Showing 1 - 10 of 336
Gulf quashes KBank takeover rumour as stake increases
Business, Somruedi Banchongduang, Published on 26/04/2024
» Gulf Energy Development clarified that it has no plans to take over Kasikornbank (KBank), attributing its recent increased shareholding in the bank solely to its pursuit of investment gains.
Bank of Thailand to adjust rates amid changes: deputy chief
Reuters, Published on 23/04/2024
» WASHINGTON/BANGKOK: The Bank of Thailand (BoT), under pressure from the government to cut interest rates, could adjust monetary policy if the outlook for the economy changes and structural challenges clearly reduce its long-term potential growth, BoT deputy governor Alisara Mahasandana said.
SET looking for catalysts to restore momentum
Business, Published on 06/04/2024
» The SET index found support at 1,350 in the first week of March and later bounced back. The 1,350 level has acted as a critical support through the entire quarter as the market struggles to sustain momentum. Among the key factors influencing the market:
K-Research expects central bank to stay the course on rates
Business, Nareerat Wiriyapong, Published on 04/04/2024
» Despite growing market anticipation of monetary policy easing, Kasikorn Research Center (K-Research) is ruling out the possibility of a Bank of Thailand (BoT) policy rate cut at its April 10 meeting amid growing concerns about a weakening baht.
Association predicts gold hitting 40,000 baht in H2
Business, Nareerat Wiriyapong, Published on 29/03/2024
» Domestic gold prices could hit 40,000 baht per baht-weight after the Federal Reserve cuts interest rates later this year, according to the Gold Traders Association (GTA), as the price reached a new high of 37,950 baht on Thursday, approaching the group's previous target of 38,000 baht.
Thailand gains access to XTransfer platform
Business, Suchit Leesa-nguansuk, Published on 28/03/2024
» XTransfer, a Chinese fintech unicorn, has expanded its business-to-business (B2B) cross-border trade payment platform to Thailand to capitalise on global trade conducted by small and medium-sized enterprises (SMEs).
Virtual bank licensing criteria set
Business, Wichit Chantanusornsiri, Published on 06/03/2024
» The Finance Ministry has announced the criteria to apply for a virtual bank licence, with initial registered capital set at 5 billion baht.
Thailand opens applications for virtual banks
Reuters, Published on 05/03/2024
» Thailand will accept applications for virtual banks within the next six months with the aim of supporting people with no or limited access to financial services, the Finance Ministry said on Tuesday, issuing guidelines for licenses.
Amid global risks, investment themes for Thailand
Published on 24/02/2024
» The global economic and investment landscape at the beginning of 2024 bears some similarities to the start of last year. Stock markets that are performing well -- Japan, the US and Europe, as well as India -- have advanced in the range of 3-15%, while emerging markets such as Thailand, Hong Kong and China have shrunk by 2-5%.
Behind the curve
Postbag, Published on 23/02/2024
» Re: "BoT is absolutely right in holding rates", (Opinion, Feb 22).