Showing 11 - 20 of 2,417
Ant Group supports local partners on inclusive financial services
Business, Somruedi Banchongduang, Published on 29/06/2023
» Ant Group continue to support its local partners in Thailand to develop inclusive financial services i.e cross-border payment solution, virtual bank etc. for local consumers and business communities. However, the company is mainly focusing on cross-border payment solution in the Thai market, said general manager for global merchant partnership of Thailand Ant Group, Sittipong Kittiprapapong.
Q1 household debt hits B16tn
Business, Somruedi Banchongduang, Published on 01/07/2023
» Household debt in the first quarter this year soared to 16 trillion baht, accounting for 90.6% of GDP, attributed to increases in debt as well as the redefinition of national household debt, says Sakkapop Panyanukul, the Bank of Thailand's senior director of the economic and policy department.
Central bank expects easing of loan growth
Business, Somruedi Banchongduang, Published on 15/06/2023
» The Bank of Thailand expects loan growth in the banking industry to slow as demand eases, though rising interest rates should not be a key factor dampening loan expansion.
Thai growth set to beat BoT forecast
Business, Somruedi Banchongduang, Published on 16/06/2023
» The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth.
SCB X, KakaoBank keen on virtual banking
Business, Somruedi Banchongduang, Published on 19/06/2023
» SCB X Plc is teaming up with KakaoBank to set up a consortium to apply for a virtual bank licence from the Bank of Thailand.
Krungsri upbeat on digital baht
Business, Somruedi Banchongduang, Published on 12/06/2023
» The Bank of Thailand is working with three payment service providers to launch its retail central bank digital currency (CBDC), a novel financial infrastructure it claims will improve the convenience and efficiency of financial transactions with lower costs.
EIS optimistic on economic prospects in H2
Business, Somruedi Banchongduang, Published on 13/06/2023
» The Economic Intelligence Service (EIS), a research arm of the Thailand Development Research Institute (TDRI), forecasts a better second half for the Thai economy, driven by increased tourism and domestic consumption, although the political instability would need to be monitored.
Interest rates forecast to continue rising
Business, Somruedi Banchongduang, Published on 05/06/2023
» Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.
Coalition delays seen as threat to growth
Business, Somruedi Banchongduang, Published on 08/06/2023
» The private sector is concerned that Thai GDP growth could decline to 1-2% if the formation of the new government is delayed from the timeline by six months or more.
HSBC Thailand prepares strategy for expansion
Business, Somruedi Banchongduang, Published on 02/06/2023
» HSBC Thailand aims to raise fresh funds and secure an additional licence in preparation for local business expansion in line with the country's economic growth.