Showing 1 - 10 of 14
Auto sector reels from falling orders, soaring household debt
Reuters, Published on 25/09/2024
» Thailand's US$53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives.
YouTrip eager to grow regional offerings
Business, Somruedi Banchongduang, Published on 10/08/2024
» YouTrip, the Singapore-based fintech firm, is evolving beyond being a travel card service after establishing itself as Southeast Asia's leading multi-currency digital payments platform, demonstrating the fastest growth in the region's business sector.
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.
CEOs voice concerns for 2024
Business, Post Reporters, Published on 02/01/2024
» Thailand is projected to post slow economic growth in the near future compared with pre-pandemic rates. Several public and private agencies have GDP forecasts for 2024 ranging from 3-3.4%, excluding implementation of the government's digital wallet scheme.
Indorama readies B15bn in debentures, eyes sustainability
Business, Published on 09/10/2019
» Indorama Ventures Plc plans to issue 15 billion baht in subordinated perpetual debentures.
BX to stop services at month's end
Business, Published on 03/09/2019
» Bitcoin Co Ltd (bx.in.th), Thailand's largest digital asset exchange, will cease its operations at the end of this month "to focus on other business opportunities", igniting a price slump for digital assets traded on the exchange.
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.
Lukewarm lending growth for listed banks
Business, Somruedi Banchongduang, Published on 25/07/2017
» Eleven listed commercial lenders' total loans expanded at a tepid pace in the first half, rising slightly less than 2% since the end of last year and reflecting banks' cautious approach and lukewarm loan demand.
Worries about korea and france keep trade subdued
Business, Published on 24/04/2017
» Recap: Global stock markets were subdued earlier last week amid concerns over mounting geopolitical tension on the Korean peninsula and Sunday's first-round presidential election in France. However, sentiment for risk assets improved later as optimism spread about US tax reform. The Thai stock market moved back and forth amid a dearth of positive catalysts.
China anxiety hits shares, Set endures volatile week
Business, Published on 17/10/2016
» Recap: Disappointing Chinese trade data that revived concerns about the world's second largest economy weighed on global market sentiment last week. Thai shares experienced wild swings throughout the week on domestic worries, plunging below 1,400 points before buying on dips reversed the sharp drop on Friday.