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TMB Bank set for Bt28-bn boost

TMB Bank has approved its recapitalisation plan, paving the way for a new foreign investor probably ING Bank NV to own 35 per cent of the country's fifth-largest bank in two years, a Finance Ministry official said.

Published on October 19, 2007



The new partner and existing shareholders will inject nearly Bt28 billion, said the official.

The partner will initially own 25.1 per cent of TMB and will be allowed to own up to 35 per cent in the next two years subject to ministry approval. 

 

Hollywood model

Leaders from the meetings industry in Asia will use Hollywood movie themes to boost Thailand's sector, which has been in a downturn for a year.

The Big Picture workshop in Bangkok next Friday will be aimed at enhancing Thailand's meetings-industry skills. Experts will analyse best-practice case studies with a view to upgrading skills among Thailand's event organisers, marketers and destination-management companies.

The event, organised by the Pacific Asia Travel Association Thailand Chapter, will give practical tips and motivation to a sector that the Thailand Convention and Exhibition Bureau estimates will bring in about Bt56 billion in foreign exchange this year. The bureau estimates that some 814,000 MICE meetings, incentives, conventions and exhibitions delegates will visit Thailand this year.

Fruit for export

Six types of radiated fruit will be exported to the United States early next month, and their export volume is expected to reach 20,000-30,000 tonnes a year.

 The National Bureau of Agricultural Commodities and Food Standards yesterday said US Agriculture Department expert Ian Winborne had arrived to certify Thailand's radiation centre for fruit.

If it is certified, the bureau will start exporting mangoes, longans, lychees, mangosteens, rambutans and pineapples early next month.

Mangosteens have great export potential, because there are few export rivals.

The bureau plans to cooperate with the US over pest risks for dragon fruit, guavas, papayas and rose apples.

The Nation


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