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Search Result for “purpose”

Showing 1 - 10 of 15

BUSINESS

Gulf opts to maintain KBank shareholding at 10% cap

Business, Somruedi Banchongduang, Published on 17/04/2026

» Gulf Development Plc has no plans to increase its shareholding in Kasikornbank (KBank) beyond 10%, partly due to additional regulatory requirements.

BUSINESS

Bank of Thailand to monitor KBank after Gulf purchase

Business, Somruedi Banchongduang, Published on 18/02/2026

» The Bank of Thailand is monitoring the increased shareholding in Kasikornbank (KBank) of 10% by Gulf Development Plc, saying KBank will be placed under intensified supervisory oversight.

BUSINESS

Bank of Thailand takes closer look at large cash transactions

Business, Somruedi Banchongduang, Published on 12/02/2026

» The Bank of Thailand is tightening oversight of cash transactions by introducing stricter due diligence requirements and clearer verification of the purpose of fund usage, in an effort to curb suspicious transactions.

BUSINESS

KTC banking on new IT loan initiative

Business, Somruedi Banchongduang, Published on 30/04/2025

» Krungthai Card (KTC), a leading credit card provider under Krungthai Bank (KTB), has initiated a loan scheme aimed at acquiring new customers interested in IT products and electronics, while maintaining asset quality amid a fragile economic environment.

BUSINESS

Robust monetary policy declared

Business, Somruedi Banchongduang, Published on 07/01/2025

» The Bank of Thailand is committed to maintaining a strong monetary policy framework amid heightened uncertainty, especially given expected policies set to be introduced in the US.

BUSINESS

Treading a familiar path to super-app status

Business, Somruedi Banchongduang, Published on 12/11/2022

» Robinhood, the Thai on-demand service application, has set an ambitious target to become a regional platform in the near future.

BUSINESS

Ambitious JK AMC targets pole position

Business, Somruedi Banchongduang, Published on 30/06/2022

» JK Asset Management (JK AMC), a joint venture forged by Kasikornbank (KBank) and JMT Network Services, has set an ambitious goal to become the country's No.1 asset management company, with bad assets of 100 billion baht under its management by 2025.

BUSINESS

BoT strategy needs clearer objectives

Business, Somruedi Banchongduang, Published on 25/02/2022

» The private sector agrees with the Bank of Thailand's planned financial landscape that aims to create a sustainable digital economy, but the plan requires clearer objectives in certain areas.

LIFE

CBDC trial pushed to late next year

Business, Somruedi Banchongduang, Published on 25/12/2021

» The Bank of Thailand has postponed the testing of its retail Central Bank Digital Currency (CBDC) until late 2022 as it awaits the readiness of related stakeholders to participate in the trial.

LIFE

Portfolio in the palm of your hand

Business, Somruedi Banchongduang, Published on 19/04/2021

» As equity markets have an improved outlook worldwide and interest rates are relatively low across the globe, investors eager for higher returns are turning to mutual funds, which have lapped deposit banking account.