The bank plans to expand its wealth management business, while being more cautious with automobile loans.
IPOs & Markets
At $2 billion, Central Retail’s planned offering would be the second-largest in Thailand.
The Bank of Thailand, which owns almost the entire company, will offer as many as 1.48 billion existing shares. Its holding in BCAM will fall to 45.6%
SCB expects digital lending to retail customers to climb almost eight-fold this year.
The funding will help Indonesia’s most valuable technology startup bolster its financial services.
Sarath Ratanavadi has vaulted up Thailand’s billionaire list as his Gulf Energy Development Pcl outpaces most of the world’s power companies.
Charoen Sirivadhanabhakdi’s net worth has reportedly risen to $13.4 billion.
Thailand named Ruenvadee Suwanmongkol as secretary general of the SEC, appointing a woman to run the market regulator for the first time.
The Thai central bank plans to reduce its stake in BAM to less than 50% through the share sale, down from 100% currently.
While the Srivaddhanaprabhas are famous for their turnaround of Leicester City, the family’s fortune is derived mostly from its duty-free giant back
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