SCB Reaffirms on Bad Debt Management with Ambitious Goal

Mr. Kris Chantanotoke, Chief Executive Officer of the Siam Commercial Bank Public Company Limited (SCB), made a comment regarding the economic situation in Thailand and trend of commercial banks amid fast-pace digital transformation. The CEO stated that the company can maintain and cap its non-performing loans (NPL) at about 3.31% despite facing the volatility in…

China says fiscal support to remain flexible, debt ratio ‘reasonable’

BEIJING (Sept 12): China’s fiscal policy has ample room, the government’s debt ratio remains “reasonable” and risks are controllable, Finance Minister Lan Foan said on Friday, pledging a more flexible fiscal push to shore up economic growth. The world’s second-largest economy has been hobbled by persistently weak domestic demand, a multi-year property crisis and mounting US trade pressure. Exports slowed in August as the boost from a…