Showing 1 - 10 of 105
Political turmoil blamed for GDP losses
Business, Somruedi Banchongduang, Published on 28/08/2018
» Thailand's political uncertainty over the past 20 years took a toll on the country's economic growth, shaving off 0.4 percentage points per year on average and depressing growth below its potential, according to a joint survey by the Bank of Thailand's Puey Ungphakorn Institute for Economic Research's (Pier).
TBA puts losses from coronavirus at B1.3tn
Business, Somruedi Banchongduang, Published on 15/04/2020
» The economy could suffer a record blow of 1.3 trillion baht in damage from the spiralling spread of the coronavirus, according to preliminary estimates by the Thai Bankers' Association (TBA).
No job losses foreseen at merged banks
Business, Somruedi Banchongduang, Published on 28/02/2019
» TMB Bank and Thanachart Bank (TBank) say they have no plans to shed workforce and will relocate overlapping branches after their merger.
SCB, Krungthai prepare for potential Italian-Thai loan losses
Business, Somruedi Banchongduang, Published on 10/04/2024
» Siam Commercial Bank (SCB) and Krungthai Bank (KTB) have allocated provisions for potential loan losses related to Italian-Thai Development Plc (ITD), aligning with the asset quality of one of the country's leading contractors.
K-Research: 100,000 jobs gone in 2019
Business, Somruedi Banchongduang, Published on 10/12/2019
» Kasikorn Research Center (K-Research) predicts at least 100,000 job losses this year and another 30,000 next year, dampened by an export slump, tepid economic growth and drought.
Listed banks see Q1 profits jump 14.4%
Business, Somruedi Banchongduang, Published on 23/04/2022
» The 10 SET-listed banks posted a combined net profit of 53.3 billion baht for the first quarter of 2022, an increase of 14.4% year-on-year, thanks to a decline in loan-loss provisions in line with an economic rebound.
Asset managers post mixed results
Business, Somruedi Banchongduang, Published on 23/05/2024
» Two bad asset management companies reported lower net profits in the first quarter this year, attributed to higher expected credit losses (ECL) amid a fragile economic recovery.
TBA sees likelihood of rising bad loans
Business, Somruedi Banchongduang, Published on 05/03/2020
» The Thai Bankers' Association (TBA) expects non-performing loans (NPLs) to keep rising and says banks may need to set aside additional reserves for credit losses this year.
Users share responsibility in financial fraud decree
Business, Somruedi Banchongduang, Published on 30/04/2025
» Victims of financial crimes may be fully liable for damages if losses result from their own negligence under the new emergency decree, according to the Bank of Thailand.
Bank profits underwhelm in Q1
Business, Somruedi Banchongduang, Published on 23/04/2024
» Commercial banks booked marginal profit growth in the first quarter of this year, largely influenced by the decreased profitability of small to mid-sized banks thanks to higher provision for loan loss reserves.