Showing 1 - 10 of 92
Ban on transactions from mule accounts imminent
Business, Somruedi Banchongduang, Published on 06/02/2025
» The banking industry is set to implement a ban on financial transactions involving mule accounts in March, in compliance with the Bank of Thailand's (BoT) directive.
BoT clamps down on mule accounts
Business, Somruedi Banchongduang, Published on 31/01/2025
» The Bank of Thailand is tightening rules for financial transactions to control mule accounts and plans to extend stricter measures to include digital assets and e-wallets in the next phase.
Driving regional growth: UOB’s vision for Thailand
Business, Somruedi Banchongduang, Published on 11/12/2024
» UOB Thailand is poised to support business clients with their regional expansion, capitalising on Southeast Asia’s growth potential, while also helping Thai individuals access financial services more effectively amidst growing household debt.
Rate cut to have muted effect on potential homebuyers
Business, Somruedi Banchongduang, Published on 24/10/2024
» The Housing Finance Association expects the recent policy rate cut by the Bank of Thailand will have a greater effect on mortgage holders than potential home loan applicants, as consumer purchasing power remains weak.
SCB EIC sees soft landing
Business, Somruedi Banchongduang, Published on 13/09/2024
» SCB EIC, the research centre of Siam Commercial Bank (SCB), forecasts Thailand is likely to experience a soft economic landing next year as growth momentum slows.
Mortgage rejection rates likely to persist
Business, Somruedi Banchongduang, Published on 09/08/2024
» Mortgage applications for homes priced below 3 million baht will likely continue to face higher rejection rates over the next two years because of a slowdown in the residential segment.
Fitch downgrades based on financial leverage
Business, Somruedi Banchongduang, Published on 11/07/2024
» Fitch Ratings Thailand downgraded three large local companies in the first half of this year based on their weakened ability to repay debt, attributed to increased financial leverage.
Banks see flat loan growth
Business, Somruedi Banchongduang, Published on 26/01/2024
» The banking sector booked flat loan growth last year as a result of debt repayment by borrowers and banks' increased scrutiny of loan expansion amid heightened economic uncertainties.
CIMBT eyes growth in wealth segment
Business, Somruedi Banchongduang, Published on 20/12/2023
» CIMB Thai Bank (CIMBT) is planning an aggressive expansion of its wealth segment next year, targeting double-digit growth for the new client base.
BoT increases policy rate to 2.50%
Business, Somruedi Banchongduang, Published on 28/09/2023
» The Bank of Thailand's Monetary Policy Committee (MPC) voted unanimously yesterday to raise the policy rate by a quarter percentage point from 2.25% to 2.50%, effective immediately, the highest level since October 2013.