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Thailand

Non-bank financial-business regulation - focus on factoring

The factoring business has faced and still faces many legal problems and limitations due to a lack of specific laws governing factoring. It looks to the Civil and Commercial Code for guidance, but

EXIM chief warns on state of economy

EXIM Bank president Veerapong Ramangkura is concerned that the Thai economy may suffer a slump next year

Experian secures major contract with leading Thai commercial lender

Experian, the global information solutions company, has announced the signing of a five-year contract with one of the top commercial banks in Thailand

Free trade spells weaker future for local banks

Non-bank companies and retail banks are key competitors to the commercial banks in niches such as leasing, hire purchase and factoring

EWC likely to extend terms of Siam General Factoring loan

Eastern Wire Plc (EWC) is likely to allow Siam General Factoring Plc (SGF) to extend its loan repayments to the company for

Export-Import Bank of Thailand Q1 profits down

The Export-Import Bank of Thailand reported first-quarter profits of

Siam General Factors provides transaction details to SEC in EWC loan inquiry

The Securities and Exchange Commission has reiterated its advice to investors to exercise caution and monitor information disclosures by Eastern Wire Plc (EWC) and Siam General Factoring Plc (SGF)

Bank of Ayudhya, Bangkok aims for top spot with Surecomp's end-to-end trade finance solution

Surecomp, a leading provider of trade finance solutions for the banking and financial market, today announced that Bangkok-headquartered Bank of Ayudhya has licensed Surecomp's fully comprehensive STP end-to-end trade finance solution to automate their trade service operations

Siam General Factoring asked for details of EWC loan deals

The Securities and Exchange Commission (SEC) has ordered Eastern Wire Plc (EWC) and Siam General Factoring (SGF) to disclose details of loans between the two listed companies by

Thai Factor Association calls for legal framework for factoring businesses

The Thai Factor Association (TFA) has called on the Finance Ministry to establish a legal framework for the factoring business. Puntrika Baingern, the TFA president, said
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