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BUSINESS

Bad loans ready to peak

Business, Pathom Sangwongwanich, Published on 12/08/2016

» The surge in bad loans is expected to peak in the third quarter and take a bite out of commercial banks' quarterly earnings, says a senior central bank official.

BUSINESS

Reform plans set to speed up

Business, Chatrudee Theparat, Published on 12/08/2016

» The government is revving up its economic reform plans as part of ongoing efforts to narrow the income gap and spur megaproject development over the next 12 months before the general election.

BUSINESS

Agencies crack down on Chinese nominee firms

Business, Phusadee Arunmas, Published on 12/08/2016

» The government has revoked the business registration of three tour agencies in Bangkok, ending their juristic person status after Chinese operators were found using fake Thai ID cards to run their businesses in Thailand.

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BUSINESS

Finance Ministry mulls public input in graft fight

Business, Wichit Chantanusornsiri, Published on 12/08/2016

» Corruption levels at each agency under the Finance Ministry will be taken into account when executive reshuffles and promotions are considered, says Finance Minister Apisak Tantivorawong.

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BUSINESS

Central focuses on Vietnam

Business, Pitsinee Jitpleecheep, Published on 12/08/2016

» Central Group, the country's biggest retail conglomerate, plans to expand its retail, hospitality and property development businesses in Vietnam.

BUSINESS

Minor posts 60% profit surge in first half

Business, Published on 12/08/2016

» SET-listed Minor International Plc (MINT) reported a 60% rise in net profit to 4.3 billion baht during the first six months of the year, driven by restaurant and hospitality businesses.

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BUSINESS

Gold demand jumps 15% in Q2 amid global turmoil

Business, AFP, Published on 12/08/2016

» London: Demand for gold soared in the second quarter as investors sheltered from global turmoil including Brexit, the World Gold Council said yesterday.

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BUSINESS

Post-Brexit offshore fund inflows to strengthen the baht

Business, Published on 12/08/2016

» Kasikornbank (KBank) has revised upward its year-end forecast for the baht to 35.50 against the US dollar from the prior 36.20, citing a wave of offshore fund inflows in the wake of Brexit.