Showing 111 - 120 of 537
Strong Q1 results could attract fund inflows to SET
Business, Nuntawun Polkuamdee, Published on 25/05/2024
» First-quarter financial results were stronger than expected for listed Thai companies, gaining 3% year-on-year and 68% quarter-on-quarter, which could attract more fund inflows to the Thai bourse, with the index topping 1,400 points in the near term, say analysts.
Somchai's shift from AIS to PTT's OR could enable alliance
Business, Komsan Tortermvasana, Published on 17/05/2024
» Somchai Lertsutiwong, chief executive of Advanced Info Service (AIS), is tipped to become chairman of PTT Oil and Retail Business (OR), paving the way for him to form an OR-AIS-Krungthai Bank (KTB) alliance to develop a virtual bank business.
Impact of loan rate cuts on key players deemed as limited
Business, Somruedi Banchongduang, Published on 02/05/2024
» The country's four largest banks expect a limited impact from the reduction in their loan interest rates based on the specific customer demographics and the limited time frame of the debt relief measures.
Asian shares get lift from US tech results
Business, Published on 27/04/2024
» RECAP: Asian shares rose yesterday, led by tech firms after strong earnings reports from Microsoft and Alphabet on Wall Street. But investors are becoming resigned to the idea that US interest rate cuts are probably many more months away.
BBL reduces lending rate
Business, Somruedi Banchongduang, Published on 27/04/2024
» Bangkok Bank (BBL), the country's largest lender by total assets, is cutting its minimum retail rate (MRR) by 25 basis points for six months, starting on April 29.
Banks agree to reduce loan rates
Business, Somruedi Banchongduang, Published on 26/04/2024
» Thai banks are set to cut the minimum retail rate (MRR) by 25 basis points for a period of six months, aiming to alleviate the debt burden for vulnerable customers in response to the prime minister asking lenders to lower interest rates for vulnerable groups and small businesses.
KPI predicts flat revenue growth this year
Business, Nuntawun Polkuamdee, Published on 25/04/2024
» Krungthai Panich Insurance (KPI) is aiming for total revenue of 5.3 billion baht this year, on a par with 2023, while preparing for an image rebrand and ramping up technology investment to attract interest from young customers.
Bank profits underwhelm in Q1
Business, Somruedi Banchongduang, Published on 23/04/2024
» Commercial banks booked marginal profit growth in the first quarter of this year, largely influenced by the decreased profitability of small to mid-sized banks thanks to higher provision for loan loss reserves.
Thai banks eye regional expansion
Business, Somruedi Banchongduang, Published on 16/04/2024
» Driven by the growth potential of Asean economies, large local banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, according to Fitch Ratings Thailand.
Baht tipped to slide as US Fed delays rate cuts
News, Somruedi Banchongduang, Published on 12/04/2024
» The baht is poised to experience significant pressure, potentially reaching 37 baht per United States dollar next week, as a result of better-than-expected economic data from the US coupled with the US Federal Reserve's decision to hold off on interest rate cuts.