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BUSINESS

CIMBT launches first 7-Eleven sub-branch

Business, Pawee Sirimai, Published on 16/12/2016

» CIMB Thai Bank (CIMBT) is pushing deeper into consumer banking by opening its first sub-branch at 7-Eleven to better reach retail customers.

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BUSINESS

CenPay bill payment service rolled out

Business, Pitsinee Jitpleecheep, Published on 16/12/2016

» Top retailer Central Group has officially launched its bill payment service, aiming to become a top-three player in the coming years.

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BUSINESS

KBank anoints fourth president to aid expansion

Business, Somruedi Banchongduang, Published on 16/12/2016

» Kasikornbank (KBank) has appointed senior executive vice-president Pipit Aneaknithi as the bank's fourth president, in charge of overseas business, according to a filing to the Stock Exchange of Thailand.

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BUSINESS

Apisak sees higher growth from spending schemes

Business, Published on 16/12/2016

» The government's plan for massive spending from the mid-year budget for local developments and front-loaded spending by state enterprises is expected to add at least 0.2-0.3 percentage points to economic growth next year.

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OPINION

The time and need for civilians in cabinet

News, Thitinan Pongsudhirak, Published on 16/12/2016

» In view of the royal transition that has transpired, Thailand's interim period since its military coup in May 2014 has now entered a new phase. When the military seized power back then, the Thai public largely put up with what became a military dictatorship, spearheaded by Gen Prayut Chan-o-cha as prime minister and leader of the National Council for Peace and Order (NCPO). This rough bargain, whereby the military stepped in to be the midwife of the royal transition, has passed. It is time to recalibrate and prepare for a return to popular rule by placing more civilian technocrats in government in the upcoming cabinet reshuffle.

THAILAND

Ex-fitness club exec sues Amlo adviser for B100m

News, King-oua Laohong, Published on 16/12/2016

» A former executive of California Wow Experience Fitness Club (Cawow) has filed a defamation suit demanding 100 million baht from a former Anti-Money Laundering Office (Amlo) secretary-general who handled the case in which the firm's executives were accused of cheating club members.

BUSINESS

New AmEx credit card aimed at millennials

Business, Somruedi Banchongduang, Published on 16/12/2016

» American Express (AmEx) has joined the price war by launching a new credit card in Thailand with the lowest interest rate charge aimed at younger customers, in its fresh effort to gain more market share.

BUSINESS

Power producer Ratch moving into LNG

Business, Lamonphet Apisitniran, Published on 16/12/2016

» SET-listed Ratchaburi Electricity Generating Holding Plc (RATCH), Thailand's largest private power producer, plans to diversify into liquefied natural gas (LNG).

BUSINESS

Banks ready for New Year

Business, Published on 16/12/2016

» Bangkok Bank has prepared more than 60 billion baht in cash reserves and is waiving inter-regional ATM withdrawal fees at 10,000 ATMs nationwide to serve customers during the New Year holiday.

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BUSINESS

IoT gaining in popularity among Thais

Business, Suchit Leesa-nguansuk, Published on 16/12/2016

» Thais are using the Internet of Things (IoT) for different functions moderately compared with others countries in Asia-Pacific, thanks to the readiness of high-speed wireless infrastructure, says global research firm IDC.