Biznews round-up
- Finance Minister Thanong Bidaya said he had yet to see TMB Bank's plan to raise funds.
He said if the Finance Ministry was called on to invest more in the bank the decision should be made by the new Cabinet which should be formed after the snap election on April 2. TMB's board has agreed to increase capital by Bt20 billion. --------------- - The Stock Exchange of Thailand plans to park Bt300 million in foreign investment funds this year with the expectation of earning about a 4-per-cent return, SET executive vice president Patareeya Benjapolchai said. The SET has also prepared Bt300 million to invest in property funds and it aims to participate in the Thai Futures Exchange through mutual funds after it commences trading on April 28. --------------- - TRIS Rating Co has affirmed the "AAA" rating of Toyota Leasing (Thailand) Co, Ltd's Bt8 billion guaranteed debentures, under the Bt30-billion medium-term debenture programme. It has also affirmed the "T1+" rating of Toyota Leasing's Bt10 billion guaranteed short-term debentures. --------------- - GE Money Thailand plans to expand into the provinces through GE Motorcycle Credit. The motorcycle instalment loan programme is available for all major brands of bikes with a minimum down payment of Bt2,000 to Bt3,000 and loan periods of 12-36 months.
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