Showing 1 - 10 of 69
Tax restructure projected for 2021
Business, Somruedi Banchongduang, Published on 13/11/2020
» The Finance Ministry plans to implement tax restructuring next year in an effort to offset lower tax income and shift the economic structure because of the effect of the pandemic crisis.
HSBC posts record pre-tax profit in 2023
Business, Somruedi Banchongduang, Published on 22/02/2024
» HSBC Holdings reported a record annual pre-tax profit for 2023 thanks to higher global interest rates, despite the US$3 billion hit on its stake in China's Bank of Communications.
SCB EIC calls for long-term restructure
Business, Somruedi Banchongduang, Published on 15/12/2023
» SCB Economic Intelligence Center (EIC), the research arm of Siam Commercial Bank (SCB), has sounded the alarm on lower potential growth for Thailand's economy in the long term, calling for structural reform.
CIMBT prepares for BoT's virtual licensing
Business, Somruedi Banchongduang, Published on 26/01/2022
» CIMB Thai Bank (CIMBT) is ready to embrace the Bank of Thailand's virtual bank licensing as part of its digital strategy.
BoT backs borrowings
Business, Somruedi Banchongduang, Published on 17/08/2021
» The Bank of Thailand (BoT) is urging the government to borrow an additional 1 trillion baht to address the severe economic impact of the Covid-19 pandemic and boost the country's long-term growth prospects.
CTBC banking on Thai SMEs
Business, Somruedi Banchongduang, Published on 10/08/2021
» Taiwan-based CTBC Bank (CTBC), a major shareholder of Land and Houses Bank (LH Bank), sees high growth potential of Thai small and medium-sized enterprises (SMEs) in the long term, though the SME segment is still facing hardships amid the pandemic, LH Bank president Chompoonoot Pathomporn said in an exclusive interview with the Bangkok Post.
Credit card spending to nosedive
Business, Somruedi Banchongduang, Published on 21/11/2020
» Credit card providers expect a double-digit contraction rate in credit card spending this year because of weak consumer purchasing power amid the pandemic.
PIER highlights retirement
Business, Somruedi Banchongduang, Published on 30/10/2020
» The Puey Ungphakorn Institute for Economic Research (PIER), a research house under the Bank of Thailand, urges middle-income earners to invest long-term in preparation for retirement amid the economic downturn as asset prices have dipped.
Central bank soothes debt concerns
Business, Somruedi Banchongduang, Published on 22/08/2020
» The prospect of Thailand's public debt-to-GDP ratio edging closer to the 60% ceiling is a minor concern because fiscal policy is being used to rev up economic recovery momentum amid the pandemic, says the Bank of Thailand.
BoT looks to lighten burden for distressed borrowers
Business, Somruedi Banchongduang, Published on 29/07/2020
» The Bank of Thailand is considering adding a haircut method to the third phase of debt relief measures to help borrowers reeling from lower income caused by the virus crisis.