Reform, perceived bank shift alter Thai finance scene
Article Abstract:
The refusal of Thailand's central bank to come to the rescue of ailing financial institutions may have done more to restore confidence in Thailand's finance industry than the four new financial reform laws passed by the cabinet. The reform laws cover aspects which would help financial institutions weather the crisis, such as the removal of the 25% limit on foreign investments, merger protection, raising of liquidity by selling loans in the form of securities and the establishment of a state agency to buy mortgage loans. The refusal of the central bank to come to the rescue may force more mergers between ailing financial institutions and result in a stronger and better managed financial market.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Escrow plan will squeeze Thai property companies
Article Abstract:
Observers believe that a soon-to-be-implemented plan aimed at protecting home buyers will have an adverse impact on the Thai real estate industry. Under the new Thai Ministry of Finance regulation, all monthly payments made by home buyers are to be put into escrow pending the completion of the property and subsequent acceptance by the customer. Analysts state that this will make it doubly difficult for Thai developers, many of which are already struggling for funds, to obtain financing for their projects.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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Central bank shakes up a thai institution: BMB is ordered to raise new capital as president, board are replaced
Article Abstract:
Bangkok Metropolitan Bank (BMB) has been ordered by the Thai Central Bank to raise 8.9 billion baht in new capital or risk being seized and its management replaced. The Thai central bank also replaced BMB's president and board aside from giving the bank up to the third week of Jan 1998 to raise new capital. The move is the consequence of the bank's failure to present a credible capital-raising plan to the government.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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