Gulf Development Raises Kasikornbank Stake to 10%
Photo Credit: Bangkok Post Gulf Development Plc (GULF)’s decision to raise its shareholding in Kasikornbank (KBank) to around 10% is widely viewed by analysts as a carefully calibrated move that…
Kasikornbank Withdraws Key Profit Goal Amid Economic Challenges
Kasikornbank Plc has abandoned a major profit goal amid concerns that Thailand’s already fragile economy may worsen further, potentially dampening loan demand and increasing default rates. Thailand’s second-largest bank is…
Bangkok property market outlook continues to be bleak
The housing market in Bangkok is experiencing tremors as a result of the country’s high levels of household debt, rising interest rates and dwindling purchasing power. According to a Kasikornbank…