BANKS’ HOUSING and personal loans set high growth on consumer confidence for the first four months of this year, while Bank of Ayudhya’s loan growth target is set at 8 per cent and Krungthai bank’s loan growth estimate is targeted at 6-7 per cent. Dan Harsono, head of retail and consumer banking at Bank of […]
Read MoreThe Bank of Thailand has sounded an alarm to banks in light of the growing appetite for mortgages, urging them to retain their risk management practices when considering housing loans. Some financial institutions are offering a higher loan-to-value (LTV) ratio to homebuyers amid intense competition for mortgage products, said Bank of Thailand governor Veerathai Santiprabhob. “We […]
Read MoreA GAUGE of business sentiment across the regions suggests confidence in the economy is increasing, meshing with other positive indicators and a key business lobby’s dismissal of a potential hit on exports from Italy’s political crisis. The Thai Regional Economic Sentiment Index (RSI) in May pointed to rising confidence in economy on a six-month outlook […]
Read MoreGrab, Southeast Asia’s leading on-demand transport service, plans to expand into e-wallet and micro lending in Thailand to capitalise on the booming cashless society trend. The company is in the process of seeking a Bank of Thailand licence for e-wallet and micro lending as part of the group’s strategy to expand in financial services and improve […]
Read MoreThe Department of Industrial Works (DIW) is considering banning recycling factories from importing certain types of e-waste that have negative impacts on the environment and communities. DIW and police last week carried out an inspection of 148 electronic waste recycling factories nationwide, including seven factories licensed to import electronic waste from abroad after several of them […]
Read MoreUp to 40 Chinese executives will take part in Sino-Japanese Eastern Economic Corridor (EEC) development efforts as they strive to strengthen bilateral cooperation in third-party markets. A new wave of Chinese business representatives is flocking to Thailand to explore investment opportunities, emphasising the remarkable development of economic cooperation between Thailand and China, now the No.1 trade […]
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