New shares of Aeon Thana Sinsap (Thailand) PLC, a Thai finance firm offering purchase loans, credit cards, personal loans and factoring, were overwhelmingly oversubscribed yesterday at the launch of the consumer finance firm's initial public offer
For years, commercial banks have been urged to improve their credit analysis and risk management to turn away from traditional collateral-based lending to credit based on cashflow, to reduce the risks of illiquid markets and unrealistic asset valu
The Stock Exchange of Thailand (SET) president, Kittirat Na Ranong, said the SET board has approved the listing of AEON Thana Sinsap (Thailand) Plc.
Delays in the Council of State's legal interpretations of pending economic bills, including a draft of the Public Enterprise Corporation bill and Public Debt Management bill, are hampering the government's efforts to revive the flagging domestic e
United Factoring (1993) Co plans to seek a listing on the Market for Alternative Investment by the middle of next year to mobilise funds to lower its lending costs.
Siam General Factoring, the third largest player in the Thai market behind Thai Farmers Heller and Ayudhaya International Factors, has recorded a net profit of 4m bt for Q2 2001.
The Industry Ministry wants laws establishing a new SME bank to explicitly protect lending officers from legal liability if assets turn bad.
The Thai economy has moved ahead strongly in recent months, enjoying growth of 6.6% in the April-June 2000 quarter. During the first half of the year gross domestic product increased by 5.9% over its level in January-June 1999.
Cabinet ministers yesterday approved a final draft of a new factoring bill. Finance Minister Tarrin Nimmanahaeminda said the law would help set operational guidelines for factoring firms.
Details of a new scheme for promptly resolving legal disputes between bankers and defaulting debtors were announced yesterday by Thailand’s Finance Minister, Tarrin Nimmanahaeminda.
