Banking
NCB reports a 15% increase in non-performing loans during the first quarter
The National Credit Bureau (NCB) has announced it recorded a 15% rise in non-performing loans (NPLs) in Q1 2024, driven...
Government Savings Bank (GSB) resolves over 720,000 non-performing loans (NPLs) in Q1
GSB has resolved 720,000 non-performing loans (NPLs) in the first quarter and plans to resolve an additional 100,000 by the...
Thailand to implement stringent compliance regulations for new bank accounts
Customers will likely be required to provide extensive documentation and information to verify their identities and sources of funds. This...
Fundraising for Southeast Asian startups hit a five-year low in Q1 2024
Startups in the region raised $1 billion in equity funding, a 41% drop from the previous year. The number of...
Thai economy slowed down in March 2024 (BoT)
The Thai economy slowed in March 2024, with softening domestic demand and tourism. Despite signs of improvement in the first...
The Bank of Thailand is set to launch Cross-Border QR Payments with India
This initiative marks the latest expansion of Thailand's cross-border payment system, which already encompasses Singapore, Malaysia, Indonesia, Laos, Cambodia, Vietnam,...
Six state owned banks cut their loan rates
Six state banks have followed the Thai Bankers Association’s lead by cutting their lending rate for small borrowers by 0.25%....
BoT pushes local banks to cut lending rates
The BoT moves come after Prime Minister Srettha Thavisin had a meeting with some of the most important banks CEOs...
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