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Search Result for “penetration”

Showing 1 - 10 of 12

BUSINESS

Call to let foreigners buy more insurance

Business, Nareerat Wiriyapong, Published on 12/02/2026

» Allowing foreigners to buy insurance policies in Thailand with foreign currencies, particularly yuan, would lift the domestic insurance industry, which is pressured by low interest rates and a sluggish economy, says the Thai unit of French insurer AXA.

BUSINESS

Chow Tai Fook keen to expand abroad

Business, Nareerat Wiriyapong, Published on 24/10/2025

» The rebounding tourism sector not only gives a boost to local hotels and tourism-related businesses, but also to Chinese jewellery brand Chow Tai Fook as the Hong Kong-listed firm aims to capitalise on the growth of affluent Chinese travellers and a growing middle class in Southeast Asia.

BUSINESS

Winning combination

Business, Nareerat Wiriyapong, Published on 10/03/2025

» The way multinational companies look at developing a presence in particular markets can differ. At AXA, the second-largest European insurer in terms of revenue, it opts to partner with local banks in Southeast Asia to ensure success in a region it deems full of untapped potential.

BUSINESS

Binance targets Thailand as key market for crypto expansion

Business, Nareerat Wiriyapong, Published on 05/11/2024

» Thailand is one of Binance's key strategic markets as the world's largest cryptocurrency exchange aims to reach the one-billion-user mark, amid a push to turn crypto into a mainstream currency, executives say.

BUSINESS

FWD intent on expanding market share

Business, Nareerat Wiriyapong, Published on 21/09/2024

» In the competitive Thai insurance field, an 11-year-old company has already emerged as a major player.

BUSINESS

Co-payment option likely in 2025

Business, Nareerat Wiriyapong, Published on 30/08/2024

» The co-payment option, likely to take effect in January, will benefit the insurance industry in the long run as the model seeks to reduce unnecessary claims, lower premium costs and improve affordability for health insurance in an aged society, as Thailand is now dubbed, says Maybank Securities.

BUSINESS

Axa to focus on Asia for long-term growth

Business, Nareerat Wiriyapong, Published on 11/10/2022

» Southeast Asia, Greater China and Japan will remain the three pillars of Axa Group as it grows its business in the coming years, the Paris-based insurer says, noting that the Thai insurance industry is poised for an upward growth trend from 2022 onwards.

BUSINESS

Asean's next move

Asia focus, Nareerat Wiriyapong, Published on 29/11/2021

» The coronavirus pandemic has taken a severe toll on Asean countries again this year, with millions infected and tens of thousands of fatalities. While the worst of the surge appears to have passed, recovery will depend on pandemic management, especially the pace and efficacy of vaccinations, and response to the risks of new variants emerging.

BUSINESS

Securing our digital future

Asia focus, Nareerat Wiriyapong, Published on 22/11/2021

» Paying bills and transferring money using a mobile phone is now second nature for most people in the digital era. My own digital journey started later than some, when the Covid-19 pandemic started to affect my life profoundly. Banks and restaurants were closed and commuting on public transport made me uncomfortable.

BUSINESS

Real-time payment push

Asia focus, Nareerat Wiriyapong, Published on 31/08/2020

» Southeast Asia has been making great strides in terms of innovation in real-time payments as countries work to ensure the strength and competitiveness of their financial systems.