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  • News & article

    SCB's digital transformation takes shape

    Business, Published on 31/08/2018

    » Siam Commercial Bank's cost-to-income ratio is expected to peak by the first quarter of next year after hefty investment under the five-year SCB Transformation programme.

  • News & article

    Finance Ministry to hold 99% of IBank

    Business, Chatrudee Theparat, Published on 31/05/2018

    » The government is set to inject 2 billion baht into state-owned Islamic Bank of Thailand (IBank) as soon as there is an announcement of the amended Islamic Bank of Thailand Act in the Royal Gazette, allowing the Finance Ministry to hold more than 49% of the bank.

  • News & article

    PromptPay picks up among consumers

    Business, Pawee Sirimai, Published on 08/02/2017

    » PromptPay's consumer-to-consumer (C2C) platform, an electronic funds transfer service under the national e-payment scheme, got off to a tepid start but usage is on the rise.

  • News & article

    Amendment to the Trademark Act

    Business, Published on 14/03/2016

    » For a number of years, the Intellectual Property Department at the Commerce Ministry has been talking about accession to the Madrid Protocol, which allows for the protection of trademarks in member countries through a central filing system for International Registration of trademarks. These aspirations are soon to become a reality. The Bill for Amendment to the Trademark Act, ("the Bill"), which includes specific provisions on accession to the Madrid Protocol, passed its third reading by the National Legislative Assembly (NLA) and has been presented to His Majesty the King for endorsement and subsequent announcement in the Royal Gazette -- coming into force 90 days after the official announcement date.

  • News & article

    NSF eyes corporate bond growth

    Business, Wichit Chantanusornsiri, Published on 14/06/2016

    » The National Savings Fund (NSF), a voluntary pension fund for self-employed workers, plans to diversify its investment portfolio this year by putting money into investment-grade corporate bonds.

  • News & article

    BoT tightens belt on consumer loans

    Business, Published on 30/06/2017

    » The Bank of Thailand is set to announce tighter regulations governing unsecured loans next month as part of its effort to discourage consumers, particularly low-income earners, from accumulating further debt.

  • News & article

    Stocks trade in narrow range as investors comb us data

    Business, Published on 07/08/2017

    » Recap: Global investors remained concerned last week about US political developments and economic data that could influence a Federal Reserve interest-rate increase, amid signs that the Fed was growing more cautious. Wall Street staged a revival on Friday after the US reported strong employment numbers for July.

  • News & article

    How the digital economy is affecting tax compliance

    Business, Published on 13/09/2016

    » Levying and paying tax has been with us for thousands of years. But levying and collecting taxes in the digital economy is a real headache for governments and tax authorities. The internet knows no borders. Thousands of transactions can take place in a second involving different parties halfway around the world. So how do governments levy and collect tax on these seemingly "invisible" transactions?

  • News & article

    SEC seeks reform for SET board

    Business, Published on 26/08/2016

    » The Securities and Exchange Commission (SEC) has sought the Finance Ministry's permission to increase the number of board seats on the Stock Exchange of Thailand (SET) to six from five as part of the stock exchange reform.

  • News & article

    Social credit: How Fintech uses Facebook to give you a loan

    Business, TMB Analytics, Published on 05/08/2016

    » In the digital age, who you know and what you post or share on Facebook, Instagram and the like could help you obtain a loan, even if you have no secure job or no credit history. Thanks to the popularity of social networks, big data and advanced computing techniques can be used to infer "social credit" scores, which identify borrowers with the ability and willingness to pay.

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