Total life insurance premiums grew 3.25% year-on-year to 196 billion baht in the first four months this year, thanks to 41.7% growth in single premiums requiring buyers to make a one-time payment. The growth was also spurred by a 10% uptick in newly acquired businesses, while first-year premiums dropped 6.35% year-on-year. Sara Lamsam, president of […]
Read MoreAs sharing economy tech companies plot major mergers and initial public offerings (IPOs) this year, they are running into problems in Thailand as the state, labour organisations and restaurateurs attempt to push back against the exploitation inherent in their business models. Food delivery companies like Grab, Foodpanda, Gojek and Line Man (all based outside Thailand) […]
Read MoreBANGKOK: Thailand has room for further monetary easing to support its economic recovery, which is expected to be slow, uneven and clouded by the unknown path of the coronavirus pandemic, the International Monetary Fund (IMF) said. The tourism-reliant economy contracted 6.1% last year, its deepest slump in over two decades, with tourism devastated by the […]
Read MoreThe Finance Ministry is set to adjust its mid-term fiscal plan following the government’s implementation of the 500-billion-baht borrowing decree, said a ministry source who requested anonymity. The source said the revision is in line with the likelihood of lower government revenue this fiscal year. This mid-term plan, which covers 2022-2025, was approved by the […]
Read MoreSiam Commercial Bank (SCB) is planning new business strategies under what it calls the three generations of financial services, in preparation for a changing banking landscape in the post-Covid era. SCB, Thailand’s oldest bank and fourth largest lender by total assets, strengthened its infrastructure base in all areas because of the pandemic. The bank aims […]
Read MoreThai consumers are worried about the uncertain economic situation caused by the third Covid-19 wave, but despite a steady decrease in overall spending, they seem to be willing to pay for food and goods such as smartphones that can be used to make money, according to a survey by Hakuhodo Institute of Life and Living […]
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Thailand
