Showing 61 - 70 of 105
Pandemic strikes travel coverage
Business, Somruedi Banchongduang, Published on 09/09/2020
» Travel insurance premiums are poised to drop by 90% this year because of travel restrictions, says Cigna Thailand.
SCB, KTB announce H1 profit declines
Business, Somruedi Banchongduang, Published on 22/07/2020
» First-half operating results for two SET-listed financial institutions saw lower net profit and higher bad-loan ratios, in line with most commercial banks' disappointing results as the pandemic took a bite out of their fortunes.
Banking profits slip away in first 6 months
Business, Somruedi Banchongduang, Published on 21/07/2020
» Most financial institutions reported lower first-half net profits and higher bad loans, mainly from higher provisions for loan losses, in line with rising loan delinquency prospects triggered by the coronavirus outbreak.
TBA talks soft loan criteria with BoT
Business, Somruedi Banchongduang, Published on 02/07/2020
» The Thai Bankers' Association (TBA) is in talks with the Bank of Thailand to seek ways to fine-tune the 500-billion-baht soft loan criteria, probably by allowing banks to extend loans with a specific purpose such as keeping small and medium-sized enterprises' (SMEs) employees on payroll.
World Bank sees return to prior growth by 2022
Business, Somruedi Banchongduang, Published on 01/07/2020
» The World Bank flagged a warning that 8.3 million workers in Thailand could lose jobs or income from the coronavirus pandemic, but the Thai economy is estimated to bounce back to pre-pandemic level in the next two years as the country eases its coronavirus lockdown.
Central bank tweaks B500bn soft loan scheme for SMEs
Business, Somruedi Banchongduang, Published on 24/06/2020
» The Bank of Thailand is fine-tuning the process of offering 500 billion baht in soft loans with an aim to provide virus-hit small and medium-sized enterprises (SMEs) with better access.
BoT records net profit on baht retreat
Business, Somruedi Banchongduang, Published on 23/04/2020
» The Bank of Thailand swung back to a net profit of 365 billion baht for the first three months of this year, largely because the baht retreated against the greenback.
Q1 results show fortitude in banking sector
Business, Somruedi Banchongduang, Published on 22/04/2020
» Most SET-listed commercial banks in the first quarter remained resilient amid the floundering economy, while building higher provisions for expected loan losses from rising bad debt as new financial reporting standards are adopted and the coronavirus spreads.
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).
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.