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Thailand: Amendment allows asset managers to acquire bad debt

An amended law governing asset management companies will allow these firms to acquire bad assets for credit cards and personal loans from non-bank financial institutions, says a source at the Finance Ministry who requested anonymity.  The amended legislation will widen the business scope of asset management companies to purchase and transfer bad credit cards and personal […]

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Big C Supermarket Coming to Cambodia

The Thai retailing giant is to invest about $ 10 million in the construction of the Big C supermarket in Poipet. Domestic investors, Sok Heang, said by telephone on Monday that the mall will start construction next December, although the company has not received a royal license from the Cambodian government. “As far as I have […]

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