Thailand bank

  • Business NewsThai banks set for expansion amid ASEAN economies’ growth
    Alex MorganPublished: 13:20, 16 April 2024
    194

    Thai banks set for expansion amid ASEAN economies’ growth

    A surge in regional business expansion is forecasted for major local banks in Thailand due to the growth potential of ASEAN economies. This outlook has been provided by Fitch Ratings Thailand, indicating promising revenue prospects for these banks through increased regional operations. In 2023, a noticeable upturn in the regional business of large local banks was observed, primarily due to…

  • Business NewsSCB X Plc set to acquire Home Credit’s Vietnamese operations
    Alex MorganPublished: 17:40, 27 February 2024
    260

    SCB X Plc set to acquire Home Credit’s Vietnamese operations

    Thailand’s largest bank by market value, SCB X Plc, is reportedly on the brink of securing a deal to acquire the Vietnamese operations of consumer lender, Home Credit. The transaction, which could be worth up to US$900 million, is expected to be announced within the week, say sources familiar with the proceedings who wish to remain anonymous due to the…

  • Thailand NewsExperts warn of looming crisis for Thai economy
    Puntid TantivangphaisalPublished: 15:16, 24 January 2024
    463

    Experts warn of looming crisis for Thai economy

    Dr Pipat Leungnamritchai, the chief economist at Kiatnakin Phatra Bank warned that the Thai economy is treading on thin ice, relying on unsustainable factors for growth. According to a recent exposé by Krungthep Thurakij on January 20, the nation’s financial stability is hanging by a thread. Dr Pipat highlighted the precarious reliance on low-interest rates, fiscal stimuli, and the booming tourism…

  • Thailand NewsThai business bounces back: Surprising catalysts revealed by FTI
    Mitch ConnorPublished: 11:28, 13 December 2023
    170

    Thai business bounces back: Surprising catalysts revealed by FTI

    The Federation of Thai Industries (FTI) explained the significant rise in Thailand’s Industry Sentiment Index (TISI) after a five-month slump including a tourism boom and strategic government measures. Breaking through the economic gloom, the TISI soared to 90.9 points in November, marking a triumphant comeback after five consecutive months of decline, according to the FTI. In stark contrast to October’s…