"CIMB Thai Bank"

CIMB Thai Bank has notified the Stock Exchange of Thailand today (June 18) of the resignation of its director, president and chief executive officer Adisorn Sermchaiwong.

When exports decline along with softening global demand and the on-going trade war uncertainty, exporters would likely order less from manufacturers.

The Nasdaq Composite climbed to a fresh record on the back of gains in megacap tech companies even as the Dow Jones Industrial Average sank following disappointing reports from retailers.

Commercial banks have shifted their strategy on homebuyers’ loans to introduce a “house for cash” approach that ease the impact of the loan to value (LTV) ratio recently set by the Bank of Thailand.

Quoting unaudited consolidated financial results for the six months ended June 30, Adisorn Sermchaiwong, acting president and chief executive of CIMB Thai Bank PCL, on Wednesday reported a consolidated net profit of Bt429.9 million for CIMB Thai group, a year-on-year increase of Bt69.8 million or 19.4 per cent.

The CIMB Thai bank said it has significant improvements attributed to growth in operating income and decline in provisions.

KUALA LUMPUR: The president and CEO of CIMB Thai Bank PCL Kittiphun Anutarasoti has extended his voluntary leave of absence by two months.

FWD Life Insurance Thailand and CIMB THAI Bank has signed a memorandum of understanding to sell “Your Choice” insurance, a unit-linked product from FWD Life Insurance through the CIMB Thai Bank.

CIMB Group Holdings Bhd has appointed Omar Siddiq Amir Noer Rashid as acting president and chief executive officer of its subsidiary, CIMB Thai Bank PCL, effective January 30.

CIMB Thai Bank has approved Kittiphun Anutarasoti's request for voluntary personal leave from the position of president and CEO of the financial institution, the bank said in a press release on Wednesday.

QueQ for banking means customers no longer have to stand waiting in a queue. The application allows customers to shop and wait for a notification.

INVESTORS should have more confidence in the economy now that the political ban has been lifted and political parties can present their policy platforms in the run-up to the general elections, an economist said yesterday.