Showing 1-10 of 1,642 results
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Major creditors support Italian-Thai Development
News, Somruedi Banchongduang, Published on 18/04/2024
» Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company's business operations without requiring a rehabilitation plan.
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Rever Leasing aims to lead EV loan market
Somruedi Banchongduang, Published on 17/04/2024
» Rever Leasing, an auto loan unit under Rever Automotive Co, the sole distributor of BYD electric vehicles (EVs), is poised to commence operations next month, setting a lofty goal to emerge as the premier provider of EV loans in Thailand in a few years.
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PromptPay usage hits record high in 2023
Business, Somruedi Banchongduang, Published on 12/04/2024
» Financial transactions via PromptPay, Thailand’s national electronic payment platform, tallied a new high last year, while cash transactions posted a notable decline.
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SCB, Krungthai prepare for potential Italian-Thai loan losses
Business, Somruedi Banchongduang, Published on 10/04/2024
» Siam Commercial Bank (SCB) and Krungthai Bank (KTB) have allocated provisions for potential loan losses related to Italian-Thai Development Plc (ITD), aligning with the asset quality of one of the country's leading contractors.
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Economists expect vote for rate cut
Business, Somruedi Banchongduang, Published on 09/04/2024
» Economists anticipate the Bank of Thailand will opt to lower its policy rate on Wednesday, giving a short-term boost to the country's economy, which has been hindered by delays in budget disbursement.
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Krungsri bullish on SME loan growth
Business, Somruedi Banchongduang, Published on 05/04/2024
» Bank of Ayudhya (Krungsri) is upbeat about achieving small and medium-sized enterprise (SME) loan growth of 2-3% this year, following an uptick in the first quarter as the Thai economy gradually recovers.
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Ttb's digital platform pivotal to lifting fee income growth
Business, Somruedi Banchongduang, Published on 04/04/2024
» TMBThanachart Bank (ttb) is developing its digital banking platform to cater to commercial customers, with a keen focus on aggressively increasing fee income in this segment this year.
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World Bank cuts Thai growth forecast
Business, Somruedi Banchongduang, Published on 02/04/2024
» The World Bank has slashed its forecast for Thailand's GDP growth in 2024 to 2.8%, citing a global trade slowdown and delays in the country's fiscal budget disbursement.
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Robust growth targets amidst stronger scrutiny
Business, Somruedi Banchongduang, Published on 30/03/2024
» Krungsri Consumer, an unsecured loan unit under Bank of Ayudhya (Krungsri), is committed to prioritising responsible lending practices to control asset quality, even as it sets ambitious growth goals for 2024.
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Ttb set to roll out nanofinance service in April
Business, Somruedi Banchongduang, Published on 28/03/2024
» TMBThanachart Bank (ttb) is scheduled to introduce a nanofinance service next month, employing a risk-based pricing (RBP) approach in preparation for the central bank's new lending model.
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