Baht at crossroads as economy seen bottoming out this year

Oct 6, 2020 | Banking

The baht could be at a turning point. It’s the second-worst performing currency in Asia this year, but expectations that the economy may bottom out over the next few months is spurring some bullish bets. The baht lost ground as Thailand’s tourism-dependent economy was...

BBL offers L/C blockchain service

Nov 8, 2019 | Banking, Blockchain

Bangkok Bank (BBL) is set to roll out a blockchain-based letter of credit (L/C) service next month and aims for the innovative financial service to increase the bank’s trade finance business. The bank will use R3’s Corda-powered Voltron platform to...

SCB seizes Go-Jek opportunity

Jul 25, 2019 | Banking, Technology

Siam Commercial Bank (SCB) has invested an undisclosed amount in Go-Jek, the Indonesian unicorn startup, as Thai banks line up to fund ride-hailing services and strive to expand into the lucrative digital banking sector under a comprehensive ecosystem of offshore...