Showing 1-10 of 689 results
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Superrich digitising with fintech company
Business, Somruedi Banchongduang, Published on 27/02/2017
» Superrich International Exchange (1965) Co, a leading local money changer, is dipping its toe into the burgeoning financial technology (fintech) sector. It is looking to set up a new company to digitise its services, a move that could disrupt the traditional foreign exchange business.
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BoT eyes higher bank capital reserves
Business, Somruedi Banchongduang, Published on 25/03/2022
» The business groups of commercial banks planning to invest in digital asset businesses will have to keep sufficient capital reserves to handle possible risk, according to the central bank.
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Kubix debuts country's first project-based tokenisation
Business, Somruedi Banchongduang, Published on 23/02/2022
» Kubix Digital Asset Co Ltd, an initial coin offering (ICO) portal under Kasikornbank, is offering the country's first asset tokenisation service to a film production project with a total value of 265 million baht.
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With China, possibilities abound for SCB
Business, Somruedi Banchongduang, Published on 17/07/2019
» Greater opportunities for Thailand as a destination for China's outbound investment have been spotted as trade diversifies amid the US-China trade dispute, according to a Siam Commercial Bank (SCB) senior executive.
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BoT yet to take action in KTB case
Business, Somruedi Banchongduang, Published on 11/01/2019
» The Bank of Thailand has yet to take action against Kittiphun Anutarasoti, chief executive of CIMB Thai Bank (CIMBT), after Krungthai Bank (KTB) made public the findings of its investigation into loans extended to Energy Earth, which included serious allegations against him.
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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.
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TMB on alert for takeovers
Business, Somruedi Banchongduang, Published on 06/11/2017
» Local banks are keen to jump on the digital bandwagon. But TMB Bank chief executive Boontuck Wungcharoen believes size still matters for the banking business and his company should brace for mergers and acquisitions (M&A) that might happen in the future.
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SSI rehabilitation plan 'almost ready'
Business, Somruedi Banchongduang, Published on 17/02/2016
» The business rehabilitation plan of Sahaviriya Steel Industries Plc, the country's largest maker of hot-rolled coil steel, will soon be finished, says Siam Commercial Bank (SCB), one of SSI's major creditors.
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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.
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SSI to finish rehab plan by August
Business, Somruedi Banchongduang, Published on 28/03/2016
» The business rehabilitation plan for Sahaviriya Steel Industries Plc (SSI) is expected to be completed by August, one of its bank creditors has said. Among the crucial elements of the programme are a debt-to-equity swap and a new strategic partner.
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