Showing 31 - 40 of 2,690
Baht tipped to slide as US Fed delays rate cuts
News, Somruedi Banchongduang, Published on 12/04/2024
» The baht is poised to experience significant pressure, potentially reaching 37 baht per United States dollar next week, as a result of better-than-expected economic data from the US coupled with the US Federal Reserve's decision to hold off on interest rate cuts.
PromptPay usage hits record high in 2023
Business, Somruedi Banchongduang, Published on 12/04/2024
» Financial transactions via PromptPay, Thailand’s national electronic payment platform, tallied a new high last year, while cash transactions posted a notable decline.
SCB, Krungthai prepare for potential Italian-Thai loan losses
Business, Somruedi Banchongduang, Published on 10/04/2024
» Siam Commercial Bank (SCB) and Krungthai Bank (KTB) have allocated provisions for potential loan losses related to Italian-Thai Development Plc (ITD), aligning with the asset quality of one of the country's leading contractors.
Economists expect vote for rate cut
Business, Somruedi Banchongduang, Published on 09/04/2024
» Economists anticipate the Bank of Thailand will opt to lower its policy rate on Wednesday, giving a short-term boost to the country's economy, which has been hindered by delays in budget disbursement.
UOB eyes partners to help SMEs hit sustainability goals
Business, Somruedi Banchongduang, Published on 06/04/2024
» UOB Thailand has teamed up with the government and private sector to assist local small and medium-sized enterprises (SMEs) in their transition towards business sustainability.
Krungsri bullish on SME loan growth
Business, Somruedi Banchongduang, Published on 05/04/2024
» Bank of Ayudhya (Krungsri) is upbeat about achieving small and medium-sized enterprise (SME) loan growth of 2-3% this year, following an uptick in the first quarter as the Thai economy gradually recovers.
Ttb's digital platform pivotal to lifting fee income growth
Business, Somruedi Banchongduang, Published on 04/04/2024
» TMBThanachart Bank (ttb) is developing its digital banking platform to cater to commercial customers, with a keen focus on aggressively increasing fee income in this segment this year.
Thai banks told to focus on tech as returns wane
Business, Somruedi Banchongduang, Published on 03/04/2024
» Thai banks are being urged to ramp up their technology transformation efforts to enhance their income after a study found they had the lowest return on equity (ROE) ratio in the region, despite maintaining strong competitiveness compared with their regional peers.
World Bank cuts Thai growth forecast
Business, Somruedi Banchongduang, Published on 02/04/2024
» The World Bank has slashed its forecast for Thailand's GDP growth in 2024 to 2.8%, citing a global trade slowdown and delays in the country's fiscal budget disbursement.
Loans for electric vehicles poised to expand
Business, Somruedi Banchongduang, Published on 02/04/2024
» Loans for electric vehicles (EVs) are expected to pace auto lending expansion this year as demand gently builds in the Thai market.