Article: Thailand's Mida Assets Considers Loans to Indochina.

By Krissana Parnsoonthorn, Bangkok Post, Thailand Knight Ridder/Tribune Business News

Oct. 16--Mida Assets Plc is looking at expanding its consumer hire-purchase business into Indochina after June next year.

"We see high potential there," said managing director Kamol Eawsivigoon. "Our team has surveyed Laos, Cambodia and Vietnam and we will select the first country soon."

Investing in the three countries entailed low currency-exchange risks, he said, as Laos accepts baht and Vietnam and Cambodia use US dollars as well as their own currencies. However, interest rates on hire-purchase loans in Indochina were likely to be higher than in ...

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