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Total revenue of business enterprises in Thailand in 2021 will increase 2.1 compared to last year, but would still be 14.6 per cent lower than in 2019, according to TMB Analytics.

The price of Thai Military Bank (TMB) shares slumped more than 1.5 per cent in the morning session on Thursday, after Canada’s Bank of Nova Scotia (BNS) sold 4.40 billion TMB and TMB-F shares worth Bt5.02 billion.

Thai Military Bank (TMB) has responded to rising household debt during the Covid-19 crisis by educating people on how to best manage their borrowing. TMB has also set up a team of almost 100 advisers dedicated to solving customers’ debt problems.

TMB and Thanachart banks will reopen 882 branches nationwide from tomorrow (May 5) after the government eased its lockdown measures.

A TMB study says that eight million Thai workers are at risk of economic difficulty as their savings can sustain them for only 30 days. TMB Analytics Centre executive director Naris Sathapholdecha said that 34 per cent of Thais have sufficient savings or can last for more than six months without work, 45 per cent can manage for 2-3 months while 20 per cent have savings to sustain them for less than one month.

TMB and Thanachart banks opened 10 co-location branches in March, as an important step forward in the banks’ operations, Praphan Anuphong Ong-ard, TMB general manager and Thanachart chief executive officer, said.

TMBAM Eastspring announced on Thursday (March 26) that it had closed down two mutual funds, Thana Permpoon and Thana Paiboon, to avoid further losses to the investment of unit-holders.

TMB-Thanachart Bank will reduce MOR (Minimum Overdraft Rate) by 0.25 per cent to 6.675 per cent, and MRR (Minimum Retail Rate) by 0.12 per cent to 7.03 per cent, effective April 1, said chief executive officer Piti Tanthakasem.

TMB and Thanachart Bank announced on Tuesday (February 26) that they have set up and implemented preventive protocols to prevent and control the spread of Covid-19 strictly in keeping with the guidelines of the Department of Disease Control and Ministry of Public Health.

TMB and Thanachart Bank cut their Minimum Overdraft Rate (MOR) from 7.175 per cent to 6.925 per cent on Friday (February 7) to ease the financial burden of customers and help lift the subdued economy.

Thanachart Bank and TMB Bank, after the impending merger, will focus more on mortgage and car loans as both offer high return and where their strengths lie, said TMB Bank's chief executive officer Piti Tantakasem.

TMB appointed Marie Ramlie as Chief Retail Banking Officer, effective August 1, 2019. She succeeded Roel Huisman who had completed his tenure with TMB on July 31, 2019.