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BUSINESS

Krungthai Compass predicts 22.5m foreign arrivals in 2023

Business, Somruedi Banchongduang, Published on 11/01/2023

» Krungthai Compass, a research unit under Krungthai Bank, expects foreign tourist arrivals in 2023 to more than double the number recorded last year, estimating it will take two years to return to the level posted in 2019.

BUSINESS

BoT sets out plan to issue up to 3 virtual banking licences

Business, Somruedi Banchongduang, Published on 13/01/2023

» The Bank of Thailand plans to grant up to three virtual banking licences in the first stage of its digital plans, and will allow both financial institutions and non-financial firms to apply.

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BUSINESS

KTC shifts from car hire-purchase loans

Business, Somruedi Banchongduang, Published on 04/01/2023

» Krungthai Card Plc (KTC), a non-bank entity under Krungthai Bank (KTB), is edging away from car hire-purchase loans after the consumer regulator tightened the rules for this segment.

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BUSINESS

KTB, AIS eyeing virtual bank

Business, Somruedi Banchongduang, Published on 06/01/2023

» State-owned Krungthai Bank (KTB) has partnered with leading telecom operator Advanced Info Service (AIS) on a plan to jointly invest in a virtual bank, aiming to serve both existing and new customers, says KTB president Payong Srivanich.

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BUSINESS

Central bank upbeat on long-term growth

Business, Somruedi Banchongduang, Published on 20/12/2022

» The Bank of Thailand expects the economy to continue to align with potential growth projections for the next two years, then strengthen in the longer term.

BUSINESS

Lenders demand access to utility bill data

Business, Somruedi Banchongduang, Published on 23/12/2022

» The Thai Bankers' Association (TBA) plans to continue its push for the incorporation of data from utility bills into the National Credit Bureau (NCB) database as an alternative source for banks to consult when extending loans to the underbanked segment.

BUSINESS

Alternative data centre for lenders planned for next year

Business, Somruedi Banchongduang, Published on 24/12/2022

» A digital non-credit data centre could be launched in Thailand next year, says National Credit Bureau (NCB) chief executive Surapol Opasatien.

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BUSINESS

KTB set to roll out digital loans on Pao Tang in 2023

Business, Somruedi Banchongduang, Published on 15/12/2022

» Krungthai Bank (KTB), a developer of the Pao Tang digital payment application, aims to offer digital loans on the mobile app next year.

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BUSINESS

Local banks eager to step up regional expansion

Business, Somruedi Banchongduang, Published on 13/12/2022

» Local banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the Asean economy in the post-pandemic period.

BUSINESS

CIMBT projects 1% dip in exports next year

Business, Somruedi Banchongduang, Published on 07/12/2022

» CIMB Thai Bank (CIMBT) predicts exports will contract 1% next year, suffering from a global slowdown and fears of a recession in key global economies.