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Article: Thailand's Mida Assets Considers Loans to Indochina.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- October 16, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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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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Article: Thai Appliance Retailer Mida Cuts Profit Target.
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... ... Nuntawun Polkuamdee, Bangkok Post, Thailand Knight Ridder ... Business News Jun. 18--Mida Assets has reduced its profit ... To see more of the Bangkok Post, or to subscribe to ... bangkokpost.com (c) 2004, Bangkok Post, Thailand. Distributed ...
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