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The Latest Breaking News from SCB

Launching a Scottish pound will be straightforward, but we must plan ahead

IN this series of articles members of the Scottish Currency Group outline the case for a separate Scottish currency – the Scottish Pound – to be…

The National (Scotland)

Collapse of the SCB-Bitkub deal

Siam Commercial Bank (SCB), Thailand's oldest lender, announced on Aug 25 the collapse of its acquisition offer for 51% of the shares of Bitkub Online Co (Bitkub) from Bitkub Capital for 17.8 billion baht, citing regulatory issues.

Bangkok Post

Asian shares follow Wall Street downward

RECAP: Asian stocks resumed their declines yesterday after a slump in US tech stocks and more economic data supporting the case for the Federal Reserve to keep raising interest rates set a downbeat tone.

Bangkok Post

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Top thailand industry players unveil insights on 'Future business in the digital era'

Digital infrastructure modernisation, agile operations and ecosystem partnerships are imperative for businesses to create new innovations and services and achieve success in the face of digital disruption and other pressing challenges, say IT heads of business pioneers in Thailand.

Bangkok Post

Local banks forecast to move this week

Local banks are expected to raise interest rates this week following the Bank of Thailand's recent policy rate hike, while borrowers could face a normalisation of loan rates for next year.

Bangkok Post

SET outlook brightens at 1,600 points and beyond

The SET staged a big recovery in October from its poor performance the month before, establishing a new support level at 1,600 points. The trading range was between 1,553.80 and 1,619.08 with a close at 1,608.76, up 19.25 points or 1.2% on the month.

Bangkok Post

Cracks in Vietnam rattle investors

Financial markets in Vietnam, Asia’s fastest-growing economy, are in an unsettling slide as a crackdown on property lending, a falling currency and rising interest rates heap pressure on banks and rattle confidence.

Bangkok Post

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Vietnamese property tycoon arrested after multi-million pound fraud bust by police

Truong My Lan, the chairman of a Ho Chin Minh property firm, was arrested for illegally issuing bonds to raise tens of millions of pounds from investors during 2018-2019

Daily Mirror

Vietnam arrests real estate tycoon over financial frauds

A Vietnamese real estate tycoon was arrested on suspicion of financial fraud, the police said on Saturday, as the country broadens its years-long anti-graft drive.

Reuters

SCB X rejig targets regional fintech status

SCB X, the holding company of Siam Commercial Bank (SCB) Group, has set a five-year business direction ending in 2026 to pave the way for it to become a regional financial technology company and generate income from new sources.

Bangkok Post

Lanarkshire independent butchers back pig producers during 'Porktober' initiative

Scottish Craft Butchers in the area to promote nutritional and economic value of pork in 'buy Scottish' drive.

Daily Record

ASPS touts SCB's strong outlook

Siam Commercial Bank (SCB), Thailand's oldest lender, is viewed as an outstanding stock to watch given its fintech business expansion and high-yield lending services, according to Asia Plus Securities (ASPS).

Bangkok Post

Positioning for a fourth-quarter take-off

August was good to the Stock Exchange of Thailand with the index moving up 62.52 points, or 4% month-on-month, to close at 1,638.93 points. Average daily turnover improved significantly, climbing 21% to 70.7 billion baht, from only 58.3 billion in July.

Bangkok Post

Gulf vows to stick with Binance deal

The scrapped Siam Commercial Bank (SCB)-Bitkub investment deal has not deterred Gulf Energy Development from its decision to venture into the digital asset business, with the company saying it was determined to benefit from the latest trend in new technology.

Bangkok Post

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Bangkok Post

Crypto competition heats up

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

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.

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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

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.

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