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GENERAL

KTB joins Gulf, AIS for virtual bank bid

Business, Nuntawun Polkuamdee, Published on 14/08/2024

» State-owned Krungthai Bank (KTB) has confirmed it plans to apply on Sept 12 for a virtual bank licence together with Gulf Energy Development, Advanced Info Service (AIS) and PTT Oil and Retail Business.

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GENERAL

Regulator considers screening for actuaries

Business, Nuntawun Polkuamdee, Published on 12/08/2024

» The Office of the Insurance Commission (OIC) is considering a plan to set up a screening committee that can suspend or revoke the licences of actuarial mathematicians to prevent risks to insurance firms and policyholders.

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GENERAL

SET calls for more lawsuits to combat corporate fraud

Business, Nuntawun Polkuamdee, Published on 05/08/2024

» The Stock Exchange of Thailand (SET) has asked the Finance Ministry to amend the law to empower the Securities and Exchange Commission (SEC) to directly file lawsuits against corporate fraudsters, with the aim of ensuring high-impact cases can be sent to courts within 5-6 months.

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UOBAM expects Thai stocks to make gains in second half

Business, Nuntawun Polkuamdee, Published on 31/07/2024

» UOB Asset Management (UOBAM) expects the Stock Exchange of Thailand (SET) index to top 1,440 points in the second half of the year, and recommends investors are overweight in global bonds amid market volatility.

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Muang Thai Life Assurance offers life insurance for an ageing population

Business, Nuntawun Polkuamdee, Published on 27/07/2024

» Muang Thai Life Assurance (MTL) is capitalising on the fact that Thailand is now an ageing society by creating life insurance products that serve people aged up to 99.

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Household debt pressures growth

Business, Nuntawun Polkuamdee, Published on 26/07/2024

» The high level of household debt has continued to pressure economic growth and is holding back investors' decision on whether or not to invest more, a recent survey conducted by the Association of Investment Management Companies (AIMC) has found.

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New SEC head promises to rev up investigation process

Business, Nuntawun Polkuamdee, Published on 25/07/2024

» The new chairman of the Securities and Exchange Commission (SEC) has vowed to speed up its investigation process to minimise potential damage caused by allegations of fraud at listed companies, in a bid to restore public confidence.

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Rabbit Life looks to online platform to rev up growth

Business, Nuntawun Polkuamdee, Published on 22/07/2024

» Rabbit Life Insurance Plc is enhancing its services and sales through a new online platform to accelerate growth in the second half of the year, noting that 88% of the population are actively using online services.

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Banks' Q2 earnings estimated at B61bn

Business, Nuntawun Polkuamdee, Published on 19/07/2024

» Analysts expect banks to report combined earnings of 61 billion baht in the second quarter, down 2% from three months earlier and flat from the corresponding period last year, due to lower interest rate income, slowing lending and interest rate cuts to help retail customers.

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GENERAL

Association decides to place EA bonds on restricted list

Business, Nuntawun Polkuamdee, Published on 18/07/2024

» The Association of Investment Management Companies (AIMC) has resolved to place Energy Absolute (EA) bonds on the restricted list which limits transactions and prohibits additional investment until there is clarity about the company's future propsects.