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CWT group plans private placement
September 30, 2016 1:00 am

CWT group plans private placement

CHAI WATANA Tannery Group (CWT) plans to raise about Bt1.2 billion via private placement to fund its six renewable-power projects that will require investment of more than Bt10 billion.

Thai, Chinese firms join for WeChat Pay
September 30, 2016 1:00 am

Thai, Chinese firms join for WeChat Pay

Asset Bright Company, which is listed on the Stock Exchange of Thailand, yesterday announced a partnership with Chinese e-commerce giant Tencent Group to provide WeChat Pay facility to capture Chinese tourist spending in Thailand.

New entity to manage most of IBank’s non-performing financing
September 28, 2016 10:19 am

New entity to manage most of IBank’s non-performing financing

The Cabinet on Tuesday gave the go-ahead for the Finance Ministry to set up an asset management company (AMC) to manage Bt47 billion worth of non-performing financing (NPF) of the Islamic Bank of Thailand, representing 43.4 per cent of the bank’s...

TMB upbeat on loan demand
September 28, 2016 1:00 am

TMB upbeat on loan demand

TMB BANK will not seek to expand its deposit level during the remainder of the year as the current amount is deemed sufficient to support lending demand, chief executive officer Boontuck Wungcharoen said yesterday.

Aira & Aiful looks to MAI listing after 2018
September 28, 2016 1:00 am

Aira & Aiful looks to MAI listing after 2018

AIRA & AIFUL, operator of A Money consumer-finance branches, expects its own capital to be enough to support loan growth for only three more years, so it is laying plans to tap the Market for Alternative Investment (MAI) after 2018 for further...

Thailand mulls tightening of tax collection for Internet, tech firms
September 27, 2016 1:00 am

Thailand mulls tightening of tax collection for Internet, tech firms

THAILAND is studying plans to toughen tax collection rules for Internet and technology firms like Alphabet Inc’s Google, the head of the Revenue Department said, as the tax affairs of these firms comes under growing scrutiny in Southeast Asia.

Cautious commercial banks aim personal loans at employees of companies...
September 27, 2016 1:00 am

Cautious commercial banks aim personal loans at employees of companies...

SEVERAL commercial banks are playing it safe with personal loans amid the current economic uncertainty by moving to the employees of private companies whose payrolls they handle, as the banks consider that they can check their credit backgrounds more...

FN plans to list on SET
September 26, 2016 1:00 am

FN plans to list on SET

FN Factory Outlet (FN), which sells fashionable products from clothes to furniture and household items of its own brands and those of international brands, last week filed an application with the Securities and Exchange Commission (SEC) to list on...

SCCP REIT woos investors with mixed holdings plan
September 26, 2016 1:00 am

SCCP REIT woos investors with mixed holdings plan

SCCP REIT has revealed that two-thirds of the proposed Bt7.5-billion Thailand Prime Property real estate investment trust (TPRIME REIT) will be mixed with freeholding, improving its chances of yielding more benefits.

Insurer Viriyah plans mobile app next year
September 26, 2016 1:00 am

Insurer Viriyah plans mobile app next year

VIRIYAH INSURANCE, the market leader in motor insurance, plans to develop its first mobile application next year in the hope the mobile app will strengthen premiums for motor insurance and its claims service.