Saturday, February 23, 2019 - 2:26:16

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Thai banks to apply facial recognition technology

World

Thai banks to apply facial recognition technology

The Bank of Thailand (BoT) is finishing the testing of facial recognition software for the electronic Know Your Customer (e-KYC) technology in the regulatory sandbox, paving the way for banks to offer passbook account opening through mobile banking apps in the second quarter of 2019.

Thai firm to acquire Agribank subsidiary

Business

Thai firm to acquire Agribank subsidiary

Thai financial firm Srisawad Corporation is looking to acquire the Finance Leasing Company I (ALC I) of the Vietnam Bank for Agriculture and Rural Development (Agribank) at an estimated cost of 523 billion VND (22.45 million USD).

Most banks upbeat about 2019 performance

Business

Most banks upbeat about 2019 performance

Most banks will not officially set their annual targets until their shareholder meetings in April, but many bank leaders are optimistic about 2019 with plans to increase profits through cutting operating costs and promoting digital services.

Local car maker to export to ASEAN, US

Business

Local car maker to export to ASEAN, US

The Truong Hai Automobile Company (Thaco) plans to export locally manufactured buses, cars and semi-trailers as well as spare parts and accessories to the US, Canada, Thailand, Singapore and the Philippines worth 60 million USD in 2019.

Keeping the fire of hand embroidery alive

Culture - Sports

Keeping the fire of hand embroidery alive

Since Vietnam became a republic in 1945, many craft villages have moved away from their traditional sources of income. One start-up business is trying to update and maintain the 300-year-old craft of embroidery to meet contemporary needs.