Showing 1 - 10 of 102
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.
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.
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.
Council raises issue of NPL surge at SFIs
Business, Wichit Chantanusornsiri, Published on 29/06/2020
» Chatchai Sirilai, chairman of the Government Financial Institutions Council, has flagged concerns about spikes in bad loans among specialised financial institutions (SFIs) after their debt relief measures expire, urging state lenders to start assessing their borrowers' repayment ability.
IBank to double number of branches nationwide
Business, Wichit Chantanusornsiri, Published on 27/05/2020
» State-owned Islamic Bank of Thailand (IBank) has been instructed to more than double the number of branches to 100 nationwide with a focus on the South, home to the country's largest concentration of Muslims.
Shutdowns prompt call for aid
News, Wichit Chantanusornsiri, Published on 16/11/2019
» In the wake of a spate of business shutdowns, Finance Minister Uttama Savanayana has instructed specialised financial institutions (SFIs) to roll out assistance measures for their ailing business customers.
Good governance sorely lacking at state-run banks
News, Wichit Chantanusornsiri, Published on 25/07/2019
» During parliamentary debates on the Prayut Chan-o-cha government's policy statement, scheduled for tomorrow and Friday, the state-run Krung Thai Bank's (KTB) 9.9-billion-baht loan scandal will likely be taken up by the opposition targeting one cabinet member, Finance Minister and Palang Pracharath Party (PPRP) leader Uttama Savanayana. When the loan was approved in 2003, Mr Uttama was an executive board member of the bank.
Sepo urges TOT-CAT merger
Business, Wichit Chantanusornsiri, Published on 15/06/2019
» The State Enterprise Policy Office (Sepo) will propose to the new government a plan to merge TOT Plc with CAT Telecom, a move deemed essential to helping the two state telecom firms turn the corner.
IBank aims to slash bad debts to 5%
Business, Wichit Chantanusornsiri, Published on 13/06/2019
» State-owned Islamic Bank of Thailand (IBank) has set an aggressive target of trimming its bad debt ratio to 5% in the next 3-4 years from 20% currently.