Siam General Factoring said its board on March 28 approved no dividend for 2002 due to retained loss, a capital reduction to 682.75m bt from 745.33m bt by cancelling 6.26m unissued shares (10 bt par), totalling 62.57m bt, a capital reduction to cl
Factoring and leasing company, Siam Panich (SPL) expects to post revenue growth of 22% in 2003, with net interest spreads maintained at 5%, according to president Shatchawan Kiatgraigangwant.
The Industrial Finance Corporation of Thailand (IFCT) is likely to become a commercial bank next year, focusing on long-term industrial investment, president Anothai Techamontrikul has said.
Small- and medium-enterprises (SMEs) could generate 50% of the country's gross domestic product by 2006, up from 42%, if a Cabinet meeting tomorrow approves the first master plan for their development.
The Industrial Promotion Department plans to seek the National Economic and Social Development Board's approval for a budget of 1.8-billion baht to forge ahead with its Invigorating Thai Business (ITB) programme for this year and next.
Four state and private agencies have officially begun a cluster programme to help small and medium-sized enterprises strengthen their competitiveness by pooling resources.
As many as 300 companies are ready to list on the Stock Exchange of Thailand, according to Twatchai Yongkittikul, secretary-general of the Thai Bankers' Association.
The Small and Medium Enterprise Development Bank of Thailand (SME Bank) has made its formal debut with the proclamation yesterday in the Royal Gazette of the new law governing the bank.
Bangkok Bank chairman Kosit Panpiemras said that continuing excess liquidity among Thailand’s commercial banks could see them opting for further interest rate cuts next year, though they would exercise caution not to hurt depositors.
Robust domestic demand and unexpected export growth have helped Thailand's economy to expand by 4.9 per cent in the first nine months of this year, up from a dismal 1.7 per cent in the same period last year, the Thai government said yesterday.
