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BUSINESS

World Bank sees return to prior growth by 2022

Business, Somruedi Banchongduang, Published on 01/07/2020

» The World Bank flagged a warning that 8.3 million workers in Thailand could lose jobs or income from the coronavirus pandemic, but the Thai economy is estimated to bounce back to pre-pandemic level in the next two years as the country eases its coronavirus lockdown.

BUSINESS

Central bank allays NPL concerns

Business, Somruedi Banchongduang, Published on 01/07/2020

» The banking industry's bad loans are seen climbing higher for the remaining period of the year, but the central bank is giving assurances that commercial banks' capital buffer is strong enough to tolerate rising non-performing loans (NPLs) if the economy shrinks 8.1% this year.

BUSINESS

TBA talks soft loan criteria with BoT

Business, Somruedi Banchongduang, Published on 02/07/2020

» The Thai Bankers' Association (TBA) is in talks with the Bank of Thailand to seek ways to fine-tune the 500-billion-baht soft loan criteria, probably by allowing banks to extend loans with a specific purpose such as keeping small and medium-sized enterprises' (SMEs) employees on payroll.

BUSINESS

KBank upbeat on debt repayment level

Business, Somruedi Banchongduang, Published on 03/07/2020

» Kasikornbank expects 60% of the corporate debt subject to KBank's debt holiday scheme to resume payments after the programme ends.

BUSINESS

An appointment three decades in the making

Business, Somruedi Banchongduang, Published on 04/07/2020

» The proverb "what is fated to be yours will always return to you" holds true in the case of Kattiya Indaravijaya. When she was asked about her desired job on her application form at Kasikornbank (KBank) more than 30 years ago, she filled in "CEO". And now the dream has become real.

BUSINESS

CIMBT examines efficiency options

Business, Somruedi Banchongduang, Published on 06/07/2020

» CIMB Thai Bank (CIMBT) is studying reallocating working space to cut down on operating costs to adjust to the post-pandemic era.

BUSINESS

Tisco aid recipients still paying interest

Business, Somruedi Banchongduang, Published on 08/07/2020

» Half of Tisco Bank's auto loan customers have participated in a debt holiday scheme, but 90% continue to service interest.

BUSINESS

BBL to apply Bank Permata model globally

Business, Somruedi Banchongduang, Published on 14/07/2020

» Bangkok Bank (BBL) is conducting a feasibility study on applying the retail business model of its Indonesian subsidiary PT Bank Permata to the bank's international network.

BUSINESS

BoT predicts two-year recovery path

Business, Somruedi Banchongduang, Published on 15/07/2020

» Thailand's economy is expected to take two years to fully recuperate, assuming there is widespread administration of a coronavirus vaccine, says the Bank of Thailand's chief.

BUSINESS

BoT taking CBDC to retailers

Business, Somruedi Banchongduang, Published on 16/07/2020

» The Bank of Thailand plans to explore expanding the central bank digital currency (CBDC) to retailers in the next phase of development after testing the CBDC for corporate transactions.