TMB Bank's third-quarter net profit more than doubled, largely due to a one-off gain of 11.8 billion baht from divestment of a 65% stake in TMB Asset Management (TMBAM) to Eastspring Investments, an asset management arm of Prudential Corporation Asia.

After months of merger and acquisition (M&A) rumours, the Finance Ministry has acknowledged that it is exploring potential partners, both local and foreign, for TMB Bank.

Eleven SET-listed commercial banks delivered a 14.7% year-on-year increase in unreviewed aggregated net profit for the three months through September, largely boosted by lower loan-loss provisions, higher net interest income and TMB Bank's one-time gain of 11.8 billion baht from the divestment of a 65% stake in its asset management…

A move to end the tax deductions for long-term equity funds (LTFs) could severely affect Thailand's stock market as the global stock market bull run is poised to dissipate in 2020, says a mutual fund specialist.

Reliance Industries (RIL) on Wednesday said it will invest Rs 2,940 crore in Hathway for 51.3% stake via a preferential issue of shares at a share price of Rs 32.35 apiece.

The Association of Investment Management Companies (AIMC) aims to promote national savings in mutual funds, hoping they expand to 45% of the country's GDP as Thailand's population ages.