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BUSINESS

Mitsubishi UFJ Financial urges reform of Thai industry

Business, Somruedi Banchongduang, Published on 07/08/2025

» Mitsubishi UFJ Financial Group (MUFG), a major shareholder in Bank of Ayudhya (Krungsri), views manufacturing reform in Thailand as more critical than US tariff changes in attracting foreign direct investment (FDI).

BUSINESS

Thai growth projections upgraded on lower US tariffs

Somruedi Banchongduang, Published on 06/08/2025

» The local private sector has increased its forecast for Thai GDP growth this year to 1.8-2.2%, rising from an estimate of 1.5-2% following the recent US decision to reduce tariffs on imports from Thailand from 36% to 19%.

BUSINESS

KTB, MRTA team up for transport payment card

Business, Somruedi Banchongduang, Published on 06/08/2025

» Krungthai Bank (KTB) has partnered with Mass Rapid Transit Authority of Thailand (MRTA) to launch the Mang-moom EMV Card, a chip-based contactless card for fare payments across all MRT lines.

BUSINESS

Banks ramp up green initiatives

Somruedi Banchongduang, Published on 04/08/2025

» In advancing sustainable business practices, banks are doing more than offering green financial services to clients.

BUSINESS

Thai GDP growth set to slow in Q3

Business, Somruedi Banchongduang, Published on 01/08/2025

» The Bank of Thailand expects the Thai economy to start slowing in the third quarter this year, following flat growth in the second quarter.

BUSINESS

HSBC touts Indian wedding tourism

Business, Somruedi Banchongduang, Published on 31/07/2025

» Wedding tourism presents a significant opportunity to attract foreign direct investment (FDI) from India into Thailand, given the strong business ties between the two countries, according to HSBC.

BUSINESS

Research houses anticipate baht to weaken this week

Business, Somruedi Banchongduang, Published on 30/07/2025

» The baht is expected to weaken to around 32.85 per US dollar this week amid ongoing economic uncertainties.

BUSINESS

SCB X plans to harness AI for virtual bank

Business, Somruedi Banchongduang, Published on 29/07/2025

» SCB X, the technology conglomerate and holding company of Siam Commercial Bank (SCB), is set to launch its virtual bank under the "AI Native Bank" concept.

BUSINESS

Bank profits up 3.97% in H1

Business, Somruedi Banchongduang, Published on 23/07/2025

» Thailand's banking industry reported a modest increase in net profit for the first half of 2025, weighed down by a decline in net interest margin, lower interest rates, and sluggish loan growth.

BUSINESS

Bangkok Bank profit rises 9.5% to B24.4bn in first half

Business, Somruedi Banchongduang, Published on 22/07/2025

» Bangkok Bank (BBL), the country's largest lender by total assets, posted a 9.5% year-on-year increase in net profit for the first half of 2025, supported by robust growth in non-interest income and effective cost management.