Wed, 16 Jan 2019 01:00
CapitaLand to create biggest realty group via ASB takeover
SINGAPORE'S CapitaLand is acquiring Temasek subsidiary Ascendas-Singbridge (ASB) in a deal valued at S$11 billion (Bt260 billion), including debt, to create Asia's largest diversified real estate group.
Mon, 14 Jan 2019 01:00
Adjustment urged as digital TV channels face competition for TV viewers from online players
Bangkok Bank, the creditor of over five digital TV broadcasters, said the bank’s borrowers have remained financially sound and their debts have not turned bad.
Sun, 06 Jan 2019 21:20
SME Bank offers debt relief to businesses hit by storm.
The state-owned Small and Medium Enterprise Development Bank will offer debt relief to businesses affected by tropical storm Pabuk in the southern provinces, Mongkol Leelatham, president of the SME Bank, said on Sunday.
Fri, 04 Jan 2019 01:00
Hunt for yield, fragile property market high on BOT watch list
THE Bank of Thailand (BOT) is keeping watch on risks to the financial system posed by factors ranging from investors’ search for yield and fragility in the property market to high household debts and increasingly large swings in capital movements.
Fri, 21 Dec 2018 01:00
Increase in interest rate to hit consumers next year
THE Bank of Thailand (BOT) is likely to implement a modest interest rate hike again next year, and financial experts predicted that those feeling the pinch will be mortgage holders.
Sun, 16 Dec 2018 14:32
Hot : Sri Lanka reinstates ousted prime minister: official
Colombo - Sri Lanka's sacked prime minister Ranil Wickremesinghe was reinstated Sunday, his party said, ending a 51-day crisis that had paralysed the island nation and pushed it towards debt default.
Sat, 15 Dec 2018 15:59
Rajapakse bows out, ending Sri Lanka power struggle
Sri Lanka's crisis looked over on Saturday as strongman Mahinda Rajapakse bowed out of a power battle that had crippled the strategically located island for seven weeks and sent it heading for a possible debt default.
Tue, 11 Dec 2018 09:41
Indebted sticky rice vendor found hanging after customer alerts family
A woman reportedly with chronic ailments and a heavy debt to a loan shark was found hanging behind her home early on Tuesday, with her sticky-rice cart nearby.
Fri, 07 Dec 2018 19:24
Rohingya sent back to Myanmar camps hungry and in debt
Fleeing Rohingya Muslims sold ration books to help pay hundreds of dollars to traffickers in order to flee squalid Myanmar camps by boat, only to be stopped at sea and forced back destitute, the refugees told AFP on Friday.
Thu, 29 Nov 2018 01:00
Prawit hands back more assets seized from moneylenders
DEPUTY Prime Minister Prawit Wongsuwan, who is also defence minister, yesterday presented 2,012 debtors in Loei province assets worth over Bt3.4 billion, including 1,773 land-title deeds, Defence Ministry spokesman Lt-General Kongcheep Tantravanich said.
Mon, 26 Nov 2018 08:50
Debt moratorium for millions of villagers waiting Cabinet approval
The National Village and Urban Community Fund Office will soon ask the Cabinet to approve a three-year debt moratorium for members of the Village Fund, a government source said on Sunday.
Mon, 26 Nov 2018 01:00
IVL optimistic of 2019, unfazed by global rate hikes, impact of trade wars
Rising global rates have little impact on Indorama Ventures Public Company Limited (IVL) as most of its debts are fixed interest rate borrowings while the company’s cashflow remains strong, said D K Agarwal, chief executive officer/Feedstock and PET business.
Tue, 20 Nov 2018 12:36
Student loan debt still crippling burden for millions of Americans
Michael Bloomberg's record $1.8 billion donation for financial aid to Johns Hopkins University highlights the problem of student debt in America, which can still be a burden even years after graduation.
Wed, 14 Nov 2018 14:37
KTC earns Bt3.911 billion in Q3 net profit
KTC had reported net profit for Q3 of Bt3.911 billion. Profits have grown 65 per cent due to a surge in credit-card spending, receivables from credit cards and personal loans, and the upholding of approval standards within appropriate risks of target audiences and high-quality debt collection management.
Wed, 07 Nov 2018 01:00
Thailand will pay heavy price for over-reliance on China
Beijing’s Belt and Road funding comes with punishing debts and backing for authoritarian regimes