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Korea Development Bank to Consider Bid for Siam City Bank

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Korea Development Bank, South Korea’s largest state-owned lender, is considering bidding for a stake in Siam City Bank Pcl of Thailand, a person familiar with the matter said.

Korea Development Bank Chief Executive Officer Min Euoo Sung is in Thailand for meetings with relevant officials, the person said, declining to be identified because the talks are preliminary. Local newspaper Chosun Ilbo earlier reported the company’s interest in Thailand’s seventh-biggest lender.

Min, also chairman of parent KDB Financial Group Inc., said in a Nov. 16 interview he plans to buy at least two lenders in Asia this year, without naming potential targets or countries. The executive has said he wants to acquire commercial banks to build KDB’s deposits before an initial public offering scheduled for next year.

via Korea Development Bank Said to Consider Bid for Siam City Bank – BusinessWeek.

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Thai SMEs and startup companies to raise funds via capital markets

The Stock Exchange of Thailand (SET) will be urging SMEs and startup companies to raise funds via capital markets, and improve regulations to provide better ease of doing businesses.

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BANGKOK (NNT) – The Stock Exchange of Thailand (SET) is pursuing its initiative to encourage SMEs and startup businesses to raise funds via the capital market, expecting general investment this year to be challenged by external factors, urging investors to properly manage the risks.

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Moody’s outlook for APAC corporates remains negative in 2020

Moody’s Investors Service says in a new report that overall credit conditions for APAC non-financial companies will weaken in 2020

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• While positive, the US-China trade agreement will not resolve core differences, dampening business sentiment globally 

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Why it pays to hire quickly

A recent report by leading research and advisory company Gartner suggests that a slow and indecisive hiring process could mean that companies are losing out on key talent.

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Three businesswomen sat around a large meeting table

In a competitive labour market, recruitment managers who take longer to decide on candidates can miss out on key talent snapped up by speedier competitors

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