Thailand’s biggest debt trap is not Chinese

Thailand’s biggest debt trap is not Chinese

Thailand’s biggest debt trap is not Chinese Thai household debt ratio at 78.6 percent is among the top three countries with the highest household debt in Asia. The so called “Chinese debt trap” has drawn a lot of commenting in the media, but Thailand’s biggest debt trap is still home-grown and has reached the value…

Thai banks face tough competition in digital world

Thai banks face tough competition in digital world

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 Largest Commercial Bank and State Oil Company Trial Blockchain Payments

Thailand’s Largest Commercial Bank and State Oil Company Trial Blockchain Payments

Thailand’s Largest Commercial Bank and State Oil Company Trial Blockchain Payments Thailand’s largest commercial bank, Siam Commercial Bank (SCB), and state oil company PTT Exploration and Production Public Company Limited (PTTEP) performed a successful test of blockchain use for cross-border business-to-business payments. The bank recently announced the successful pilot on its website. Per the announcement, the project, which has been ongoing since mid-2018,…

Thailand's Leading Commercial Bank and State Oil Company effectively piloted Blockchain Payments

Thailand’s Leading Commercial Bank and State Oil Company effectively piloted Blockchain Payments

Thailand’s Leading Commercial Bank and State Oil Company effectively piloted Blockchain Payments Leading Commercial Bank of Thailand, Siam Commercial Bank (SCB) and State Oil Company PPT Exploration and Production Public Company Limited (PTTEP) Completed a successful test of blockchain use for cross-border business-to-business payments. The successful pilot has been declared by the bank on its website. According…

EAS-Infrastructure-Development

SCB cuts thai growth forecast to 3.6%

SCB cuts thai growth forecast to 3.6% The SCB’s Economic Intelligence Center (EIC) has reduced its growth projection for the Thai economy this year to 3.6% from a previous expectation of 3.8%. Trade war puts brakes on exports According to first executive vice-president Yunyong Thaicharoen, this is mainly due to the decreasing trends of the…