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BUSINESS

Allianz urges consolidating to innovate

Business, Pawee Sirimai, Published on 06/11/2017

» German insurer Allianz has urged more consolidation in order to develop and support innovation in the Thai insurance industry, especially for property and casualty insurance.

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BUSINESS

Unlocking your home's equity

Business, Pawee Sirimai, Published on 06/11/2017

» A reverse mortgage is a powerful source of income for retirees. It helps them cover daily living expenses and healthcare costs by converting their home equity into cash with no repayment of the loan until the borrower dies or the home is sold.

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THAILAND

Two options for shopping tax break

Business, Pawee Sirimai, Published on 07/11/2017

» The tax break on year-end shopping is set to go before the cabinet today, but there are two options for implementation -- running for one month with immediate effect or two weeks but coming into effect later, says an informed source at the Finance Ministry.

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BUSINESS

State banks urged to support more SMEs

Business, Pawee Sirimai, Published on 07/11/2017

» Deputy Prime Minister Somkid Jatusripitak is urging state-owned banks to play a more aggressive role in supporting small and medium-sized enterprises (SMEs).

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BUSINESS

More tax incentives sought to help elderly with employment

Business, Pawee Sirimai, Published on 07/11/2017

» Deputy Prime Minister Somkid Jatusripitak has instructed the Fiscal Policy Office (FPO) to consider additional tax incentives as a means to support senior citizens' employment and businesses as Thailand moves towards becoming an aged society.

BUSINESS

MPC keeps policy rate unchanged at 1.5%

Business, Pawee Sirimai, Published on 09/11/2017

» The Bank of Thailand's Monetary Policy Committee (MPC) kept the policy interest rate unchanged yesterday as widely expected, saying the economy has grown at a faster pace than expected.

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BUSINESS

BoT: Commercial banks' bad loans to peak in Q4

Business, Pawee Sirimai, Published on 11/11/2017

» Commercial lenders' bad loans will peak at just above 3% of loans outstanding this quarter, says a senior Bank of Thailand official.

BUSINESS

MTI testing new product for app that tracks driving risk

Business, Pawee Sirimai, Published on 15/11/2017

» Muang Thai Insurance Plc (MTI) will use its customers' driving behaviour data tracked on its new mobile application to determine car insurance premiums, starting from the third quarter of 2018.

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BUSINESS

Baht appreciates to 30-month high

Business, Pawee Sirimai, Published on 17/11/2017

» The baht rose to 32.95 versus the greenback Thursday, hitting a 30-month high, with Bank of Thailand governor Veerathai Santiprabhob saying the firmer baht is in line with regional peers, driven by the US dollar's retreat.

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BUSINESS

BoT gives nod to inter-bank bill pay

Business, Pawee Sirimai, Published on 18/11/2017

» The Bank of Thailand has permitted banks to launch cross-bank bill payment through the PromptPay service, with lowered fees of up to five baht per transaction for those made online and at ATMs, while credit-card-based quick response (QR) code payment is expected to be introduced commercially by the first quarter of next year.