The Nation
Thailand’s big banks sinking billions into digital transformation
Four of Thailand’s biggest commercial banks are hastening moves to stay ahead of the wave of digital disruption now sweeping the country.Siam Commercial Bank (SCB) is in the final year of its four-year digital transformation plan but is already drafting a new plan for the ...
The Nation Reporter
NPL crisis due to Covid-19 'worse than 1997 meltdown'
The present Covid-19 crisis was worse than the Tom Yam Kung crisis of 1997, the Bangkok Commercial Asset Management (BAM) has said, adding that non-performing loans (NPL) was of concern for Thailand’s economic system.BAM explained that financial institutions in 1997 had a low rate fund ...
The Nation Reporter
More people turning assets into cash due to uncertainty over Covid-19, says DPA
The Deposit Protection Agency (DPA) said that due to the Covid-19 crisis, more and more people are turning their assets into cash and depositing this money in banks.Songpol Chevapanyaroj, president of DPA, said on Thursday that 80.82 million people had bank deposits totalling Bt14.67 trillion ...
The Nation Reporter
Fisheries department seeks to boost bass exports to China to tackle oversupply
The Department of Fisheries is discussing with foreign partners possibilities for export of Thai bass, a type of fish found in rivers and seas, to Chinese markets that still have high demand to alleviate the oversupply problem in Thailand.Wicharn Ingsrisawang, the department deputy director-general, said: ...
The Nation Reporter
World Bank revises Thai GDP forecast for the year to 8.3 percent contraction
The World Bank expects Thailand’s gross domestic product (GDP) to contract 8.3 per cent this year, more than the earlier estimate of minus 5 percent.The bank expects the economy to expand by 4.9 per cent next year, with more than two years required for the ...
The Nation Reporter
Five-year National Rice Strategy aims to make Thailand 'world leader'
The five-year Thai Rice Strategy for the period 2020-24 is ready, Jurin Laksanawisit, deputy prime minister and the minister of commerce, said.The strategy prepared by a subcommittee will be proposed to a meeting of the National Rice Policy and Management Committee (NRPMC) before seeking approval ...
The Nation Reporter
Thai energy policy comes in come criticism by Green Peace
Thailand’s energy policy has failed to develop solar and wind energy, making Vietnam a hub for foreign investment, employment and production, with these helping reduce the impact on that country’s economy from the Covid-19 crisis, Greenpeace Southeast Asia said in its Southeast Asia Power Sector ...
The Nation Reporter
New ad-hoc centre to track unemployment, help both employers and workers over legal rights
The Department of Labour Protection and Welfare has launched a new ad-hoc centre to track job losses, hoping to serve as an intermediary to help employers and workers gain access to legal rights.Covid-19 has affected businesses both in terms of increasing costs and unemployment. According ...
The Nation Reporter
Securities and Exchange Act being amended
The Securities and Exchange Commission (SEC) is amending the Securities and Exchange Act to allow SEC officials to become investigating officers in legal cases involving the Securities and Exchange Act and Future Exchange Act, said SEC secretary-general Ruenvadee Suwanmongkol.“Currently, SEC officials have no investigating authority ...
The Nation Reporter
Cabinet earmarks over Bt6 billion to deal with flooding, drought
The Cabinet on Tuesday (September 15) resolved to set aside Bt6.17 billion to solve flooding and drought problems in the country, the government’s deputy spokesperson Rachada Dhnadirek said.The funds will be split between the Office of the Natural Water Resources (ONWR), the Department of Disaster ...
The Nation Reporter
