Thitikorn to open two branches in Cambodia
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Listed hire-purchase company Thitikorn plans to open two branches in Cambodia next year, after being in the market for one year and finding huge opportunity and high demand for motorcycle lending there, managing director Prathama Phornprapha said yesterda
With the Asean Economic Community being implemented at the turn of the year, the company believes Thai operators are in a good position to expand their businesses in Asean.
Thitikorn targets overseas revenue accounting for 50 per cent of its income within the next five years, she said.
Meanwhile, the motorcycle hire-purchase market is expected to return to growth in 2016 after declining for the past two years, she added.
The company’s loan portfolio, which stood at Bt7.3 billion at the end of the third quarter, is expected to expand by 5 per cent over the next 12 months.
SEC seeks public opinion
The Securities and Exchange Commission is seeking public opinion on a draft amendment to the regulations on information-technology security management of securities companies and derivatives intermediaries.
The amendment proposal aims to strengthen IT security protection for intermediaries to cope with potential new types of risk arising from the use of new technologies such as mobile devices and cloud computing to offer services.
The amendment to the governing regulations has taken into consideration the comments and suggestions received from the first public hearing, held in February this year.
The public-hearing period ends on February 19 next year.
