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The Latest Breaking News from SCB

After months of market volatility and sliding prices, the digital asset landscape in Thailand is poised for intense competition, with new players lining up to enter the sector amid a tightening regulatory environment.

Bangkok Post

Bitkub CTO to appeal insider trading

The chief technology officer (CTO) of Bitkub, Thailand's largest cryptocurrency exchange, said he will appeal against the Securities and Exchange Commission's (SEC) 8.53-million-baht fine for insider trading, and will remain in the position until the legal process is clarified.

Bangkok Post

B8.5m fine for Bitkub coin insider trading

The Securities and Exchange Commission has fined an executive member of Bitkub Blockchain Technology Co (BBT) 8.53 million baht for insider trading.

Bangkok Post

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Salutary lessons from the aborted Bitkub takeover deal

Stock analysts and industrialists in the digital asset business shared their views and the lessons learned after the aborted plan of SCB X group to acquire shares in the crypto exchange market Bitkub Online last week.

Bangkok Post

SCB X scraps Bitkub investment plan

SCB X Group's planned investment in Bitkub Capital Group Holdings' crypto exchange has been cancelled, amid uncertainty over Bitkub's settlement of regulatory issues with the Securities and Exchange Commission (SEC).

Bangkok Post

SCB scraps deal for Bitkub

Siam Commercial Bank (SCB) has scrapped a 17.8-billion-baht deal to buy a controlling stake in Bitkub Online, saying the country’s biggest digital asset exchange needs time to fix regulatory issues.

Bangkok Post

Banks pledge to maintain prime lending interest rate

Local banks have announced they are maintaining the prime lending interest rate to support fragile customers amid a rising interest rate trend.

Bangkok Post

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Tech investors wary amid volatile market

While digital assets are still on the radar of local banks seeking long-term growth opportunities, they plan to be more cautious when investing in them amid a volatile market, say banking chiefs.

Bangkok Post

Bitkub deal delay casts doubts over SCB’s makeover

A delayed deal between Thailand’s oldest bank and its largest cryptocurrency exchange is raising doubts about the 115-year-old financial group’s ambition to become a regional fintech powerhouse.

Bangkok Post

IVGS granted B6bn sustainability-linked loan

Siam Commercial Bank (SCB) has provided a 6-billion-baht sustainability-linked loan to a unit of the global chemical company Indorama Ventures (IVL) to manage liquidity.

Bangkok Post

Banks give ESG the okay

Banks are continuing to incorporate environmental, social and governance (ESG) factors into their business operations in a push for a sustainable transformation of the economy.

Bangkok Post

Healthcare stocks lead the way

Investing in stocks and assets with high pricing power and long-term growth potential has traditionally been a good way to capture gains and stay ahead in an inflationary environment.

Bangkok Post

Yorkshire racing driver invests more than £300k in 'climate positive' driving experience venture

Former Ginetta team member Ben Hyland and fellow racer Mike Jarvis have launched Hype Motorspot

Birmingham Post

SCB Easy app set to become full-scale digital platform

SCB Easy, the mobile banking app of Siam Commercial Bank (SCB), has strengthened its infrastructure to become a comprehensive digital banking platform.

Bangkok Post

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Bangkok Post

Ukraine, inflation and Covid still in spotlight

We expect the SET Index to continue to be volatile. Russia's war in Ukraine will remain in the spotlight, while investors will keep an eye on signals from the US Federal Reserve and the Covid-19 outbreak in China, which is forecast to peak soon. On the domestic front, earnings speculation…

Bangkok Post

SCB X shares surge in SET debut after successful swap offer

Shares of SCB X Plc, a holding company that controls Thailand’s fourth-largest lender by assets, surged on the first day of trading on Wednesday after it successfully concluded a stock-swap offer for the banking unit.

Bangkok Post

Banks, insurer make key appointments

Three major local banks and a leading insurer announced on Friday the appointment of new executives in response to customer demand amid the changing financial landscape.

Bangkok Post

SCB sees stagflation for Thai economy

Thailand's economy has gone into stagflation because of a fragile recovery and surging price hikes, says an economist at the Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank (SCB).

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Bangkok Post

Regulation may affect SCB-Bitkub deal

The Bank of Thailand's new rule to cap investment by commercial banks in digital asset businesses at under 3% of their capital may affect Siam Commercial Bank's (SCB) 17.85-billion-baht investment deal in Bitkub Online as its value exceeds the limit.

Bangkok Post

Bank shares fall as debt fears prompt downgrades

Banking and finance stocks slid after S&P Global Ratings downgraded the credit ratings of four Thai banks on concerns over high household debt.

Bangkok Post

Alpha X targets SET listing, loan growth

Alpha X Ltd, a luxury car loan provider under SCB X, aims to grow its auto loan portfolio to 20 billion baht by 2025 and plans to list on the Stock Exchange of Thailand (SET) within five years.

Bangkok Post

Top banks set lower NPL targets for 2022

Four local banks unveiled their financial goals for this year, with all setting lower non-performing loan (NPL) targets in line with the economic recovery, although the rebound is projected to be uneven.

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