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BUSINESS

Banks agree to comply with Bank of Thailand security measures by June

Business, Somruedi Banchongduang, Published on 11/03/2023

» State-owned and commercial banks have agreed to comply with the Bank of Thailand's new cybersecurity measures by the June deadline.

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BUSINESS

Krungsri targets rise in digital customers

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

» Krungsri Consumer, the unsecured loan unit under Bank of Ayudhya, aims to increase its customer base on digital platforms by 20% this year, aided by new digital service offerings.

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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

CIMBT eyes 20% gain for digital

Business, Somruedi Banchongduang, Published on 02/03/2023

» CIMB Thai Bank (CIMBT) targets growing its digital banking business by 20% this year in terms of users and transactions, driven by increasing digital adoption in Thailand.

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BUSINESS

LHFG to expand Taiwan loan portfolio

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

» Land and Houses Financial Business Group (LHFG), a holding company of LH Bank, aims to grow its Taiwanese banking business more aggressively this year, boosted by manufacturing relocation by multinational and Taiwanese firms to Asean amid deglobalisation.

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BUSINESS

Beacon VC estimates 15 investment deals worth $28m

Business, Somruedi Banchongduang, Published on 01/03/2023

» Beacon Venture Capital (Beacon VC), the corporate VC arm of Kasikornbank (KBank), expects to complete 15 investment deals worth US$28 million this year both locally and internationally.

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BUSINESS

BoT vows steady forex

Business, Somruedi Banchongduang, Published on 01/03/2023

» The Bank of Thailand vows to closely monitor baht volatility to maintain the competitiveness of the country's imports and exports amid an economic recovery.

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BUSINESS

K-Research sees slight dip in debt

Business, Somruedi Banchongduang, Published on 24/02/2023

» Kasikorn Research Center (K-Research) forecasts household debt-to-GDP will decline to 84-86.5% this year from 86.8% in 2022.

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BUSINESS

Line BK maintains data development goal

Business, Somruedi Banchongduang, Published on 25/02/2023

» After operating for more than two years, Line BK, a social banking collaboration between Kasikornbank (KBank) and Line Corporation, aims to book a net profit in 2024.

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BUSINESS

Krungsri upbeat on M&A view

Business, Somruedi Banchongduang, Published on 22/02/2023

» Bank of Ayudhya (Krungsri) sees greater opportunity for large corporate customers to make merger and acquisition (M&A) deals this year thanks to a clearer economic outlook following the easing of the pandemic.