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BUSINESS

BoJ's latest steps may indicate limits of easing

Published on 19/12/2015

» TOKYO — Additional steps announced by the Bank of Japan on Friday may indicate the limitations of its drastic monetary easing policy that has yet to achieve the central bank's 2% inflation target.

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BUSINESS

Jasmine, True grab 4G licences

Business, Published on 19/12/2015

» Jasmine International and True Corporation have won the two 10-megahertz 4G licences at the world's record prices of 75.65 billion baht and 76.30 billion baht respectively in a marathon auction that ended early on Saturday.

BUSINESS

Brokerage revises down SET forecast

Business, Nuntawun Polkuamdee, Published on 19/12/2015

» CLSA Securities (Thailand) has cut next year’s SET index target to between 1,500 and 1,550 points from 1,600 on expectations the economy will recover slowly on the back of the US Federal Reserve’s rate rise.

BUSINESS

BBL to see bad loans jumping to 3%

Business, Somruedi Banchongduang, Published on 19/12/2015

» Bangkok Bank (BBL) estimates its non-performing loans (NPLs) will climb to as high as 3% next year because of the continuing lacklustre economy.

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BUSINESS

Sales slacken as consumers tighten belts

Business, Pitsinee Jitpleecheep, Published on 19/12/2015

» Thailand’s fast-moving consumer goods (FMCG) market grew by 1.2% in the first nine months of 2015, the lowest rate in seven years.

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BUSINESS

Thailand lauds WTO pact on IT

Business, Phusadee Arunmas, Published on 19/12/2015

» NAIROBI — Thailand is hopeful that trade and investment in the electronics business will flourish after the signing of the information technology pact by the World Trade Organization.

BUSINESS

Finnair starts A350 service

Business, Boonsong Kositchotethana, Published on 19/12/2015

» Finnair will tomorrow become the first airline flying to Thailand using the state-of-the-art Airbus A350 jet.

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BUSINESS

Scotiabank prepares to sell TBank stake

Business, Somruedi Banchongduang, Published on 19/12/2015

» Canada-based Bank of Nova Scotia (Scotiabank) is exploring opportunities to divest itself of its 49% stake in Thanachart Bank (TBank), according to a statement by Thanachart Capital Plc (TCAP).

BUSINESS

CIMBT cuts branches, goes digital

Business, Somruedi Banchongduang, Published on 19/12/2015

» CIMB Thai Bank (CIMBT) plans to further scale back its 130 branches to 80-90 nationwide by 2018 and shift to the digital banking channel to serve changing consumer behaviour.

BUSINESS

Siemens makes plans for further local investment

Business, Published on 19/12/2015

» German engineering conglomerate Siemens AG has expressed interest in continuing to invest here through its Thai subsidiary.