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Search Result for “dire need”

Showing 1 - 10 of 328

BUSINESS

SCB X focuses on tech as conflict drives up costs

Business, Somruedi Banchongduang, Published on 18/04/2026

» SCB X, the financial technology group and holding company of Siam Commercial Bank (SCB), has locked in low-cost technology investments ahead of a broader rise in expenses driven by the ongoing conflict in the Middle East.

BUSINESS

Virtual banks taking shape

Business, Somruedi Banchongduang, Published on 16/04/2026

» Two virtual banks, Bank X and Clicx Bank, are pursuing similar strategies in the retail and food ecosystem, focusing on underserved customer segments as a key growth driver for their virtual banking businesses.

BUSINESS

Banks raise reserves to deal with effects of war

Somruedi Banchongduang, Published on 01/04/2026

» Thai banks are increasing their loan-loss reserves to prepare for the impact of a prolonged war in the Middle East and to support a growing number of vulnerable customers.

BUSINESS

SCB X assists customers troubled by the war

Business, Somruedi Banchongduang, Published on 01/04/2026

» SCB X, a technology conglomerate and the holding company of Siam Commercial Bank (SCB), has extended assistance to customers affected by the war, with targeted measures initially focused on the tourism and export sectors.

BUSINESS

Crude prices test GDP, inflation goals

Business, Somruedi Banchongduang, Published on 27/03/2026

» The government is advised to adopt a managed float approach to deal with energy prices amid expectations that domestic diesel prices could reach 60 baht per litre.

BUSINESS

Inflation-hit Bangkok Bank customers offered assistance

Business, Somruedi Banchongduang, Published on 19/03/2026

» Bangkok Bank (BBL) is monitoring the impact of rising energy and raw material costs on its customers and is ready to extend financial support, says president Chartsiri Sophonpanich.

BUSINESS

Krungsri joins hands with Invesco on asset advisory

Business, Somruedi Banchongduang, Published on 18/03/2026

» Krungsri (Bank of Ayudhya) remains confident it can sustain growth in assets under management (AUM) for foreign investment funds (FIF), despite heightened global uncertainties.

BUSINESS

Small firms face high finance costs

Business, Somruedi Banchongduang, Published on 16/03/2026

» The Bank of Thailand has raised concerns about rising financial costs for micro-SMEs (small and medium-sized enterprises) as they increasingly rely on nano-finance loans amid tighter access to bank credit.

BUSINESS

Banks tighten digital checks to curb mule accounts

Business, Somruedi Banchongduang, Published on 11/03/2026

» Banks are tightening monitoring of digital transactions to prevent the use of mule accounts, as fraudsters shift their activities after stricter controls were imposed on conventional bank accounts.

SUSTAINABILITY

Exporters confront carbon footprints

Business, Somruedi Banchongduang, Published on 09/03/2026

» Thai exporters are under growing pressure to accelerate their transition to low-carbon production, as the EU's Carbon Border Adjustment Mechanism (CBAM) came into force on Jan 1, though its effects have been felt for several years.