Local hotel operators should consider using asset securitisation as a means of raising working capital to finance construction, according to Dr Olarn Chaipravat, an adviser to the Finance Ministry.
Shares of Dhanamitr Factoring (DM) have surged THB2.30, or 16 per cent, to THB16.60 on its first trading day, buoyed by optimism over the company's business prospects and attractive offering price.
The Thai government announced this week three tax amendments aimed at improving competitiveness within mid- to large-sized companies.
Siam General Factoring Plc (SGF), the Thai factor, has reported a net profit of Bht 86.33m for second quarter 2004.
Dhanamitr Factoring Plc plans to go public in the next few months to raise funds through an initial public offering (IPO).
On 19 July the Central Retail Corp and Central Department Store respectively sold their 50 per cent and ten per cent shareholdings in Thanamit Factoring, according to a report in Krungthep Turakij.
The SME Development Bank and the Bank for Agriculture and Agricultural Co-operatives yesterday agreed to offer financial support under the government's asset capitalisation programme.
Kasikornbank Plc (KBANK), Thailand’s third-largest commercial bank, said that it has taken steps to encourage small and medium-sized enterprises (SMEs) in the eastern region to increase their exports after it found that foreign investments in the
The Bank of Thailand will finalise the timeframe under which local commercial banks must comply with the new Basel capital accord over the next few months, according to Tarisa Wattanagase, the deputy central bank governor for the financial institu
“In line with the country’s continued economic recovery in 2003, the factoring industry achieved growth…”
