Showing 1 - 10 of 92
SCB predicts gradual baht decline
Business, Somruedi Banchongduang, Published on 27/02/2026
» Siam Commercial Bank (SCB) expects the baht to gradually weaken against the US dollar, reaching 33 baht per dollar in the fourth quarter of this year, driven by a combination of domestic and external factors.
YouTrip targets 10% growth a year
Business, Somruedi Banchongduang, Published on 04/12/2025
» YouTrip, Asia-Pacific's leading multi-currency travel card, expects to maintain annual growth of 10% over the next three years and is preparing to list on a US stock exchange during that period.
An investment strategy to capitalise on volatile markets
Business, Somruedi Banchongduang, Published on 05/06/2025
» Amid ongoing volatility in global investment markets, SCB Julius Baer considers this period an opportunity to gradually deploy capital to international investments and stands ready to help Thai investors access world-class assets.
Virtual banks to be announced in June
Business, Somruedi Banchongduang, Published on 18/04/2025
» The Finance Ministry is scheduled to announce the list of approved virtual banks by June 19, with the Bank of Thailand confirming it will grant three banking licences in the initial stage.
Thailand Post trusts network in virtual banking proposal
Business, Somruedi Banchongduang, Published on 17/04/2025
» Thailand Post plans to leverage its strong network and the expertise of its delivery staff, who have access to underserved and unserved communities across the country, to support its consortium in securing a virtual bank licence.
KBank to transfer B60bn of bad loans
Business, Somruedi Banchongduang, Published on 01/02/2025
» Kasikornbank (KBank) plans to transfer bad assets worth around 60 billion baht to its new joint venture asset management company (JV-AMC) by 2026, reducing the bank's non-performing loans (NPLs).
Abacus keen on regional growth
Business, Somruedi Banchongduang, Published on 10/01/2025
» Abacus Digital, a fintech firm under SCB X, is exploring regional business expansion and preparing for a listing on the local stock exchange as part of its next growth phase.
Volatile baht causes large uptick in forex transactions
Business, Somruedi Banchongduang, Published on 28/10/2024
» Foreign exchange rate volatility has encouraged Thai travellers to increase their transactions on YouTrip, Southeast Asia's leading multi-currency digital payment platform, as they prepare for the upcoming travel season.
SCB X adjusts spotlight to foreign fintech firms
Somruedi Banchongduang, Published on 09/10/2024
» SCB X, a leading Thai financial technology group and the holding company of Siam Commercial Bank, is focused on investing in fintech firms across Southeast Asia and beyond, prioritising higher returns on investment over traditional banking ventures.
Virtual bank race: 5 in the running
Somruedi Banchongduang, Published on 23/09/2024
» The Bank of Thailand has received five applications for three virtual bank licences, with two of the bidders set to drop out of the race over the following year.