Showing 1 - 9 of 9
BOT acts to help hard-up companies
News, Somruedi Banchongduang, Published on 20/04/2021
» The Bank of Thailand (BOT)'s latest steps to help ease the strain on business operators hit by the Covid-19 pandemic are scheduled to come into force this week.
Debt Clinic ready to cure thousands
Business, Somruedi Banchongduang, Published on 08/05/2019
» The Bank of Thailand expects tens of thousands of debtors who have defaulted to join its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, covering 19 non-bank companies.
The dawn of digital banking
Spectrum, Somruedi Banchongduang, Published on 22/04/2018
» When out at any shopping mall, it's common for consumers to use anything from credit cards to e-wallets when making purchases nowadays. But when it comes to traditional markets, or talat nat, found faraway from these commercial venues, it's only been recently that one can catch sight of these types of transactions taking place.
Half of Thais can't carry on financially after retirement
Business, Somruedi Banchongduang, Published on 18/07/2017
» Half of the Thai population does not have enough savings for a comfortable post-retirement life as they are mired in high debt -- an alarming sign as the country moves towards an ageing society.
BoT 'suppressed baht' to bolster exports: KBank
Business, Somruedi Banchongduang, Published on 14/07/2017
» The Bank of Thailand intervened in the currency market last week in what was believed to be an attempt to prevent the baht strengthening so as to stop export recovery momentum stalling, according to a senior official at Kasikornbank (KBank).
SAM arranging debt collection unit
Business, Somruedi Banchongduang, Published on 19/04/2017
» Sukhumvit Asset Management (SAM), a wholly owned bad-asset management firm under the Financial Institutions Development Fund, is seeking central bank approval to dip its toes into debt collection service for consumer loans.
All set for PromptPay
Business, Somruedi Banchongduang, Published on 28/12/2016
» After the lengthy testing process of PromptPay's consumer-to-consumer (C2C) service, a major bid to turn Thailand into digital payment mode, the money transfer service has been pushed back to further ensure its accuracy, stability and security. Originally slated for roll-out at the end of October, Predee Daochai, chairman of the Thai Bankers' Association (TBA), has confirmed that it is now scheduled for the first quarter of 2017.
Chip bank cards the rule in 2019
Business, Somruedi Banchongduang, Published on 05/05/2016
» Some 60 million magnetic-stripe ATM and debit cards issued by local commercial banks and circulating in the market will be upgraded to chip-embedded cards by the end of 2019, says a senior central bank official.
KTB denies seeking pardons for execs
News, Somruedi Banchongduang, Published on 28/08/2015
» Krungthai Bank (KTB) has denied reports it is preparing to seek royal pardons for 10 of its former executives and two current employees convicted of being involved in approving more than 9.9 billion baht of unsecured loans.