Showing 1 - 10 of 21
Lighthub, WeLab duo commit to investment
Business, Komsan Tortermvasana, Published on 04/10/2024
» The consortium of Lighthub Asset and WeLab is committed to investing US$500 million over five years, as required by the Bank of Thailand to receive a virtual banking licence.
Virtual bank race: 5 in the running
Somruedi Banchongduang, Published on 23/09/2024
» The Bank of Thailand has received five applications for three virtual bank licences, with two of the bidders set to drop out of the race over the following year.
Bank of Thailand sticks to 3 virtual bank licences
Business, Somruedi Banchongduang & Nuntawun Polkuamdee, 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.
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.
Big names chase virtual bank licences
Suchit Leesa-Nguansuk, 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.
EA appoints new CEO and director
Published on 03/08/2024
» The board of directors of Energy Absolute Plc (EA) has appointed Supant Mongkolsuthree as a new director and Chatrapon Sripratum as the new chief executive officer, effective August 1.
EA eyes bond repayment delays amid fraud claims
Business, Nareerat Wiriyapong, Published on 03/08/2024
» Shares of Energy Absolute (EA) sank yesterday after the listed renewable energy company said it would seek the approval of its bondholders to delay payment on two bond tranches worth 5.5 billion baht, signalling that the company's financial woes, caused by the alleged fraud involving two executives, are getting worse.
Energy Absolute stock dives as CEO quits, rating is cut on probe
Bloomberg and Reuters, Published on 16/07/2024
» Energy Absolute Plc (EA) shares plunged by the 30% daily limit on Tuesday after the founder and chief executive quit over a fraud probe and its credit rating was slashed to junk, even as the renewables company said it is seeking outside support for its business.
Energy Absolute restructures management amid fraud allegation
Online Reporters, Published on 15/07/2024
» The board of listed renewables firm Energy Absolute has elevated chairman Somchainuk Engtrakul to the positions of director and acting chief executive after the stock exchange regulator accused the former CEO of fraud.
Asian equity rally powered by rate-cut optimism
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 16/12/2023
» RECAP: Most Asian equities extended their rallies yesterday, while currencies held onto recent gains amid a bout of Fed-fuelled optimism, after the US central bank flagged likely rate cuts next year.