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BUSINESS

BoT tightens belt on consumer loans

Business, Published on 30/06/2017

» The Bank of Thailand is set to announce tighter regulations governing unsecured loans next month as part of its effort to discourage consumers, particularly low-income earners, from accumulating further debt.

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BUSINESS

Krungsri frets over digital pace

Business, Oranan Paweewun, Published on 13/10/2018

» Krungsri Consumer chairman Thakorn Piyapan is concerned that the country's largest credit card and personal loan lender by number of accounts is not adapting fast enough on digital platforms to capture first-mover advantages amid heightening competition.

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BUSINESS

Baht surges to 5-year high near 31

Business, Published on 21/02/2019

» The baht soared to its highest level against the dollar in more than five years on Wednesday, on hopes that the US and China would be able to secure a trade deal and avert retaliatory tariffs. Analysts expect the local currency to continue marching past the 31-baht mark.

BUSINESS

Thanachart-TMB signing next week

Business, Wichit Chantanusornsiri, Published on 09/08/2019

» TMB Bank and Thanachart Bank (TBank) are set to sign a merger agreement by next week as all key details have already been settled, says a source familiar with the deal.

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BUSINESS

An impressive showing for M&A

Business, Post Reporters, Published on 28/12/2019

» Thailand experienced strong merger and acquisition (M&A) activity in 2019, with deals including the US$2.7-billion (81.3-billion-baht) acquisition by Bangkok Bank of Indonesia's PT Bank Permata in December and Hong Kong-based FWD Group's purchase of Siam Commercial Bank Life Assurance for 92.7 billion baht in July.

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BUSINESS

TGH's chief takes firm to new terrain

Business, Somruedi Banchongduang, Published on 06/03/2021

» With a vision to fully digitise work operations and transform financial services to a new dawn of better services, SET-listed Thai Group Holdings Plc (TGH) has formulated clear development phases towards regional expansion under the helm of Thakorn Piyapan.

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BUSINESS

Markets meant to limit climate change

Business, Published on 08/02/2023

» Attempts to reduce carbon dioxide emissions are not restricted to environmental and technological approaches, as economic instruments are meant to support campaigns against global warming.

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GENERAL

Virtual bank applications to open in March

Business, Somruedi Banchongduang, Published on 01/03/2024

» The Bank of Thailand is scheduled to open the application period for virtual banking licences this month, attracting several business operators.