Briefs

The Government Housing Bank under new president Chatchai Sirilai has unveiled a three-pronged strategy to drive home-loan growth and reduce management costs.
The strategy centres on social, business and management solutions.
The social solution involves helping disadvantaged people accessing home loans; the business solution promotes the bank as the choice for high-income earners looking for home loans; and the management solution focuses on delivering lower costs through more efficiency.
Chatchai said the bank needed to balance its lending portfolio between low- and high-income earners so it could achieve sustainable growth without depending on government support.
Under the new vision, over the next four years the bank aims to grow strongly with a targeted market share of one-third of the home-loan segment.
It aims to have a loan portfolio of Bt1.15 trillion and total assets of Bt1.2 trillion in that time.
Its assets total as of April was Bt945.11 billion, up from Bt900.22 billion last year.

Warning over unlicensed overseas payment service providers

The Bank of Thailand has urged business operators to be aware of the risks associated with receiving payments for products and services from overseas payment service providers unregistered in Thailand.
Presently, a number of overseas payment service providers not licensed in Thailand provide payment services for products and services.
The list of licensed payment service providers can be found on the central bank’s website.