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BUSINESS

LH Bank to concentrate on Taiwanese companies

Business, Somruedi Banchongduang, Published on 09/02/2018

» Land and Houses Bank (LH Bank), a small commercial lender, has set an aggressive loan growth target of 10-15% this year, to be largely propelled by loans to both local and international large corporates.

BUSINESS

Banks sweeten SME pot to buoy accounting scheme

Business, Somruedi Banchongduang, Published on 08/02/2018

» The country's five largest banks will offer a fixed interest rate of 5% for two years to small- and medium-sized enterprises (SMEs) that apply for the special loans in return for adopting a single financial account.

BUSINESS

SMEs fret over wage hikes, energy costs

Business, Somruedi Banchongduang, Published on 07/02/2018

» Small and medium-sized enterprise (SME) optimism fell for the three months to March as firms worry that the imminent minimum wage hikes and rising energy costs will push up their operating costs, according to a quarterly survey by TMB Analytics, the research unit of TMB Bank.

BUSINESS

AEONTS steps into used car segment

Business, Somruedi Banchongduang, Published on 06/02/2018

» Aeon Thana Sinsap Thailand Plc (AEONTS), a hire-purchase lender for household products and a credit card issuer, has branched into used car loans to capitalise on strong growth in the business.

BUSINESS

TMB raises rates for ME deposits

Business, Somruedi Banchongduang, Published on 02/02/2018

» ME by TMB, a digital deposit platform for TMB Bank, aims to expand its new customer base by 20% this year, says Mingkwan Pattanawong, head of marketing for TMB.

BUSINESS

BoT eases capital outflow rules to cool down baht

Business, Somruedi Banchongduang, Published on 02/02/2018

» The Bank of Thailand has further eased rules to encourage more capital outflows by allowing a greater number of retail investors to directly put money into overseas securities. The move is part of efforts to rein in the stronger baht.

BUSINESS

SCB proposes severance for non-adapters

Business, Somruedi Banchongduang, Published on 01/02/2018

» Siam Commercial Bank (SCB) wants to offer severance packages to employees who cannot adapt to the bank's needed skill areas, its chief says.

BUSINESS

BoT official hints at higher GDP forecast

Business, Somruedi Banchongduang, Published on 01/02/2018

» The Bank of Thailand may upgrade its current GDP growth forecast of 3.9% for 2018 because state investment is expected to provide a larger boost, says a senior official at the central bank.

BUSINESS

Krungsri seeks credit card spending rise

Business, Somruedi Banchongduang, Published on 31/01/2018

» Krungsri Consumer, an unsecured lending unit under Bank of Ayudhya (BAY), aims for 10% growth in credit card spending to 300 billion baht this year.

BUSINESS

BoT tells off banks over baht speculation

Business, Somruedi Banchongduang, Published on 31/01/2018

» The Bank of Thailand has reprimanded some financial institutions with operations in Thailand for their behaviour in the light of speculative activity with the baht, say senior officials at the central bank.