Showing 1 - 10 of 13
Gulf quashes KBank takeover rumour as stake increases
Business, Somruedi Banchongduang, Published on 26/04/2024
» Gulf Energy Development clarified that it has no plans to take over Kasikornbank (KBank), attributing its recent increased shareholding in the bank solely to its pursuit of investment gains.
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.
Citi favours defensive stocks
Business, Somruedi Banchongduang, Published on 22/07/2020
» Citi Thailand likes defensive stocks focused on digital and health tech to build a positive return on investment for high-net-worth customers amid recurring financial market volatility caused by the coronavirus crisis.
Thailand sidesteps US watch list
Business, Somruedi Banchongduang, Published on 30/05/2019
» Although Thailand managed to avoid a place on the US watch list for currency manipulation, the Bank of Thailand is still wary on the matter after the US Treasury tightened its criteria, says the central bank's chief.
Scrapped digital fees to hit banking income
Business, Somruedi Banchongduang, Published on 30/03/2018
» Four large banks and a few smaller ones deciding to eliminate fees for digital banking transactions will deal a blow to the industry's fee-based income, which contributes a big portion, says the chief of the Thai Bankers' Association (TBA).
SCB, KBank post weaker earnings
Business, Somruedi Banchongduang, Published on 20/01/2018
» Two of the big four commercial banks reported a sharp drop in unaudited consolidated net profit for 2017 and the three months to December, with larger bad-debt provisions taking a toll on balance sheets.
BAY looks to secure Vietnam toehold
Business, Somruedi Banchongduang, Published on 05/01/2018
» Bank of Ayudhya (BAY) is exploring opportunities in Vietnam's consumer finance market in line with its parent Bank of Tokyo Mitsubishi UFJ's (BTMU) policy to deepen the group's reach in Southeast Asia.
Scotiabank shelves TBank divestment
Business, Somruedi Banchongduang, Published on 07/09/2016
» Bank of Nova Scotia (Scotiabank), Canada's third largest lender by assets, has shelved plans to sell up to a 49% stake in Thanachart Bank (TBank) because of the fragile global economic recovery, according to a source in the banking circle.
GPF keeps position in China assets
Business, Somruedi Banchongduang, Published on 17/07/2015
» Despite the recent wild swings in China's main stock market, Thailand's Government Pension Fund (GPF) is maintaining its investments in Chinese equities and bonds because of their long-term growth potential.
AIA looks abroad to cut risk
Business, Somruedi Banchongduang, Published on 02/08/2013
» AIA Thailand, the country's largest life insurer by premiums, plans to diversify its investment portfolio to foreign bonds and equities this year amid rising political and economic risks at home.