Thailand’s old duty-free monopoly challenged by rivals After a general election, Lotte, Central, The Mall, Siam Piwat go after King Power BANGKOK — After more than three decades, King Power’s duty-free monopoly in Thailand may be coming to an end as the country’s next government is expected to act on calls to break the company’s…
Thailand Holds Key Rate Steady At 1.75% The Committee voted unanimously to maintain the policy rate at 1.75 percent assessing that the Thai economy would expand around its potential despite at a slower pace than previously assessed due to a slowdown in external demand. Nevertheless, domestic demand would continue to gain traction. Headline inflation projection…
Thailand Post branches out into banking Thailand Post has joined hands with 10 banks to provide money deposit services via its 1,200 branches and counter services nationwide. The firm expects 50,000 transactions per month with value of around Bt700 million in the next three months. Thailand Post president Smorn Terdthumpiboon said the firm is partnering…
Krungsri shifts from asset-driven commercial focus to being trusted banking partner for corporate clients Krungsri (Bank of Ayudhya) has unveiled its 2019 commercial-banking business direction to become a trusted banking partner, shifting from an asset-driven strategy to provide advice and total solutions to serve the different needs of corporate customers. With a loan-growth target of…
First Bank In Thailand To Use Facial Recognition To Open Accounts Krungsri Bank has introduced facial recognition for verifying the identities of its customers Krungsri (Bank of Ayudhya) has introduced facial recognition through electronic Know Your Customer (e-KYC) technology for verifying the identities of people as they open a deposit account. Under the Bank of Thailand’s…
Krung Thai Bank Public Company Limited (KTB) Plunges -1.04% on Mar 3 Shares of Krung Thai Bank Public Company Limited (BKK:KTB) last traded at 19.1, representing a move of -1.04%, or -0.2 per share, on volume of 41.92 million shares. After opening the trading day at 19.4, shares of Krung Thai Bank Public Company Limited…
$11.7 Trillion Rated Debt Have High Risk Exposure To Cyber-Attacks As the potential for significant cyberattacks rises globally, the growing intersection of supply chains, connectivity and access to data is creating new vulnerabilities for governments and businesses. “We view cyber risk as event risk that can have material impact on sectors and individual issuers,” Moody’s…