Thailand Spending slump hits direct sales – The direct-sales industry is expected to grow by 5% to about Bt73.5bn this year, down by half from the norm over the past decade, says the Thai Direct Selling Association. President Kittawat Ritteerawee said the slowdown in consumer spending in the sector has been evident since the first […]

Read More →

BAY: Consumer unit eyes regional growth. Krungsri Consumer, the personal finance arm of Bank of Ayudhya (BAY), will continue expanding its retail banking business regionally. The move is in line with the business strategy of Bank of Tokyo-Mitsubishi UFJ (BTMU), which will soon become the main shareholder in BAY. The managing director of Krungsri Consumer, […]

Read More →