Showing 1 - 10 of 58
Bankers hope to mimic Vietnam deal
Business, Published on 09/07/2025
» The US's proposed 36% tariff on Thai goods is likely to severely undermine Thailand's export competitiveness, warn economists in the banking sector.
Gulf's KBank share purchase sparks takeover speculation
Published on 20/03/2025
» Gulf Energy Development (Gulf) has become the fifth-largest shareholder in Kasikornbank (KBank), Thailand’s third-largest lender by asset value, in a move that sparked speculation that the energy giant may replicate its takeover of Intouch Holdings (INTUCH).
Bank of Thailand sticks to 3 virtual bank licences
Business, 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.
Worldwide IT outage was digital red flag
Business, Published on 29/07/2024
» The worldwide IT outage on July 19 caused by a faulty software update issued by cybersecurity firm CrowdStrike Holdings has served as a wake-up call to local organisations that it's time to ensure their systems are better prepared to deal with the unexpected.
Scandal stalks stocks
Published on 22/07/2024
» The Stock Exchange of Thailand (SET) was recently hit by an accounting and embezzlement scandal at Stark Corporation, which is estimated to have cost at least 14.7 billion baht in damages to shareholders and stock investors.
Thai EVs face insurance hurdles
Published on 02/07/2024
» Thailand’s rapidly expanding electric vehicle (EV) market could face setbacks if insurance companies refuse to provide coverage for EVs, says the Thai Automotive Industry Association (TAIA).
Economy in need of revival
Business, Published on 03/06/2024
» Following a disappointing GDP expansion reading of only 1.5% in the first quarter, trailing other economies in the region, the Thai government plans to pick up the pace to stimulate economic growth.
War of independence
Business, Published on 13/05/2024
» Following a speech by Pheu Thai Party leader Paetongtarn Shinawatra declaring the independence of the Bank of Thailand an obstacle to fixing a stagnant economy, the issue has been echoed in media reports, fuelling an ongoing rift between the central bank and the coalition government.
Bank of Thailand maintains policy rate at 2.5%
Business, Published on 11/04/2024
» The Bank of Thailand has resisted government pleas for a reduction of the policy rate, deciding on Wednesday to keep the rate unchanged at 2.5% for a third straight meeting, noting the Thai economy is sustaining its growth trajectory and surpassing the level of 2023.
Bankers wary regarding debt
Business, Published on 19/02/2024
» The high level of profits posted by the Thai banking sector last year generated a good deal of controversy, with some commentators suggesting interest rates were too high.