Kasikornbank (KBank), the country’s third-largest lender by assets, plans to provide deposit service through Thailand Post, its banking agent, from next month, with the aim of offering more convenient access for customers. Deposits are a new service at Thailand Post under the Bank of Thailand’s amended regulations governing banking agents, said president Patchara Samalapa. Thailand Post […]
Read MoreMYANMAR is confident of attracting more investments from Thailand after a revamped companies law comes in at the start of next month, a senior official investment said. “We have great potential to welcome a huge influx of Thai investments over the next few years,” said Thant Sin Lwin, deputy director general of the Directorate of […]
Read MoreCOMMERCIAL banks and financial institutions across the country are required to implement a new international financial reporting standard from the beginning of 2020, according to the National Accountancy Body (NAB). Nuntawan Sakuntanaga, Commerce permanent-secretary and chairman of the NAB, said that the body agreed at a recent meeting on the schedule for the implementation of […]
Read MoreThe world is changing, and business in Thailand must understand the drivers of this change. This is why, as I enter my third decade in Thailand’s industrial sector, I believe it is more vital than ever for every business to observe international megatrends – changes which will transform societies and influence the direction of life […]
Read MoreThe banking industry is expected to announce 10% lower earnings for the second quarter than the previous quarter, mostly attributed to the decision to eliminate fees for digital transactions. KGI Securities forecasts the combined net profit of nine listed banks in the second quarter of the year at 46.05 billion baht, down 10.7% quarter-on-quarter, but increasing […]
Read MoreCIRCULAR ECONOMY, or the reuse and recycling of products, is expected to grow in a big way as consumers, manufacturers and policymakers are becoming increasingly aware of the worsening environment due to expanding economic activities. Kees Rade, the Netherlands’ ambassador to Thailand, said there was not much debate in Thailand about the circular economy compared […]
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