Showing 1 - 10 of 19
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.
Is this the turning point?
Business, Piyasak Manason, Published on 25/07/2020
» In our last column we warned about the great uncertainties surrounding the divergence of the economic and investment worlds, and how they may converge due to the rise of those uncertainties. It is possible that we may begin to see a turning point this month.
Too early for rate hate
Business, Published on 10/08/2019
» The Bank of Thailand voted 5-2 in favour of cutting its policy interest rate by 25 basis points to 1.50% in response to weak economic growth. The move came as a surprise to the market and to us. At this point, we believe that the central bank may wait to see the impact from Wednesday's decision before taking any additional steps.
BoT urges talks before passbook halt
Business, Somruedi Banchongduang, Published on 04/01/2019
» The Bank of Thailand is demanding commercial banks discuss whether they intend to cancel physical passbooks in the future because it wants to ensure banks will offer proper services to customers.
SET reviving after Wall Street scare
Business, Published on 16/10/2018
» The Thai stock market -- along with other emerging markets -- took a big hit last week after the US 10-year Treasury yield surged to 3.25% from 3.05% a week earlier as investors rushed to sell government bonds in anticipation of an interest-rate increase. This led to the Dow Jones Industrial Average falling more than 1,300 points (5%) on Wednesday and Thursday with the tech sector seeing most of the decline.
Adapt or die fighting the giants
Business, Published on 25/09/2017
» Thai banks have one to two years to adapt to the disruptive digital platform, which is changing the way people spend, live and make payments, as they face a do-or-die scenario regarding technology, warns Siam Commercial Bank's (SCB) chief marketing officer Thana Thienachariya.
Dovish tone from yellen heartens equity investors
Business, Published on 17/07/2017
» Recap: Most Asian stock markets gained last week as investors took their cue from another all-time closing high for the Dow Jones Industrial Average, while dovish comments from the Federal Reserve on the interest rate outlook also bolstered risk sentiment. Oil prices also rallied but the impact on the energy-heavy Thai bourse was limited.
North korea and oil slump keep investors on sidelines
Business, Published on 10/07/2017
» Recap: A long-range missile launch by North Korea put investors back in risk-off mode early last week. A sharp decline in oil prices further dampened sentiment before a Friday rally on Wall Street in response to better-than-expected job figures for June. A buying spree in energy giant PTT following a recent fall and in banking stocks ahead of second-quarter earnings results helped limit losses in the Thai stock market.
Scepticism about Trump tax plan keeps stocks in check
Business, Published on 01/05/2017
» Recap: Cautious optimism over the US President Donald Trump's radical tax reform and concern about global trade and "America First" policies kept investors' appetite for risky assets in check last week. Concerns about an uptick in bad loans at large banks and the arrival of the XD season triggered a selling spree in the Thai stock market.
SET risks and rewards
Business, Darana Chudasri, Published on 23/01/2017
» The Stock Exchange of Thailand was one of Asia's best performers last year with a rally of almost 20%.