Showing 1 - 10 of 371
Bank of Thailand sticks to 3 virtual bank licences
Business, Published on 21/09/2024
» The Bank of Thailand is maintaining its policy of initially granting only three virtual bank licences, despite receiving a large number of applications from interested operators.
Samyan Mitrtown to break even in three years
Business, Kanana Katharangsiporn, Published on 21/09/2024
» SET-listed Frasers Property Thailand is expecting the Samyan Mitrtown mixed-use project to break even within three more years, a shorter period than other commercial projects, but longer than initially anticipated because of the pandemic.
Lighthub-WeLab consortium among virtual bank applicants
Nuntawun Polkuamdee, Published on 20/09/2024
» A consortium of Lighthub Asset, a Thai fintech powerhouse, and WeLab, a leading pan-Asian fintech platform, has applied for the Bank of Thailand's (BoT) virtual bank licence, with results expected in the first half of 2025.
Operator of Ohkajhu sees green with IPO
Business, Lamonphet Apisitniran, Published on 20/09/2024
» Pluk Phak Praw Rak Mae Co, which runs Ohkajhu organic restaurants, is preparing to sell 159 million shares to raise funds worth 1.06 billion baht under its initial public offering (IPO) scheme to build its food and beverage businesses.
Big names chase virtual bank licences
Published on 19/09/2024
» Competition for new virtual bank licences has intensified, with five major business groups confirming their intentions prior to the deadline for submissions on Thursday.
Vietnam tycoon faces second fraud trial after death sentence
Bloomberg News, Published on 19/09/2024
» HANOI - The second trial of Vietnamese real estate tycoon Truong My Lan, already facing the death penalty for massive fraud, began Thursday morning, underscoring the new Communist Party chief's determination to press ahead with a crackdown on corruption.
Extra budget to fix deficits
News, Mongkol Bangprapa, Published on 19/09/2024
» The cabinet has approved an additional budget of nearly 6 billion baht to compensate healthcare units under the universal healthcare scheme that have suffered significant losses due to rising costs.
Richmont's, JLL tout UK opportunities
Kanana Katharangsiporn, Published on 19/09/2024
» Property consultants Richmont's Thailand and Jones Lang LaSalle (JLL) have introduced London properties priced from 15 million baht to attract Thai investors amid a quiet Bangkok condo market.
Illuminating the Digital Landscape
Published on 18/09/2024
» In 2022, a staggering 255 billion new app downloads took place worldwide, accompanied by an impressive $67 billion spent at app stores. With users dedicating an average of five hours daily to their mobile phones, equating to over a third of their waking hours, the mobile advertising expenditure skyrocketed to an astonishing $336 billion.
Emergency flood budget gets the nod
News, Published on 18/09/2024
» The cabinet on Tuesday approved a request by the Ministry of Interior to divert 3.04 billion baht from the central budget in the current fiscal year to fund the government's provision of financial assistance to flood victims in many provinces.