Economy March 12, 2014 00:00

By The Nation

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Home loans up for talks

Caretaker Prime Minister Yingluck Shinawatra yesterday asked her finance minister to discuss with financial institutions about proper loan extensions for homebuyers after the National Economic and Social Development Board reported slowing economic figures.
The property market has softened in the past two months due to oversupply, delayed purchases in light of the political situation and more stringent lending conditions, Sunisa Lertpakkawat, deputy government spokeswoman, said yesterday, citing the NESDB’s report to the Cabinet meeting.
Ampon Kittiampon, secretary-general of the Cabinet and chairman of the Bank of Thailand, said commercial banks have proper ways to extend loan terms. 
According to the NESDB, tourism remains the main business generating income for the country, however, foreign tourists continued to decline after the prolonged political protests. In the first two months, their number dropped 8 per cent.
Disbursements accelerate
Disbursement of the fiscal 2014 budget reached 44.97 per cent in the first quarter and is expected to exceed the first two-quarter target of 46 per cent.
 Somsak Chotrattanasiri, budget director for the Budget Bureau, said yesterday that about Bt1 billion for 28 projects is on hold, as the new government has not been formed yet. 
Nearly 3 million 3G users here 
Of the 93.7 million mobile subscribers in the country, 42.9 million are now 3G users.
Three companies were awarded 3G-2.1GHz licences last year.
Advanced Wireless Communication of Advanced Info Service has 19 million subscribers, DTAC TriNet of Total Access Communication has 10.6 million and True Group has 13.3 million.
The remaining 50.8 million mobile users are still on the 2G platform. AIS has 23 million, DTAC 20 million and True 7.8 million.
TV licences for public service 
The National Broadcasting and Telecommunications Commission will open applications from April 10-25 for digital terrestrial TV licences in the public service category.
The winners will be decided by a beauty contest. 
The Broadcasting Committee announced the dates on Monday. 
The public service category aims to promote public understanding of the government and democracy.
The Nation understands that Parliament, which operates the Parliament satellite TV channel, is among potential public organisations wishing to obtain this licence.
Siripino Building goes to fund  
Sansiri Plc’s board has approved the disposal of its property, Siripinyo Building, an office building for lease, to the Siri Prime Office Property Fund worth Bt1.9 billion. 
The fund will be established by SCB Asset Management Co, according to the company’s filing to the Stock Exchange of Thailand.
Mae Wong Energy taken over 
Thai Polycons Plc’s subsidiary TPC Power Holding Co took over 85 per cent of Mae Wong Energy Co for Bt4.98 million from Prapas Sritongkum. 
Mae Wong Energy’s registered capital will rise to Bt200 million after the deal.
Mae Wong Energy’s project has investment value of Bt700 million, including land worth Bt40 million, machinery and construction of the power plant worth Bt615 million and project development and equipment worth Bt45 million.
Water-purifier maker to list  
Thiensurat, a manufacturer and distributor of water purifiers, is prepared to go ahead with its initial public offering after winning primary approval from the Securities and Exchange Commission.
The application to sell 86 million shares with Bt1 par value was approved, the company said in a statement yesterday.