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GENERAL

KFIN to push investment in tech startups

Business, Somruedi Banchongduang, Published on 11/12/2023

» Krungsri Finnovate Co (KFIN), a corporate venture capital arm of Bank of Ayudhya (Krungsri), plans to expand investment in tech startups in regional markets to support its parent company's business operations in Asean.

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GENERAL

CIMBT aims to grow offshore portfolio

Business, Somruedi Banchongduang, Published on 09/08/2023

» CIMB Thai Bank (CIMBT) expects to grow offshore loans this year thanks to regional business expansion of large local corporations, in line with Asean's economic growth.

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BUSINESS

UOB chief champions rise of sustainable financing

Somruedi Banchongduang, Published on 24/05/2023

» United Overseas Bank (UOB) has developed green frameworks to provide companies with simplified access to green and sustainable financing so that they can build resilient businesses, said Tan Choon Hin, president and CEO of UOB Thailand.

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BUSINESS

Two-pronged approach for Tisco Financial

Business, Somruedi Banchongduang, Published on 20/05/2023

» Tisco Financial Group, a holding company of Tisco Bank, plans to focus on what it considers two businesses related to S-curve industries: auto title loans and corporate banking.

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BUSINESS

Krungsri upbeat on M&A view

Business, Somruedi Banchongduang, Published on 22/02/2023

» Bank of Ayudhya (Krungsri) sees greater opportunity for large corporate customers to make merger and acquisition (M&A) deals this year thanks to a clearer economic outlook following the easing of the pandemic.

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BUSINESS

Private bank says foreign investors upbeat on Thai stocks

Business, Somruedi Banchongduang, Published on 09/02/2023

» Foreign investors hold an optimistic view of Thailand's stock market this year thanks to the country's economic recovery, driven by the tourism sector and China's reopening, says an investment analyst.

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BUSINESS

Offshore investments to lure mass market

Business, Somruedi Banchongduang, Published on 31/01/2023

» CIMB Thai Bank (CIMBT) has expanded its wealth management services to cover the mass market by offering offshore investment products with higher returns.

BUSINESS

SCB X allocates $50m for Indonesia's BJJ

Business, Somruedi Banchongduang, Published on 21/09/2022

» SCB X, a holding company of Siam Commercial Bank and SCB X Group, has invested US$50 million via an indirect investment in Indonesia-based Bank Jasa Jakarta (BJJ) through WeLab Sky as part of SCB X's strategy to become a regional financial technology group.

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BUSINESS

Tourist surge to propel economy in 2nd half

Business, Somruedi Banchongduang, Published on 28/07/2022

» The Thai economy will continue to recover in the second half of this year, supported by all the indicators including private consumption and foreign tourist arrivals, says a Bank of Thailand executive.

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TECH

Krungsri arm to bolster online presence

Business, Somruedi Banchongduang, Published on 25/05/2022

» Krungsri Auto Broker, an insurance broker under Bank of Ayudhya (Krungsri), will strengthen its online channels and digital platforms, in a bid to grow the business this year.