Thailand
New measures spur Thai financial institutions to restructure debts
It will cut the amount of reserved provisions, but lower future interest income.
New measures spur Thai financial institutions to restructure debts
It will cut the amount of reserved provisions, but lower future interest income.
Digital-savvy Thais push banks' fintech adoption: S&P
About 60% of the population are more attuned to digital services.
Thai banking system still strong despite lower profits: central bank
Capital funds and provisions were raised to guard against the slump.
KASIKORNBANK, Lu International unveil online wealth management platform
It will make use of a cloud-exporting model developed by Lufax Holding.
Siam Commercial Bank's profits down 24% to $262.82m in Q2
The lender has set aside $305.4m of provisions given ongoing uncertainties.
Kasikornbank unveils facial recognition tech for Boonterm kiosks
It will allow customers to access financial services across 1,300 Boonterm kiosks.
Thai banks' earnings down 20% in Q2: UOBKH
But banks may be able to pay dividends due to their solid capital.
MUFG to expand lending business in Thailand with Grab investment
Chief executive Hironori Kamezawa hinted on shifts in their overseas strategy.
Thai central bank not dismissing further monetary easing
It has already cut the interest rate thrice to 0.5%.
Siam Commercial Bank launches joint home loan scheme
It offers home loan options for Thai couples buying their first home with Sansiri.
Eight in 10 SMEs in ASEAN rely on technology for cash flow woes
Technology is the top investment priority by most of the respondents.
UOB names Kevin Lam as TMRW head
He is currently UOB Indonesia’s country CEO.
Thailand permits non-bank firms to provide foreign e-money
An operator must have a minimum registered paid-up capital of $3m (THB100m).
Thai banks see support in regulator's dividend restrictions: Fitch
This will help them maintain necessary resources to support lending activity.
Siam Commercial Bank launches trade package for SMEs
The bank has allotted nearly $129.7m in loans for SMES in the export sector.
Thai fintech SYNQA raises $80m in series C funding round
SCB 10X and SPARX Group led the funding round.
Thai central bank tells lenders to freeze dividend payments
Banks are required to prepare capital management plans for the next 1-3 years.
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Standard Chartered Hong Kong wins big at ABF Retail Banking Awards 2024
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The bank’s efforts and achievements have become a testament to its commitment to its colleagues and the communities it serves in.
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1. Labour force upskilling needed as SG nears 'super-aged' status 2. MAS, IBF working on gen AI job impact map 3. Australia’s P&N Bank scraps proposed merger with Beyond Bank 4. Australia’s P&N, Beyond Bank likely to seek other merger opportunities 5. Singapore’s financial sector employment rose 4,800 in 2023Events
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