Showing 1 - 10 of 167
Banks post marginal profit growth in Q1
Business, Somruedi Banchongduang, Published on 22/04/2025
» The banking industry reported marginal growth in net profit for the first quarter of 2025, primarily due to lower net interest income (NII), aligning with a contraction in loans.
Baht expected to skim 34.50 per dollar
Business, Somruedi Banchongduang, Published on 04/04/2025
» The baht is expected to test a low of around 34.50 per US dollar over the next month amid heightened uncertainty following the US announcement of reciprocal tariffs of 37% on Thai imports.
KBank, ttb aim to normalise credit costs
Business, Somruedi Banchongduang, Published on 20/03/2025
» Kasikornbank (KBank) and TMBThanachart Bank (ttb) want to normalise their credit costs this year by enhancing asset quality while maintaining stable loan growth.
Baht expected to dip to 35 by mid-year
Business, Somruedi Banchongduang, Published on 25/02/2025
» Standard Chartered Bank (Thai) forecasts the baht will weaken to around 35 per greenback by mid-2025, driven by escalating trade tensions.
Baht expected to weaken
Business, Somruedi Banchongduang, Published on 12/02/2025
» The baht is expected to weaken over the next few weeks amid rising global trade tensions following the recent US decision to increase tariffs on aluminium and steel imports to 25%.
Bangkok housing market set to decline amid poor economy
Business, Somruedi Banchongduang, Published on 25/10/2024
» SCB EIC, the research centre of Siam Commercial Bank, predicts that the transfer of new residential units in Greater Bangkok will decline by 10% this year, with a further contraction of 1-3% projected for 2025, mainly due to the country's sluggish economy.
Banks post modest increase in profits
Business, Somruedi Banchongduang, Published on 22/10/2024
» The banking sector reported a modest increase in profits for the first nine months of 2024, driven by gains in both interest and fee income, while continuing to allocate substantial reserves for loan losses in preparation for heightened uncertainties.
Baht volatility against the dollar exceeds regional peers
Business, Somruedi Banchongduang, Published on 10/09/2024
» The baht has been exhibiting a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and Thailand's gold imports.
Improved economic data in July
Business, Somruedi Banchongduang, Published on 31/08/2024
» Economic data in July improved from the previous month, mainly attributed to exports and tourism, according to the Bank of Thailand.
YouTrip eager to grow regional offerings
Business, Somruedi Banchongduang, Published on 10/08/2024
» YouTrip, the Singapore-based fintech firm, is evolving beyond being a travel card service after establishing itself as Southeast Asia's leading multi-currency digital payments platform, demonstrating the fastest growth in the region's business sector.