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BUSINESS

Virtual banks to bolster financial inclusion

Business, Somruedi Banchongduang, Published on 10/10/2025

» Virtual banks are 10 times more likely to reach untapped retail customers than traditional banks, improving the country's rate of financial inclusion, say new industry players.

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BUSINESS

Thailand faces stronger economic headwinds

Somruedi Banchongduang, Published on 04/04/2025

» Increasing economic headwinds are expected to drag down gross domestic product growth in Thailand to between 1.2% and 1.4% this year, while the Bank of Thailand is expected to cut its policy interest rate to 1.25% by next year from 2% now, according to local research houses.

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BUSINESS

KBank spins off investment business

Somruedi Banchongduang, Published on 03/08/2023

» Kasikornbank (KBank) is spinning off its investment business to a new entity with the aim of making profits of 5 billion baht over the next three years, paving the way for new S-curve business in the long run.

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BUSINESS

BoT looks for cash deposit solutions

Business, Somruedi Banchongduang, Published on 28/10/2022

» The Bank of Thailand intends to find solutions to make cash deposit machines (CDMs) more convenient, following new regulations from the Anti-Money Laundering Office (Amlo) on their use.

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LIFE

PromptBiz targets SME digital payments

Business, Somruedi Banchongduang, Published on 30/08/2022

» National ITMX Co (NITMX), a digital payment infrastructure system developer, has created PromptBiz, a digital payment infrastructure system for the business sector, as part of its upgrade of Thailand's digital payment systems.

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BUSINESS

TGH's chief takes firm to new terrain

Business, Somruedi Banchongduang, Published on 06/03/2021

» With a vision to fully digitise work operations and transform financial services to a new dawn of better services, SET-listed Thai Group Holdings Plc (TGH) has formulated clear development phases towards regional expansion under the helm of Thakorn Piyapan.

BUSINESS

KBank takes S-curve abroad

Business, Somruedi Banchongduang, Published on 08/01/2020

» Overseas business and underserved customers represent new S-curve growth for Kasikornbank (KBank) from 2020 amid slow economic growth at home.