Showing 1 - 10 of 1,806
PromptPay 'Y2 18' glitch delays cash transfers
News, Somruedi Banchongduang, Published on 01/01/2018
» Users of the national e-payments system, PromptPay, were left frustrated Sunday when computer glitches related to the formatting of the calendar changing to 2018 held their cash hostage for about eight hours.
SCB girds itself for new standard
Business, Somruedi Banchongduang, Published on 03/01/2018
» Siam Commercial Bank (SCB) has been setting aside extra buffers against bad loans since the third quarter of 2017 to comply with International Financial Reporting Standard (IFRS) Version 9, which requires lenders to have larger reserves and earlier recognition of credit losses.
KTB keying in on low-income earners
Business, Somruedi Banchongduang, Published on 04/01/2018
» Public servants and low-income earners, segments in which Krungthai Bank (KTB) has an advantage, will be the bank's main focus for digital payment services.
BAY looks to secure Vietnam toehold
Business, Somruedi Banchongduang, Published on 05/01/2018
» Bank of Ayudhya (BAY) is exploring opportunities in Vietnam's consumer finance market in line with its parent Bank of Tokyo Mitsubishi UFJ's (BTMU) policy to deepen the group's reach in Southeast Asia.
BoT ready to curb baht if needed
Business, Somruedi Banchongduang, Published on 06/01/2018
» The Bank of Thailand on Friday issued a verbal intervention, saying it is ready to rein in the baht if the currency strengthens so rapidly that the private sector is damaged.
Thai banks forecast at least 4% growth for 2018
Business, Somruedi Banchongduang, Published on 09/01/2018
» The research houses of two Thai banks have painted an upbeat picture for the country's economic growth in 2018, forecasting its pace will be at least 4%, underpinned by exports, domestic investment and tourism.
SCB looking into launching e-market platform on app
Business, Somruedi Banchongduang, Published on 10/01/2018
» Siam Commercial Bank (SCB) is studying launching its own e-marketplace after the Bank of Thailand conducted a public hearing on the platform, says a senior official.
Large banks embrace debt fund-raising
Business, Somruedi Banchongduang, Published on 15/01/2018
» Large banks have raised local and foreign currency debentures to lock in cheap costs and increase liquidity in anticipation of higher loan demand, which they expect to be driven by Thailand's positive economic momentum.
SCB using app to push retail loans
Business, Somruedi Banchongduang, Published on 16/01/2018
» Siam Commercial Bank (SCB), the country's second-largest lender by assets, aims to lend 10 billion baht in retail loans through its mobile banking app this year after it rolls out the service for smartphones.
LHFG Q4 net profit gains, impairment dips
Business, Somruedi Banchongduang, Published on 16/01/2018
» Land and Houses Financial Group Plc (LHFG), the parent of LH Bank, has delivered a 16.8% year-on-year increase in its unaudited net profit during the three months to December, largely helped by a sharp decline in impairment charges for credit losses.