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  • GENERAL

    Banks agree to reduce loan rates

    Business, Somruedi Banchongduang, Published on 26/04/2024

    » Thai banks are set to cut the minimum retail rate (MRR) by 25 basis points for a period of six months, aiming to alleviate the debt burden for vulnerable customers in response to the prime minister asking lenders to lower interest rates for vulnerable groups and small businesses.

  • THAILAND

    Siam Commercial Bank Names Pro Jeen Brand Ambassador

    Published on 25/04/2024

    » Siam Commercial Bank recognises the exceptional potential and determination of Ms. Atthaya Thitikul, also known as Pro Jeen. As a prominent female golfer, she has achieved global success at a remarkably young age, establishing a strong reputation for Thailand through her resilience and refusal to succumb to challenges. This embodies Siam Commercial Bank's commitment to enhancing customer experience through heartfelt service, ensuring customer satisfaction, and delivering services tailored to their needs.

  • INVESTMENT

    A tale of two havens

    Business, Published on 24/04/2024

    » The substantial outperformance of US equities versus US Treasuries over the first quarter of 2024 has left many multi-asset managers and investors asking: what’s next?

  • GENERAL

    Srettha nudges big banks to cut loan rates

    Published on 23/04/2024

    » Prime Minister Srettha Thavisin has urged the country’s four biggest commercial banks to reduce loan interest rates for vulnerable groups and small businesses after the Bank of Thailand repeatedly ignored his calls to lower borrowing cost from a decade-high.

  • THAILAND

    Peerapong Jirasevijinda is appointed as CEO of SCB Julius Baer

    Published on 23/04/2024

    » SCB-Julius Baer Securities Co.,Ltd. (SCB Julius Baer), the strategic wealth management joint venture between Siam Commercial Bank (SCB) and Julius Baer announced today the appointment of Mr. Peerapong Jirasevijinda as the new Chief Executive Officer to lead SCB Julius Baer and drive further growth in the wealth management segment in Thailand.

  • GENERAL

    Bank profits underwhelm in Q1

    Business, Somruedi Banchongduang, Published on 23/04/2024

    » Commercial banks booked marginal profit growth in the first quarter of this year, largely influenced by the decreased profitability of small to mid-sized banks thanks to higher provision for loan loss reserves.

  • GENERAL

    SET bounces back as war fears ease

    Business, Nuntawun Polkuamdee, Published on 23/04/2024

    » The Thai stock market rebounded sharply on Monday, rising by about 1.3%, as other regional bourses also bounced back from sharp losses on Friday as investors believe a full-blown war in the Middle East is unlikely while the People's Bank of China (PBOC) opted to keep interest rates unchanged.

  • GENERAL

    Mutual fund assets up 2.58% to B5.28tn

    Business, Nuntawun Polkuamdee, Published on 22/04/2024

    » Thailand's mutual fund industry registered a net asset value of 5.28 trillion baht in the first quarter, up 2.58% or 133 billion baht from the end of 2023, backed by strong growth of fixed income funds and foreign investment funds (FIFs).

  • GENERAL

    Banks note rising profits

    Business, Somruedi Banchongduang, Published on 20/04/2024

    » Bangkok Bank (BBL) and SCB X reported slight increases in their net profits in the first quarter this year, fuelled by higher net interest income, but tempered by a rise in loan-loss reserves.

  • INVESTMENT

    Asian shares slump as Mideast risk rises

    Published on 20/04/2024

    » RECAP: Asian stocks plunged yesterday as broad risk aversion swept through markets on escalating tensions between Iran and Israel and worries about higher-for-longer US rates.

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