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BUSINESS

BoT poised to raise rate by quarter-point

Business, Somruedi Banchongduang, Published on 27/03/2023

» The Bank of Thailand is expected to raise its policy rate by 0.25 percentage points on Wednesday to contain inflation amid the economic recovery while trying to ease baht volatility, say economists.

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BUSINESS

BBL outstrips credit card spending target for 2 months

Business, Somruedi Banchongduang, Published on 28/03/2023

» Bangkok Bank (BBL) has surpassed its credit card spending target for the first two months of 2023, driven by the recovery of Thailand's economy and tourism sector.

BUSINESS

SCB unveils new digital bond service on its mobile app

Business, Somruedi Banchongduang, Published on 29/03/2023

» Siam Commercial Bank (SCB) plans to ramp up digital bonds as part of its digital banking strategy, aiming to provide more convenience to retail bond investors.

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BUSINESS

Ttb eyes transition to cashless branches

Business, Somruedi Banchongduang, Published on 16/03/2023

» TMBThanachart Bank (ttb) plans to transition some of its traditional branches to paperless and cashless outlets in an effort to increase its digital banking user base by 30% this year.

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BUSINESS

Locals firms prefer digital over virtual

Business, Somruedi Banchongduang, Published on 17/03/2023

» Local banks are focusing on nudging their customers to digital platforms to grow services there, instead of applying for the central bank's upcoming virtual bank licence.

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BUSINESS

SCB ramps up growth outlook to 3.9%

Business, Somruedi Banchongduang, Published on 18/03/2023

» SCB Economic Intelligence Center (EIC), the research arm of Siam Commercial Bank, has upgraded its Thai economic growth forecast for 2023 to 3.9% from 3.4% because local and global economic trends are better than expected.

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BUSINESS

Venture capital cautious following SVB collapse

Business, Somruedi Banchongduang, Published on 15/03/2023

» Local venture capital (VC) firms have raised their guard against investment in fintech and startups following the Silicon Valley Bank (SVB) fallout in the US.

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BUSINESS

Step right up, hedge your currency bets

Business, Somruedi Banchongduang, Published on 08/03/2023

» If you're planning to travel abroad, it's important to consider the foreign exchange rate to manage your personal finances, especially as the baht is increasingly volatile against the US dollar.

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BUSINESS

LGT foresees long-term growth in Thailand

Business, Somruedi Banchongduang, Published on 09/03/2023

» LGT Private Banking, an international private bank owned by the House of Liechtenstein, plans to continue growing business in Thailand over the longer term as it foresees greater opportunities here.

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BUSINESS

Mobile banking security rules toughened

Business, Somruedi Banchongduang, Published on 10/03/2023

» Biometric scans will be required for high-value mobile banking transactions as part of measures to protect consumers from cyber-risks, according to the Bank of Thailand.