Late news :Keep bad-debtor data longer: BOT
Bank of Thailand deputy governor Bandid Nijathaworn said the National Credit Bureau should be a repository of borrower information, not a vehicle for stimulating the economy.
"If the credit bureau is good, the scrutiny process of banks will be faster," he said. A proposal to keep records of bad debtors for only two years would reduce the data available, he said. Property developers have called on the bureau to keep bad-debtor records for only two years in a bid to increase their chances of receiving loans and boosting domestic spending.
China cutbacks CP Seven Eleven will sell shares and loan interest in Shanghai Lotus Supermarket Chain Store to Chia Tai Enterprises International for Bt3.9 billion, which will pay for shares through convertible bonds worth 891.2 million Hong Kong dollars (Bt3.9 billion). CP Seven Eleven said in a statement to the Stock Exchange of Thailand it would also dispose of 22 loss-making stores of Shanghai Lotus Supermarket to CP Holding (BVI) Investment. Independent financial adviser Ayudhya Securities will provide an opinion on the connected transactions for a June 27 shareholders' meeting.
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