Showing 1 - 10 of 38
Silver lining in the debt deluge
Business, Somruedi Banchongduang, Published on 19/02/2022
» Sukhumvit Asset Management Company (SAM) is optimistic non-performing loans (NPLs) in the hotel and tourism-related sectors can be contained as some investors are keen to extend fresh funding for properties with potential in preparation for the medical tourism trend when travel ramps back up again.
Southeast Insurance vows to settle claims
Business, Somruedi Banchongduang, Published on 08/09/2021
» Southeast Insurance has pledged to clear up 8,000 accumulated claims for the Covid-19 insurance policies within two weeks as the company has already finished installing the digital process and increased the number of staff handling claims to speed up clearing the claim documents.
Debt restructuring to be extended
Business, Somruedi Banchongduang, Published on 04/09/2021
» Debt restructuring periods offered to borrowers affected by the pandemic could be extended to more than 10 years, says Thai Bankers' Association (TBA) chairman Payong Srivanich.
BoT revises growth forecast to 1.8%
Business, Somruedi Banchongduang, Published on 24/06/2021
» The Bank of Thailand (BoT) has slashed the country's economic growth forecast again for this year to 1.8% from an earlier projection of 3%, due to lower foreign tourist arrival estimates and lower domestic demand due to the third wave of Covid-19.
JSCCIB predicts Q4 recovery amid jabs
Business, Somruedi Banchongduang, Published on 10/06/2021
» The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) expects the Thai economy to pick up in the fourth quarter this year -- faster than earlier projections of the first quarter of next year -- if the government can maintain momentum of its vaccine programme.
SCB eager to usher in digital transformation
Business, Somruedi Banchongduang, Published on 04/06/2021
» Siam Commercial Bank (SCB) is planning new business strategies under what it calls the three generations of financial services, in preparation for a changing banking landscape in the post-Covid era.
BoT preps new asset warehouse programme
Business, Somruedi Banchongduang, Published on 26/02/2021
» The Bank of Thailand is preparing an additional measure to help the struggling hospitality and property sectors through an asset warehousing programme.
Registered commercial banks’ profit hit 9-year low
Business, Somruedi Banchongduang, Published on 30/12/2020
» This year's aggregate net profit of commercial banks registered in Thailand is estimated at 144 billion baht, a nine-year low, attributed mainly to the pandemic impact, says Kasikorn Research (K-Research).
Central bank discounts AMC option
Business, Somruedi Banchongduang, Published on 11/12/2020
» The idea of setting up a national asset management company (AMC) is not needed as the current scale of non-performing loans (NPLs) can be managed with debt assistance measures on a case-by-case basis, says the Bank of Thailand.
BoT studies warehousing concept
Business, Somruedi Banchongduang, Published on 18/11/2020
» The Bank of Thailand has been studying a warehousing concept that allows commercial banks to sell commercial loans parked in funds of asset management companies at prices acceptable to both the creditor and borrower.