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Banks look to capitalise on agent services | Bangkok Post: business

Adisorn: Teaming up with 7-ElevenBanks are keen to apply for banking agent licences, allowing them to expand financial services at lower cost as more traditional branches close. Adisorn Sermchaiwong, senior executive vice-president at CIMBT, said agent licensing would ease the bank’s expansion through 7-Eleven convenience stores. Prassanee Ouiyamaphan, executive vice-president at BBL, said the bank […]

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Singapore Budget 2018: Winners and Losers

A range of tax increases, including a 2 percentage point increase to 9 percent in the goods and services levy, were unveiled by Singapore Finance Minister Heng Swee Keat in his budget speech to Parliament as among measures to financially equip the city state for financial pressures that will come with a rapidly aging population. […]

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Muscat bourse falls on weak sentiment

Muscat: A sluggish trend prevailed on the Muscat Securities Market with the general index shedding 6.89 points. The MSM 30 Index closed at 5,007.52 points. The market turnover stood at OMR1.25 million, indicating a growth of 29.9 per cent compared to the last session. The report released by MSM pointed out that the market value […]

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Sensex, Nifty off day’s high; Banking, Realty stocks drag

Benchmark indices come off day’s high amid profit booking. Today’s gains were seen in index heavyweights such as Tata Consultancy Services, Housing Development Finance Corp and metal companies. At 11:42 AM, the BSE Sensex was trading at 33,843, up 68 points, while the Nifty50 index was trading at 10,393, up 15 points. Shares of information […]

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Investment Guru Stocks Mutual Funds Commodity Currency World Market Expert Advice Free Tips Recommendation

Who moved my savings? Households’ savings rate declined in FY2017 led by financial savings rate. While there was a sharp increase in households’ financial assets investments, especially after demonetization, reduction in currency holdings has likely eroded flows into other asset classes. However, the ‘productive’ pool of financial savings had significantly increased, boding well for financing […]

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