Fitch Ratings on Monday upgraded Thai Life Insurance’s insurer financial strength (IFS) rating to “A-“ (strong) from “BBB+” (good), and affirmed the listed company’s national IFS Rating at “AAA(tha)”. The outlooks for both are stable, while the Under Criteria Observation status on the ratings has also been removed.

The Government Savings Bank (GSB) has announced a 100-per-cent growth in net profit year on year. The bank reported net profit of Bt13.479 billion for the first quarter of 2018, a figure boosted by gains from the sale of its stake in IRPC Plc to PTT Plc early this year, the bank’s president and chief executive officer Chatchai Payuhanaveechai said at a press conference.