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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

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

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

LH Bank focuses on loan quality

Business, Somruedi Banchongduang, Published on 12/02/2018

» Land and Houses Bank (LH Bank) continues to slow its mortgage and small- and medium-sized enterprise (SME) lending in a bid to maintain asset quality.

BUSINESS

Institutions asked to avoid digital tokens

Business, Somruedi Banchongduang, Published on 13/02/2018

» The Bank of Thailand has asked all financial institutions to stay away from making or being involved in cryptocurrency transactions, following recent moves to curb the risks of virtual currencies.

BUSINESS

BoT: NPLs picked to improve

Business, Somruedi Banchongduang, Published on 13/02/2018

» Commercial lenders' bad loans are showing signs of improvement this year after peaking in the third quarter last year, says a senior official at the Bank of Thailand.

BUSINESS

Policy rate unchanged to foster growth

Business, Somruedi Banchongduang, Published on 15/02/2018

» The Bank of Thailand's rate-setting panel kept the policy rate unchanged yesterday as widely expected, saying purchasing power has improved, albeit at a gradual pace, and the economic recovery is picking up speed.

BUSINESS

Banks look to capitalise on agent services

Business, Somruedi Banchongduang, Published on 19/02/2018

» Banks are keen to apply for banking agent licences, allowing them to expand financial services at lower cost as more traditional branches close.

BUSINESS

BoT looks to widen agent services

Business, Somruedi Banchongduang, Published on 20/02/2018

» The Bank of Thailand plans to extend the business scope of banking agents to money withdrawals and retail payment services, expected to take effect from next month.

BUSINESS

BAY bumping SME loan ratio up to 18-20% to balance portfolio

Business, Somruedi Banchongduang, Published on 21/02/2018

» Bank of Ayudhya (BAY) plans to raise its small and medium-sized enterprise (SME) loan ratio to 18-20% of loans outstanding in the next three years as the bank seeks to balance its loan portfolio.