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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.

BUSINESS

SCB opts to scale down operations

Business, Somruedi Banchongduang, Published on 18/07/2025

» Siam Commercial Bank (SCB) plans to scale down its business operations over the next 12–18 months in response to a weaker outlook for the Thai economy.

BUSINESS

Bankers' association pushes formal economy to the fore

Business, Somruedi Banchongduang, Published on 16/07/2025

» The use of public policy to support the economy should primarily focus on the formal economy and Thai labour, according to Payong Srivanich, chairman of the Thai Bankers' Association (TBA).

BUSINESS

Pundits see SMEs facing tough times

Business, Somruedi Banchongduang, Published on 15/07/2025

» Small and medium-sized enterprises (SMEs) are expected to face increased challenges due to renegotiations concerning the US's reciprocal tariffs, potentially resulting in further closures, according to two research houses.

BUSINESS

Bank of Thailand insists there are no signs of deflation

Business, Somruedi Banchongduang, Published on 11/07/2025

» Amid mounting concerns from economists about potential deflationary trends, the Bank of Thailand maintains there are no clear signs of deflation, despite persistently low inflation.

BUSINESS

Thai central bank sees 18 months of sub-2% growth

Business, Somruedi Banchongduang, Published on 10/07/2025

» The Bank of Thailand has assessed the Thai economy is likely to grow at a rate of less than 2% over the next 18 months, primarily due to pressures from US tariff policies.

BUSINESS

World Bank downgrades Thai growth

Business, Somruedi Banchongduang, Published on 04/07/2025

» The World Bank has reduced Thailand's economic growth forecast to 1.8% for this year and 1.7% for 2026, citing mounting global and domestic challenges.