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BUSINESS

Identity crisis

Business, Somruedi Banchongduang, Published on 05/08/2013

» With the advent of the information technology age, everything from buying movie tickets to transferring money to paying bills can be done with the click of a button. The ease of the process, however, has the side effect of making people more vulnerable to hackers.

BUSINESS

SCB won't join Saha Farms liquidity lifeline deal

Business, Somruedi Banchongduang, Published on 18/07/2013

» Siam Commercial Bank (SCB) says it will not take part in the new loans deal for Saha Farms as it is not a major lender to the struggling group.

BUSINESS

CIMBT flags unsecured approvals

Business, Somruedi Banchongduang, Published on 16/07/2013

» CIMB Thai Bank (CIMBT) tightened approvals for unsecured loans out of concern borrowers may seek new loans to refinance their existing debt burden.

BUSINESS

KBank tightens up on cards

Business, Somruedi Banchongduang, Published on 10/07/2013

» The credit card rejection rate at Kasikornbank (KBank) has surpassed 30% of the applications received per month due to consumers' lower debt servicing ability amid swelling household debt.

BUSINESS

Pace keeps IPO plan on course

Business, Somruedi Banchongduang, Published on 24/06/2013

» Pace Development has confirmed its planned IPO remains on track for July or August despite the free fall in global stock markets including the Thai bourse.

BUSINESS

SCB tailors new products for Gen Y

Business, Somruedi Banchongduang, Published on 20/06/2013

» Banks are riding an innovation wave by launching tailor-made products and services to keep pace with changing lifestyles and advances in technology.

BUSINESS

StanChart eyes e-banking

Business, Somruedi Banchongduang, Published on 20/06/2013

» Standard Chartered (Thai) Bank is focusing on online services as a way to ride through the intensifying competition in the consumer finance market and help it to maintain healthy margins in the business.

BUSINESS

BoT: Property sector cooling with economy

Business, Somruedi Banchongduang, Published on 12/06/2013

» The recent slowing of the Thai economy is helping to ease concerns about the overheating property sector, although the Bank of Thailand will keep monitoring the situation, says governor Prasarn Trairatvorakul.

BUSINESS

KBank promotes funds to balance risks

Business, Somruedi Banchongduang, Published on 06/06/2013

» Kasikornbank (KBank) is encouraging its customers to raise cash through infrastructure funds and newly approved real estate investment trusts (REITs) instead of borrowing from banks, which incurs higher costs.

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BUSINESS

KTC offers no-interest grace period

Business, Somruedi Banchongduang, Published on 04/06/2013

» Krungthai Card (KTC) launched a new personal loan marketing campaign by offering a no-interest grace period of up to five years to winners of a lucky draw.