Showing 1 - 10 of 32
Rever Leasing aims to lead EV loan market
Somruedi Banchongduang, Published on 17/04/2024
» Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.
Court orders daughter, bank to pay B200m for theft
Gary Boyle, Published on 20/01/2023
» The Phra Khanong Civil Court has ordered a woman, two bank employees and a bank to pay more than 200 million baht in compensation to an elderly woman over the theft of over 250 million baht from her accounts.
Taking a deep dive into the baht rebound
Business, Janine Phakdeetham, Published on 03/08/2022
» The currency of Southeast Asia's second-largest economy traded against the greenback at 36.08 on Monday, appreciating 1.4% compared to a week prior.
Oil, war, pandemic: Economic costs mount
Business, Published on 14/03/2022
» The Russian invasion of Ukraine is sending economic shockwaves around the globe with crude oil prices at one point reaching US$130 per barrel, hitting businesses already reeling from tepid consumption caused by the Covid-19 pandemic.
Care and feeding of a fragile economy
Business, Published on 08/10/2018
» Raising the policy interest rate at a time when the country's economy remains vulnerable could stall a recovery towards sustained growth, warns Finance Minister Apisak Tantivorawong.
GSB aims for the top of mobile service segment
Business, Published on 20/11/2017
» As digital banking becomes the new battleground for banks to compete for customers, state-owned Government Savings Bank (GSB) has set its sights to be among the top three mobile banking service providers by number of users in the next two years and the largest in the next five years.
Adapt or die fighting the giants
Business, Published on 25/09/2017
» Thai banks have one to two years to adapt to the disruptive digital platform, which is changing the way people spend, live and make payments, as they face a do-or-die scenario regarding technology, warns Siam Commercial Bank's (SCB) chief marketing officer Thana Thienachariya.
SET has best week of year as Pyongyang rattles investors
Business, Published on 04/09/2017
» Recap: Another missile launch by North Korea and Hurricane Harvey in the US shook global capital markets as investors reallocated assets, shifting to safe havens such as gold and bonds, as well as equities in Asian emerging markets including Thailand. Previously the worst performer among emerging market peers, the SET had its highest weekly percentage gain of the year.
TCG to push for more help for SMEs
Business, Published on 04/09/2017
» The state-owned Thai Credit Guarantee Corporation (TCG) will discuss a new portfolio guarantee scheme (PGS) worth 150-200 billion baht with the Finance Ministry in early October. The scheme is meant to allow small businesses continued access to bank loans amid the uneven economic recovery.
BoT tightens belt on consumer loans
Business, Published on 30/06/2017
» The Bank of Thailand is set to announce tighter regulations governing unsecured loans next month as part of its effort to discourage consumers, particularly low-income earners, from accumulating further debt.