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Published on February 15, 2008

To cushion the impact on consumers, the department will soon revise its formula for calculating the retail pork price, which should bring the price down to less than Bt120 per kilo, director-general Yangyong Phuangrach said.

BAY buyout

Bank of Ayudhya has completed its planned Bt16.18-billion buyout of GE Capital Auto Lease (GECAL).

GECAL is Thailand's second-largest auto hire-purchase loan provider, with assets of Bt80.3 billion.

The acquisition boosted the assets of the country's sixth-largest bank by 18 per cent.

HSBC bills

HSBC has launched a promotion giving customers in Thailand the right to invest in one-month bills of exchange carrying 8.5-per-cent interest per year, provided they buy units worth more than Bt1 million of its foreign investment fund.

Wichit Phayuhanaveechai, HSBC's head of personal finance services, said the offer was to mark the bank's 120th anniversary in the Kingdom.

The Nation