Showing 1 - 10 of 37
Flood victims to get financial help
Business, Wichit Chantanusornsiri, Published on 28/08/2024
» The Finance Ministry has announced up to 14 financial measures including debt suspension and liquidity support to assist residents and businesses affected by the ongoing floods.
Exim Bank offers cheap loans to halal exporters
Business, Wichit Chantanusornsiri, Published on 07/08/2024
» The Export-Import Bank of Thailand (Exim Bank) has teamed up with the Islamic Bank of Thailand (IBank) to offer loans with interest rates lower than the prime rate to support the goal of becoming Asean's halal hub by 2028.
IBank posts huge profit gain for 2023
Business, Wichit Chantanusornsiri, Published on 11/06/2024
» The Islamic Bank of Thailand (IBank) reported a 1,553% increase in net profit last year compared with 2022.
Committee to promote Thai-Saudi ties
Business, Wichit Chantanusornsiri, Published on 10/05/2024
» Thailand and Saudi Arabia have agreed to establish a Joint Trade Committee (JTC) to promote trade between the two countries.
IBank finally flourishes
Business, Wichit Chantanusornsiri, Published on 02/03/2024
» Over the past two decades, the Islamic Bank of Thailand (IBank) has faced numerous challenges in becoming the sole financial institution in the country to provide sharia-compliant financial services in accordance with Islamic principles, says president Thaweelap Rittapirom.
Tapping a vast market
Business, Wichit Chantanusornsiri, Published on 12/02/2024
» The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.
Going global
Business, Wichit Chantanusornsiri, Published on 24/07/2023
» Why are Thai small and medium-sized enterprises (SMEs) unable to penetrate foreign markets as other countries do? Apart from a lack of courage in tackling obstacles to international trade, Thai SMEs' lack of research and development (R&D) is one of the key factors hindering them from entering the global market.
IBank targets fewer NPLs
Business, Wichit Chantanusornsiri, Published on 25/04/2023
» The Islamic Bank of Thailand (IBank) aims to reduce its non-performing loans (NPLs) to 8 billion baht this year, from the current level of 13 billion baht, by helping its major corporate customers restructure their debt, says the bank's president Thaweelap Rittapirom.
SMEs urged to look beyond Thailand
Business, Wichit Chantanusornsiri, Published on 28/11/2022
» The courage to venture to overseas frontiers and easier access to loans are the key factors to facilitate small and medium-sized enterprises (SMEs) becoming exporters, according to lenders and industry leaders.
Govt backs SFIF contribution cut
News, Wichit Chantanusornsiri, Published on 01/07/2020
» The cabinet on Tuesday allowed specialised financial institutions to halve their contribution to the Specialised Financial Institution Development Fund (SFIF) to 0.125% of deposit base for two years, starting this year.