This week promises to be eventful for the business world, with key updates expected from the European Central Bank (ECB), the latest construction data, and a consumer update from the...
Category: Finance
Redditch Supply Chain Business Celebrates Young Leader Award
Redditch-based supply chain business Oakland International is celebrating the success of Operations Manager Valentina Florina-Drescanu, who has been recognized as one of the recipients of the 2024 Cold Chain Federation...
Thai Stock Market Rallies with 23.36 Point Gain Amid Banking Sector Fund Inflows
The Thai stock market experienced a significant rally on September 6, 2024, closing up by 23.36 points to settle at 1,427.64 points, marking a 1.66% increase. This surge was driven...
OCBC’s New Digital Banking Account for Children Sparks Concerns Among Some Singaporeans
OCBC Bank has announced the launch of its new digital banking account for children aged 7 to 15, set to be available from October 20, 2024. The OCBC MyOwn Account...
Australian Shares Tick Higher as Banks Gain, US Jobs Data in Focus
Australian shares edged higher on Friday, buoyed by gains in the banking sector as investors awaited a crucial US jobs report. The S&P/ASX 200 index rose by 0.1% to 7,992.3...
DBS Names Calvin Ong as Head of Consumer Banking in Singapore
DBS has announced the appointment of Calvin Ong as the new head of consumer banking in Singapore, effective January 1, 2025. Ong will succeed Jeremy Soo, who is set to...
Bad Loans Expected to Hit Banks Hard This Year
The banking sector in Thailand is bracing for a challenging year as bad loans are expected to rise significantly. Analysts predict that the deterioration in asset quality will continue, driven...
Assurances Sought on How Wick Banking Hub Will Work
The Royal Burgh of Wick Community Council has raised several questions regarding the operation of the proposed banking hub in Wick. This initiative comes in response to the impending closure...
Central Fraud Register Curbs Mule Accounts in Thai Banking Sector
In a significant move to combat financial fraud, the Thai Bankers’ Association (TBA) and the Bank of Thailand (BoT) have implemented a Central Fraud Register (CFR) system. Launched last month,...
15,000 Blacklisted and 34,000 Accounts Suspended in Thai Banking Fraud Crackdown
In a significant move to combat financial fraud, the Thai Bankers Association (TBA) has blacklisted 15,000 individuals and suspended 34,000 bank accounts linked to call-center scam operations. This crackdown, announced...