Thai commercial banks asked to suspend interim dividends and share buybacks

13 Sept 14:47 Key points summarised by AI

The Bank of Thailand (BoT) has directed commercial banks to suspend interim dividend payments and delay share buybacks.
This measure aims to strengthen capital reserves, ensuring financial stability amidst the ongoing uncertainty of the COVID-19 pandemic.
Maintaining robust capital positions will enable banks to increase lending and support the economic recovery once the pandemic subsides.
Despite Thai banks currently holding a strong capital-to-assets ratio of 18.7%, the BoT emphasizes continued vigilance to navigate future uncertainties.

Six injured after car smashes into On Nut shopping mall

Today 22:44 Key points summarised by AI

A 67-year-old woman drove her car through the glass frontage of a Bangkok shopping mall, injuring six people, including a six-year-old girl.
The driver claimed she accidentally pressed the accelerator instead of the brake after being startled, causing the vehicle to surge forward.
She apologized to the victims, promising insurance coverage and additional financial aid, while police continue to gather statements before filing charges.