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BUSINESS

Listed banks to see lower Q3 net profit on fee waiver

Business, Oranan Paweewun, Published on 10/10/2018

» SET-listed banks are estimated to deliver lower quarter-on-quarter net profit for the third quarter but higher year-on-year earnings, say analysts, noting the waiver of transaction fees for digital banking dealt a blow to their fee-based income and net profits.

BUSINESS

Analysts: Q2 reading may show slower GDP growth

Business, Oranan Paweewun, Published on 14/08/2018

» Thailand's economic growth may have cooled in the second quarter as higher imports offset a boost from robust exports and tourism, economists say.

BUSINESS

ADB raises full-year GDP view to 4.2% after Q1 surge

Business, Oranan Paweewun, Published on 20/07/2018

» The Asian Development Bank upgraded Thailand's economic growth outlook to 4.2% this year following robust growth of 4.8% in the first quarter but is keeping its forecast for 2019 unchanged at 4.1%, says ADB's outlook supplement report.

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THAILAND

Finding where the sweet spot lies

Business, Oranan Paweewun, Published on 18/06/2018

» Investors know they can expect both dividends and capital gains from putting money into dividend-paying stocks. But most of them overlook another advantage of dividend plays: the dividend tax credit, a benefit than can help individual taxpayers not only avoid paying tax on dividends, but also reduce their tax bill on other income.

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BUSINESS

SEG to amalgamate with Thai Insurance

Business, Oranan Paweewun, Published on 10/05/2018

» Southeast Group (SEG), a holding company controlled by tycoon Charoen Sirivadhanabhakdi, has struck a deal to amalgamate with Thai Insurance Plc (TIC), a move to pave the way for the group to have a backdoor listing on the Thai stock market.

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THAILAND

Indigo from Isan to Leicester

Business, Oranan Paweewun, Published on 24/05/2018

» Indigo-dyed garments, created for centuries by artisans of the Ban Na Kham community in the northeastern province of Nakhon Phanom, are being featured beyond their home turf after joining the shelves of the City Fanstore at King Power Stadium in Leicester, England.

BUSINESS

Economists see range of 3.9-4.1% for Q1

Business, Oranan Paweewun, Published on 18/05/2018

» Thailand's economic growth momentum is believed to have continued in the January-March quarter, but economists are divided on whether the growth rate outpaced the fourth quarter's 4%.

BUSINESS

Krungsri Consumer sees flat personal loan outlook

Business, Oranan Paweewun, Published on 02/04/2018

» Krungsri Consumer, an unsecured-lending unit under Bank of Ayudhya (BAY), expects new personal loan account growth to be flat this year at 300,000 because of the lingering effects of the Bank of Thailand's tightened regulations for those earning less than 30,000 baht a month and termination of the direct sales channel for credit cards and personal loan products.

BUSINESS

Banks record mixed bag in Q1

Business, Oranan Paweewun, Published on 20/04/2018

» Siam Commercial Bank's (SCB) first-quarter net profit dropped by 4.6% year-on-year as a rise in operating expenses for digital banking business took a toll, while two mid-sized banks delivered improved net profit despite pursuing conservative management policies in raising provisions for impaired loans.

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BUSINESS

BoT outlook for exports perking up

Business, Oranan Paweewun, Published on 01/03/2018

» Thailand's export growth is likely to be moderately above the Bank of Thailand's 4% estimate for this year in light of the robust pace in January and its bright outlook, while the purchasing power of low-income earners in January remained weak, says a senior official at the central bank.