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BUSINESS

Bangkok Bank buys StanChart Indonesian Bank for $2.7bn

Bloomberg News, Published on 12/12/2019

» SINGAPORE: Bangkok Bank Plc snapped up a controlling stake in Indonesia’s PT Bank Permata for about $2.7 billion (81.4 billion baht) in the first major purchase of an overseas lender by a Thai bank.

BUSINESS

KBank looking at mid-income range

Business, Somruedi Banchongduang, Published on 12/12/2019

» Kasikornbank (KBank) has expanded into the middle-income segment to penetrate a new customer base for bancassurance and mutual fund business, aiming to rev up fee-based income next year.

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BUSINESS

Sompo eyes travel top spot by 2023

Business, Darana Chudasri, Published on 12/12/2019

» Sompo Insurance Thailand, an arm of Sompo Holdings, wants to be the leader for travel insurance by 2023, supported by new insurance products and penetration into the retail and small enterprise segments.

BUSINESS

Trade chief vows 2020 FTA progress

Business, Phusadee Arunmas, Published on 12/12/2019

» Thailand's trade negotiation chief vows next year will see the signing of the Regional Comprehensive Economic Partnership (RCEP), the wrapping up of free trade agreement (FTA) negotiations with Turkey, and opening FTA talks with the EU and the UK.

BUSINESS

Tech trade tools gather pace

Business, Nuntawun Polkuamdee, Published on 12/12/2019

» Robo-advisers and algorithmic trading tools are expected to see increased usage for future investment as these sophisticated trading schemes have averaged a return of 6-8% per year during the past three years, said SCB Securities (SCBS).

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SPORTS

Japan's Masami gets top job at Chiang Rai United

Sports, Tor Chittinand, Published on 12/12/2019

» Taki Masami has been appointed coach of Chiang Rai United, the Thai League 1 champions announced yesterday.

THAILAND

Alro can't sue Pareena in land case

News, Post Reporters, Published on 12/12/2019

» The Agricultural Land Reform Office (Alro) has no authority to take legal action against Palang Pracharath Party MP Pareena Kraikupt after she agreed to hand over the 682 rai of Sor Por Kor land in her possession to the state.

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THAILAND

MP faces charge for bomb stunt

News, Aekarach Sattaburuth, Published on 12/12/2019

» The Secretariat of the House of Representatives is asking the police to press criminal charges against Thai Civilised Party leader, Mongkolkit Suksintaranont, for bringing an explosive device to parliament on Oct 30.

THAILAND

Pheu Thai candidate cleared

News, Post Reporters, Published on 12/12/2019

» The Election Commission (EC) has dismissed a challenge to Pheu Thai candidate Thanik Maseepitak, clearing the way for him to vie for a House seat in the Dec 22 by-election in Khon Kaen, an EC source said on Wednesday.

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SPORTS

7 and counting! Ratchanok beyond the reach of Busanan

Sports, Published on 12/12/2019

» Ratchanok Intanon began her BWF World Tour Finals campaign with a comprehensive win over Thai compatriot Busanan Ongbamrungphan on the opening day of the US$1.5 million season-ending tournament in Guangzhou, China, on Wednesday.