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Bt72.25 billion financing for two rail lines approved
The Cabinet yesterday approved the Mass Rapid Transit Authority of Thailand’s proposal to borrow Bt72.25 billion to finance two electric rail lines – the Blue Line (Bang Sue-Tha Phra) and the Green Line (Bearing-Samut Prakan).
Pakdeeharn Himathongkham, deputy government spokesman, said the Budget Bureau had been assigned to allocate the amount to the MRTA.
VMPC launches rental project
VMPC Co has launched its first project featuring homes for sale, worth a combined Bt140 million.
The project on Rama II Road has only 10 units.
The starting price is Bt13.9 million.
Having previously developed rental projects, this is the first time the group has developed residential units for sale. It has four projects for rent, company president Prinya Theanwara said.
Krung Thai Bt5 bn fund launched
Krung Thai Asset Management has launched the Bt5-billion Krung Thai FIF22 Fixed Income Fund (KTFF22), after the over-subscription last week of its previous fixed-income fund.
The subscription period was set for yesterday through Friday.
KTFF22, which will wholly invest in foreign fixed income, will have a maturity of 12 months with an expected rate of return of 4 per cent per annum.
Bt108m boost to competitiveness
The Commerce Ministry has allocated a budget of Bt108 million to the Bureau of Trade and Economic Policy to boost enterprises’ competitiveness in each region of the country ahead of the launch of the Asean Economic Community in 2015.
Benjawan Ratanaprayul, director of the bureau, said the budget would emphasise development of trade among local enterprises by encouraging them to invest in other Asean countries.
The budget will be allocated to businesses in every part of the country.
Under the development plan, the office will organise trade fairs, conduct road shows to Asean countries, engage in business matching and promote contract farming.
