Showing 1 - 9 of 9
Banks agree to reduce loan rates
Business, Somruedi Banchongduang, Published on 26/04/2024
» Thai banks are set to cut the minimum retail rate (MRR) by 25 basis points for a period of six months, aiming to alleviate the debt burden for vulnerable customers in response to the prime minister asking lenders to lower interest rates for vulnerable groups and small businesses.
Bank of Thailand warns of long-term downturn
Business, Somruedi Banchongduang, Published on 23/02/2024
» The Thai export sector has lost competitiveness in global markets, with the market share of rice shipments falling by more than 50% over the past 20 years, according to the Bank of Thailand (BoT).
KTC keen on card stimulus spending
Business, Somruedi Banchongduang, Published on 05/01/2024
» Krungthai Card (KTC) believes the government's Easy E-Receipt scheme should increase the company's credit card spending in the first two months of the year.
BoT prepares for open data service
Somruedi Banchongduang, Published on 30/11/2023
» The Bank of Thailand (BoT) is scheduled to implement open banking policies next year, enabling data owners to easily transfer their data from one service provider to another to allow better data utilisation.
KBank prepares digital asset exchange
Business, Somruedi Banchongduang, Published on 01/11/2023
» Kasikornbank (KBank) Group plans to launch a digital asset exchange in November after acquiring a 97% share of Satang Pro, a former local cryptocurrency trading board.
Improving the auto loan sector's standards
Business, Somruedi Banchongduang, Published on 26/08/2023
» While car repossessions are expected to increase this year, the situation is not as alarming as appears in the media, according to an industry executive.
Credit card firms push BoT rethink
Business, Somruedi Banchongduang, Published on 12/08/2023
» The Credit Card Club, a unit of the Thai Bankers' Association, plans to talk to the Bank of Thailand about expanding the ceiling interest rate and prolonging the relaxation of minimum payments for card spending.
Credit card firms want to hike top rate
Somruedi Banchongduang, Published on 11/08/2023
» Credit card issuers are planning to ask the Bank of Thailand to raise the maximum interest rate they can charge and to put off an increase in the monthly minimum payment rate.
Bridge Capital taps SME loans as banks waver
Business, Somruedi Banchongduang, Published on 11/08/2023
» Bridge Capital Management Co Ltd aims to be a new funding source for small and medium-sized enterprises (SMEs) in the Thai market as it foresees greater opportunities amid sluggish SME loan growth in the banking sector.