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Thai, Philippine stocks hit record closing highs
Reuters, Published on 03/01/2018
» The Thai and Philippine indexes hit record closing highs on Wednesday, while other Southeast Asian stock markets msotly rose, tracking broader Asian shares that marked a 10-year top on improved prospects for global economic growth.
SCB girds itself for new standard
Business, Somruedi Banchongduang, Published on 03/01/2018
» Siam Commercial Bank (SCB) has been setting aside extra buffers against bad loans since the third quarter of 2017 to comply with International Financial Reporting Standard (IFRS) Version 9, which requires lenders to have larger reserves and earlier recognition of credit losses.