Showing 1 - 10 of 25
Exim Bank offers cheap loans to halal exporters
Business, Wichit Chantanusornsiri, Published on 07/08/2024
» The Export-Import Bank of Thailand (Exim Bank) has teamed up with the Islamic Bank of Thailand (IBank) to offer loans with interest rates lower than the prime rate to support the goal of becoming Asean's halal hub by 2028.
IBank posts huge profit gain for 2023
Business, Wichit Chantanusornsiri, Published on 11/06/2024
» The Islamic Bank of Thailand (IBank) reported a 1,553% increase in net profit last year compared with 2022.
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.
Tapping a vast market
Business, Wichit Chantanusornsiri, Published on 12/02/2024
» The restoration of diplomatic relations between Thailand and Saudi Arabia in 2022 following a 30-year break has created new opportunities for Thailand to tap into demand for its halal products in Middle Eastern markets.
Solar solutions
Life, Suwitcha Chaiyong, Published on 12/02/2024
» Four years ago, Boonyuen Siritham, president of the Thailand Consumers Council (TCC), paid around 17,000 baht to 18,000 baht monthly in petrol and electricity bills. As an environmentalist, she aimed to reduce greenhouse gas emissions and cut her expenses so she decided to install a solar rooftop and switched to an electric car. Since then, she pays only 2,500 baht per month for electricity.
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.
Making Thai gems and jewellery shine again
Asia focus, Thaweelap Rittapirom, Published on 30/08/2021
» Thailand's gems and jewellery industry, like many others, has been battered by the Covid-19 pandemic.
Asia's climate efforts at a crossroads
Asia focus, Thaweelap Rittapirom, Published on 16/08/2021
» Asean nations that are parties to the Paris Climate Agreement are touting plans to increase renewable energy generation, but governments in Asia need to do more, faster, to mitigate climate change.
Bank of Japan gives green finance a boost
Asia focus, Thaweelap Rittapirom, Published on 02/08/2021
» The Japanese central bank recently announced a series of incentives for climate-linked loans and investments, to help financial institutions address climate change issues.
China's rising wealth and market power
Asia focus, Thaweelap Rittapirom, Published on 26/07/2021
» China has massive household wealth, but its people currently face many restrictions on how they can invest it. There are currently more than 2 million high-net-worth individuals in the country -- those with more than US$1 million in investable assets -- and this number is expected to rise sharply over the next few years. China already has the world's largest wealth management sector, with more than $15 trillion in assets under management.