Briefs
SCB campaign to boost SME loans
Siam Commercial Bank is boosting SME loans in the final quarter of the year with a new campaign, allowing clients to borrow five times the appraised value of their collateralised assets to a maximum of Bt10 million. The borrowers, with annual sales of Bt10 million to Bt75 million, are offered a maximum repayment period of seven years.
The bank is confident that the campaign will boost new SME loans by Bt3 billion in the current quarter. Sirichai Sombutsiri, a senior executive vice president, said new SME loans would hit Bt50 billion by the end of the year, bringing outstanding loans to Bt210 billion. That would represent 30-per-cent annualised loan growth.
Defence order
Defence and security company Saab has received an order from the Royal Thai Air Force regarding extension of an air command and control system (ACCS). The order amounts to 104 million Swedish kroner (Bt467 million).
Saab will extend the ACCS it delivered in 2010. It is a part of the air-defence system consisting of the Gripen fighter and the airborne early warning system Saab 340 Erieye AEW.
“We are delivering an advanced air command and control system, which forms a vital part of the Thai air-defence system. The order is yet another milestone in the cooperation between Thailand and Saab, in a market that is very important for us,” said Gunilla Fransson, head of security and defence solutions for Saab.The contract will run until 2013.
EGCO president
EGCO Group, the first independent power producer in Thailand, has welcomed a new president, Sahust Pratuknukul, a former deputy governor of the Electricity Generating Authority of Thailand in charge of policy and planning.
Sahust is tasked with overseeing the corporate goals and formulating a strategic plan and investment encompassing the power and related energy-services businesses.
Electronics fair
The Export Promotion Department will hold the Bangkok Electric and Electronics fair from October 12-16 at Impact Muang Thong Thani to promote continued export of those products amid the global economic slowdown.
