Showing 1,041 - 1,050 of 2,692
Banks' net profit trends lower
Business, Somruedi Banchongduang, Published on 20/07/2019
» Nine SET-listed banks' aggregate net profit for the second quarter was a tad lower than a year earlier as higher interest income and lower impairment costs almost offset increases in operating expense, while almost all banks saw an uptick in bad loans.
Banks prepare MyPrompt QR to up security
Business, Somruedi Banchongduang, Published on 20/07/2019
» Five large commercial banks plan to adopt MyPrompt QR, a business-scan-consumer QR code payment system, from the fourth quarter of this year.
A banker getting his sea legs in fintech
Business, Somruedi Banchongduang, Published on 29/06/2019
» With fintech companies growing rapidly and challenging established banks by harnessing new technologies, plenty of C-level bankers have left the traditional financial services industry to join fintech firms, and Rungruang Sukkirdkijpiboon is among them.
Populist policies hurting farmers: BoT's think tank
Business, Somruedi Banchongduang, Published on 29/06/2019
» Long-standing state subsidies have distorted crop prices, sunk farmers deeper in debt and contributed to falling productivity and higher inequality in resource accessibility, says the Bank of Thailand's think tank.
Bank of Thailand sees export contraction in Q2
Business, Somruedi Banchongduang, Published on 29/06/2019
» The Bank of Thailand has grown more pessimistic, reckoning that the export contraction will extend into the second quarter because of intensifying trade tension between the US and China.
BoT cuts July bonds by B60bn
Business, Somruedi Banchongduang, Published on 02/07/2019
» The Bank of Thailand is tapering 60 billion baht out of its July issuance of three-, six- and 12-month bonds, in a move likely aimed at curbing hot money and the baht's rapid gain.
FWD buying SCB subsidiary in key deal
Business, Somruedi Banchongduang, Published on 02/07/2019
» SET-listed Siam Commercial Bank (SCB) has entered into a binding agreement to sell 99.2% of subsidiary SCB Life Assurance to insurer FWD Group Financial Services for 92.7 billion baht, marking Southeast Asia's biggest life insurance acquisition deal.
CIMBT: Monetary policy takes lead while cabinet unformed
Business, Somruedi Banchongduang, Published on 03/07/2019
» With the cabinet line-up unsettled and fiscal policy handcuffed, CIMB Thai Bank (CIMBT) expects the Bank of Thailand to loosen monetary policy by cutting the benchmark rate twice by the first half of next year in a bid to boost economic growth and curb hot-money inflows.
BoT: Growth to rev up after first-half slowdown
Business, Somruedi Banchongduang, Published on 04/07/2019
» GDP growth is likely to come in below 3% in the first half before revving up in the latter half on an expected recovery in exports, says a senior Bank of Thailand official.
BoT forecast to take cues from Fed cuts
Business, Somruedi Banchongduang, Published on 04/07/2019
» Swiss private bank Lombard Odier forecasts the Bank of Thailand to follow in the footsteps of its US counterpart, which is likely to cut its benchmark rate in the second half.