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BUSINESS

Citibank turns gold crazy

Business, Somruedi Banchongduang, Published on 15/02/2012

» Citibank is advising wealthy clients to overweight their gold portfolio in line with the precious metal's rising price in order to maximise asset value amid global economic uncertainty.

BUSINESS

KBank lends B300m to Dongfeng

Business, Somruedi Banchongduang, Published on 17/02/2012

» The Kasikorn Group has agreed to loan Dongfeng Automobile more than 300 million baht as the Chinese car maker builds its presence in Thailand in anticipation of the establishment of the Asean Economic Community (AEC).

BUSINESS

Anti-money laundering assurances urged

Business, Somruedi Banchongduang, Published on 17/02/2012

» Business leaders are again asking the government to accelerate anti-money laundering legislation to boost confidence among the international Financial Action Task Force on Money Laundering (FATF) and keep Thailand's risk level on the watch list (WL).

BUSINESS

Shooting the lights out

Business, Somruedi Banchongduang, Published on 20/02/2012

» Entrepreneurship is an outstanding trait of Generation Y people, those who were born in the 1980s or early 1990s and are around 30 years old or younger.

BUSINESS

CIMBT eyes AEC for growth goal

Business, Somruedi Banchongduang, Published on 21/02/2012

» SIEM REAP, CAMBODIA : CIMB Thai Bank (CIMBT) has set an ambitious goal of 27% loan expansion and 30% deposit growth this year.

BUSINESS

KTB hatches plan to switch payments to electronic

Business, Somruedi Banchongduang, Published on 22/02/2012

» Krung Thai Bank (KTB) is preparing to propose the central bank set a fee for over-the-counter cash withdrawals of 100,000 baht or more to change the country's payment system from cash-based to electronic.

BUSINESS

Krungsri seeks card growth on HSBC buy

Business, Somruedi Banchongduang, Published on 23/02/2012

» Krungsri Consumer, a business unit of Bank of Ayudhya, is seeking more growth opportunities following the acquisition of HSBC's credit card business.

BUSINESS

Thanachart Bank may divest insurance units

Business, Somruedi Banchongduang, Published on 24/02/2012

» Thanachart Bank (TBank) is considering the sale or merger of its two life insurance affiliates.

BUSINESS

CIMBT to double retail customer base

Business, Somruedi Banchongduang, Published on 01/03/2012

» The Thai unit of the Malaysia-based CIMB Bank plans to double its retail customer base to 1.2 million by the end of the year.

BUSINESS

KBank fixes gaze on wealthy customers

Business, Somruedi Banchongduang, Published on 29/02/2012

» Kasikornbank plans to offer alternative savings products to wealthy customers, replacing bills of exchange (B/Es), to cope with changing regulations in several areas, says senior executive vice-president Chatchai Payuhanaveechai.