment and technology" are the three words that Thakorn Piyapan uses to sum up how he steers Krungsri Consumer, an unsecured lending arm of Bank of Ayudhya (BAY), which has become the country's largest credit card issuer and personal lender by users under his six-year reign.
Listed banks to see lower Q3 net profit on fee waiver
Business, Oranan Paweewun, Published on 10/10/2018
» SET-listed banks are estimated to deliver lower quarter-on-quarter net profit for the third quarter but higher year-on-year earnings, say analysts, noting the waiver of transaction fees for digital banking dealt a blow to their fee-based income and net profits.
Banks record mixed bag in Q1
Business, Oranan Paweewun, Published on 20/04/2018
» Siam Commercial Bank's (SCB) first-quarter net profit dropped by 4.6% year-on-year as a rise in operating expenses for digital banking business took a toll, while two mid-sized banks delivered improved net profit despite pursuing conservative management policies in raising provisions for impaired loans.
Finding a mortgage rate that leaves you home free
Business, Oranan Paweewun, Published on 12/02/2018
» While homes represent the lion’s share of assets for many individuals and families, they can also entail the biggest financial burden.