Showing 1 - 10 of 11
Rebate plan to spur card spending
Business, Somruedi Banchongduang, Published on 28/01/2025
» Krungthai Card (KTC), a leading credit card issuer, expects the government's Easy E-Receipt tax rebate programme to help boost credit card spending in the first quarter of this year despite sluggish domestic consumption.
Bangkok housing market set to decline amid poor economy
Business, Somruedi Banchongduang, Published on 25/10/2024
» SCB EIC, the research centre of Siam Commercial Bank, predicts that the transfer of new residential units in Greater Bangkok will decline by 10% this year, with a further contraction of 1-3% projected for 2025, mainly due to the country's sluggish economy.
Asset managers post mixed results
Business, Somruedi Banchongduang, Published on 23/05/2024
» Two bad asset management companies reported lower net profits in the first quarter this year, attributed to higher expected credit losses (ECL) amid a fragile economic recovery.
Central bank urges banks to help vulnerable
Business, Somruedi Banchongduang, Published on 25/04/2024
» The Bank of Thailand (BoT) is allowing commercial banks to adapt their business models to help vulnerable customers, in response to the prime minister's directive urging large local banks to lower lending interest rates for vulnerable groups and small businesses.
Call for better integration of the informal economy
Business, Somruedi Banchongduang, Published on 20/02/2024
» The Thai Bankers' Association (TBA) is urging the government to bring the informal economy into the economic system to promote transparency and support the country's digital economy.
Minimum wage hike seen reducing poverty
Business, Somruedi Banchongduang, Published on 20/09/2022
» Krungthai Compass, a research unit under Krungthai Bank, expects the minimum wage increase to reduce the number of poor workers, improve their income, and broadly support long-term Thai economic growth.
World Bank: 1.5m fell into poverty
Business, Somruedi Banchongduang, Published on 21/01/2021
» Around 1.5 million Thais were estimated to enter into poverty in 2020 due to the pandemic, says the World Bank.
Filling a prescription for career success
Business, Somruedi Banchongduang, Published on 04/04/2020
» Like many graduates who embark on a career to match the degree they earned, Pipit Aneaknithi started out as a pharmacist until his passion to make a difference turned him into a banker.
CIMBT mulls converting 7-Eleven branches to agents
Business, Somruedi Banchongduang, Published on 28/11/2018
» CIMB Thai Bank (CIMBT) may close its three outlets at 7-Eleven stores and turn them into banking agents instead.
Beating back debt beasties
Business, Somruedi Banchongduang, Published on 12/11/2018
» A recent news item captured public attention about a female school director in Kamphaeng Phet province who guaranteed student loan fund (SLF) debt for her 60 students, 21 of whom defaulted. After her finances ran dry, the court ordered seizure of her assets, a stark reminder that debt can ruin even a guarantor's life.