Thailand’s four challenges : Debt, inequality, plastics and climate change Thais tended to get into debt faster, for longer and for higher amounts. Indebtedness starts as soon as they begin to work at age 25 and can increase until 56 years old. Bank of Thailand Governor Veerathai Santiprabhob, in his speech entitled “Formulating for the…
BoT trims growth forecast to 3.3% from 3.8% The bank of Thailand while maintaining a policy rate of 1.75 percent per year, announced that in 2019, the economy will expand at the lower rate of 3.3 percent from 4.1 percent in 2018, BANGKOK, 28 June 2019(NNT) – The Bank of Thailand (BOT) announced yesterday that…
KBank launches KATALYST funding and guiding startup project Startups participating in the KATALYST project will get an opportunity to make a campaign with KBank, which has a customer base of over 14.5 million. Ms. Kattiya Indaravijaya, middle, KBank President, Mr. Supreecha Limpikanjanakowit, left, KBank First Senior Vice President, and Mr. Thanapong Na ranong, right, Beacon…
Thailand launches blockchain letters of guarantee network for 22 banks 22 Thai banks have joined an electronic Letter of Guarantee (e-LG) network on blockchain via BCI (Thailand) Co Ltd with support from the Bank of Thailand (BOT). The e-LG on blockchain is expected to go live in June under the BOT’s regulatory sandbox, before introducing…
Thai banks face tough competition in digital world Although the Thai commercial banks achieved higher net profits in the first quarter of 2019, they expect a tough year ahead amid aggressive competition in the digital era. The Thai government’s plan to turn Thailand into a cashless society has prompted local banks to remodel their business…
Thailand’s bank pushes Thai agricultural products to Chinese market BANGKOK, 27 April 2019 (NNT) – The effort of the Small and Medium Enterprise Development Bank of Thailand (SME D Bank) to promote Thai processed agricultural products to markets in China succeeded further when a Chinese company decided recently to pilot the purchase of 16,000 tons…
Narrowed focus for bank mergers THE Secondary Mortgage Corporation (SMC) and the Government Housing Bank (GHB) will be merged under a plan to cut costs and boost efficiencies, but it has emerged that no other state-run lenders are in the frame to be combined. While Finance Minister Apisak Tantivorawong said that a draft law would…
Krungsri shifts from asset-driven commercial focus to being trusted banking partner for corporate clients Krungsri (Bank of Ayudhya) has unveiled its 2019 commercial-banking business direction to become a trusted banking partner, shifting from an asset-driven strategy to provide advice and total solutions to serve the different needs of corporate customers. With a loan-growth target of…
Krung Thai Bank Public Company Limited (KTB) Plunges -1.04% on Mar 3 Shares of Krung Thai Bank Public Company Limited (BKK:KTB) last traded at 19.1, representing a move of -1.04%, or -0.2 per share, on volume of 41.92 million shares. After opening the trading day at 19.4, shares of Krung Thai Bank Public Company Limited…
Kasikornbank (KBank) has announced a mission to forge a brand-new banking business, in order to be more robust at home and ready to make greater inroads abroad. In so doing, KBank has integrated data, human resources and business partners to personalise services that meet the needs of customers residing anywhere. The bank is aiming for…