SCB agrees to pay KMITL B1.5bn | Bangkok Post: business

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  • SCB agrees to pay KMITL B1.5bn

    27 Feb 2015 : Siam Commercial Bank (SCB) and King Mongkut’s Institute of Technology Ladkrabang (KMITL) has reached an agreement to settle the embezzlement scandal in which around 1.5 billion baht of the institution’s money disappeared from its SCB accounts.

  • Builders eye rebound vs foreign rivals

    27 Feb 2015 : Thai builders, laggards in Southeast Asia the past two years, are poised to rally as the government boosts infrastructure spending to spur the economy, according to UOB Kay Hian Securities (Thailand) Co

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  • furnishings

    Index names Philippine franchisee

    23 Jan 2015 : Index Living Mall Co, a local home furnishings and decor company, has signed a contract with SM Group, the Philippines' largest retail conglomerate.

  • Centara to alter its DNA profile

    23 Jan 2015 : Hotel management company Centara Hotels & Resorts is confident a clearly defined "DNA" of its hotel brands will help to build a stronger foundation for expansion.

  • gold

    Akara fights Phichit mine suspension

    23 Jan 2015 : Akara Resources Plc, which operates a gold mine in Phichit province, will appeal against the government's order to suspend operations this week.

  • Corporate Counsellor

    IT law update (PART 1): The Cybersecurity Bill

    23 Jan 2015 : Earlier this month, the cabinet approved a series of bills related to information technology, personal data, cybersecurity and telecommunications. One such bill would recast the Information and Communication Technology Ministry as the Digital Economy and Information Technology Ministry to reflect the importance of IT in Thailand's economy — the same rationale behind the entire set of bills. This article focuses on one of these bills, the cybersecurity bill. Next week in a follow-up article, we will discuss another one of these bills, the bill to amend the Computer Crimes Act.

  • Spain jobless rate falls in 2014 but long road ahead to recovery

    23 Jan 2015 : MADRID - Spain's unemployment rate fell for the second straight year in 2014, official data showed Thursday, but at 23.7% the country's labour market still faces a long road to recovery.

  • Boards approve BMCL-BECL merger

    22 Jan 2015 : Board members of the operators of Bangkok's subway and expressway have endorsed the merger of the two companies to bolster their business positions.

  • KMITL slams SCB in B1.6bn theft case

    22 Jan 2015 : King Mongkut's Institute of Technology Ladkrabang (KMITL) has issued a statement accusing Siam Commercial Bank of failing to submit key evidence in a case where 1.6 billion baht disappeared from its bank accounts.

  • ECB prepares artillery against deflation

    22 Jan 2015 : Global investors were anxiously awaiting the European Central Bank's first policy meeting of the year Thursday, expecting it to announce a massive bond-buying programme to stimulate the struggling eurozone.

  • One million tonnes of rice on auction

    22 Jan 2015 : The Commerce Ministry is auctioning off a total of one million tonnes of rice to domestic buyers on the condition that winning bidders must take all the grain in whatever warehouse stockpile they buy.

  • Corruption 'hits 5-year low'

    22 Jan 2015 : Corruption was seen as a problem by the fewest number of people in five years during the second half of last year, according to a survey released Thursday by University of the Thai Chamber of Commerce.

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