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BUSINESS

Treading a familiar path to super-app status

Business, Somruedi Banchongduang, Published on 12/11/2022

» Robinhood, the Thai on-demand service application, has set an ambitious target to become a regional platform in the near future.

BUSINESS

Baker Tilly's M&A business hitting its stride in Thailand

Business, Somruedi Banchongduang, Published on 06/11/2014

» The formation of the Asean Economic Community (AEC) late next year and Thailand's established infrastructure system have helped to double outbound and inbound merger and acquisition (M&A) deals by Baker Tilly Corporate Advisory Services (Thailand) this year.

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GENERAL

‘Buy now, pay later’ abuse under scrutiny

Somruedi Banchongduang, Published on 07/05/2024

» The National Credit Bureau (NCB) is calling on providers of buy now, pay later (BNPL) services to improve risk controls to prevent misuse of the system to create informal loans.

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GENERAL

KBank eases digital loans to improve asset quality

Business, Somruedi Banchongduang, Published on 07/05/2024

» Kasikornbank (KBank) has opted to slow the pace of its digital personal loan business to refine its business model, improving control of the quality of its loan products.

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GENERAL

1% credit card fee remains on hold

Business, Somruedi Banchongduang, Published on 04/05/2024

» The Bank of Thailand is continuing to freeze the attempt to charge an additional 1% fee to local credit cardholders, prompting card issuers to explore alternative solutions.

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GENERAL

Impact of loan rate cuts on key players deemed as limited

Business, Somruedi Banchongduang, Published on 02/05/2024

» The country's four largest banks expect a limited impact from the reduction in their loan interest rates based on the specific customer demographics and the limited time frame of the debt relief measures.

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GENERAL

BoT: Baht to reverse course in H2

Business, Somruedi Banchongduang, Published on 01/05/2024

» The baht depreciation softened in April, supported by the Thai economy's improving momentum, while a central bank executive expects the local currency to strengthen in the second half of this year.

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GENERAL

Citi keen to aid expansion of mid-sized firms

Business, Somruedi Banchongduang, Published on 01/05/2024

» International bank Citi is planning to support medium-sized enterprises in Thailand and Asia as they venture into overseas markets, leveraging burgeoning opportunities as the region's economies grow rapidly.

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GENERAL

Krungsri upbeat on outlook for Japanese, multinational loans

Business, Somruedi Banchongduang, Published on 30/04/2024

» Bank of Ayudhya (Krungsri) has set an ambitious loan growth target for its Japanese and multinational corporation (JPC/MNC) banking business this year, despite experiencing a loan contraction in this segment last year.

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GENERAL

Cross-border QR payments with India set to begin in Q3

Business, Somruedi Banchongduang, Published on 29/04/2024

» The Bank of Thailand is gearing up to launch QR code cross-border payments between Thailand and India by the third quarter of this year, with plans to extend the system to become a multinational payment network spanning Asia.