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IMF lowers 2014 growth projection for Asean-5
July 25, 2014 1:00 am

IMF lowers 2014 growth projection for Asean-5

Five Asean countries, so-called Asean-5, are expected to show 4.6 per cent in economic growth this year and 5.6 per cent in 2015, according to the International Monetary Fund's World Economic Outlook report.

'Address demographic changes'
July 25, 2014 1:00 am

'Address demographic changes'

The Bank of Japan has a positive general outlook for Asian economies but warns that some countries in the region face medium-to-long-term challenges that need to be addressed to ensure a smooth transition to well-balanced economic growth.

Household debt surges 16% in June,survey finds
July 25, 2014 1:00 am

Household debt surges 16% in June,survey finds

The average level of household debt hit a record high at the end of June at Bt219,158 per family, surging 16 per cent year on year, blamed on the slow recovery of the economy and a rising cost of living, according to a survey by the University of the...

Expanding CIMB acquires Finansa Asset
July 24, 2014 1:00 am

Expanding CIMB acquires Finansa Asset

CIMB GROUP HOLDINGS, the parent of the second-largest bank in Malaysia, has taken over Finansa Asset Management as part of its ambition to expand in the region and in the Thai market through both organic growth and acquisitions - not always in the...

KBank sticks to existing SME clients, eyes 7% loan growth
July 24, 2014 1:00 am

KBank sticks to existing SME clients, eyes 7% loan growth

THE COUNTRY'S biggest lender to small and medium-sized enterprises, Kasikornbank, will limit growth of its outstanding loans this year to 7 per cent despite its above-target first-half results as it wants to focus on existing clients before...

Summit Capital Leasing confident of rebound in hire-purchase activity...
July 22, 2014 1:00 am

Summit Capital Leasing confident of rebound in hire-purchase activity...

Summit Capital Leasing, a leading hire purchase subsidiary of Japan's Sumitomo Corporation, is confident that the motorcycle leasing business will resume riding the growth path as the economic recovery and consumer confidence show signs of...

Tisco says loan growth won't recover this year
July 22, 2014 1:00 am

Tisco says loan growth won't recover this year

Leading car loan provider suffers 4% drop in lending as NPLs climb to 2.27% in H1

AYUD hunting for acquisitions
July 21, 2014 1:00 am

AYUD hunting for acquisitions

Insurance market tipped to downsize as AEC comes into being

More hybrid securities expected on stricter capital rules: S&P
July 20, 2014 1:45 am

More hybrid securities expected on stricter capital rules: S&P

Banks in Asia Pacific are expected to issue more hybrid securities, to maintain their capital ratios above regulatory requirements in the next few years, said Standard & Poors Ratings Services.