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The factoring industry is neither registered nor regulated in Thailand. Nevertheless, the industry has been flourishing for at least a decade. In February 2004 the Thai Factors Association (TFA) said turnover may have reached Bt120bn (US$3bn) in 2003, based on...
#bank#exporters#interest rates
As a whole, SMEs have limited assets and inadequate collateral; their financial accounting is poor; they are often family-run, and…
Siam General Factoring Plc's purchase of Global Thai Finance will bring financial expertise to the former and a backdoor listing…
Many local businesses and institutions are not in a position to benefit from intellectual property (IP) because of their lack…
Siam City Bank has sold a 48.16 per cent stake (8,668,800 shares) held in Siam City Factoring at 0.35 bt…
#3M#bank
Fitch Ratings, the international ratings agency, has placed Bank of Asia’s long-term and short-term debt on negative watch following news…
Finance companies have until mid-year to submit plans on whether they will upgrade to a full-service or retail banking licence…
#bank#financial services#management
Siam General Factoring Plc is to merge with Global Thai Finance Co through a 100-per-cent share swap in a move…
JCM Engineering Concept Co, a factory construction company, has set up an arrangement with banks to finance the building of…
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has entered into a major organisational restructuring process after…
#bank#debt collection#economy
The Siam Cement Group has expressed interest in a government initiative to establish trading companies to help promote small- and…
#interest#investment#smes
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) predicts its credit line will jump 28.5% to 36…
#bank#economy#financial institution
State-owned Siam City Bank (SCIB) will become a full service bank within the next three years, adding subsidiaries during that…