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Aug. 4--BANTHOON SEES NO CHANGE IN RATES: Interest rate conditions are unlikely to change in the second half of the year, despite plans by the Financial Institutions Development Fund to issue 320 billion baht in bonds in the fourth quarter, according to Banthoon Lamsam, president of Thai Farmers Bank.
Mr Banthoon said the bond issues would help draw around 60-70 percent of the excess liquidity now in the market.
He said Thai Farmers Bank expected its operating performance to remain stable to the end of the year, assuming no new developments in the overall economy.
Credit growth remained sluggish, particularly in terms of new clients, Mr Banthoon said.
PRACHAI FILES AGAIN: The Central Bankruptcy Court has accepted a complaint filed by former Thai Petrochemical Industry chief executive Prachai Leophairatana, who wants Effective Planners removed as TPI's rehabilitation plan administrator because it had violated Article 90/67 of the Bankruptcy Act.
The complaint alleges that the planners had failed to carry out the plan, performed their duties in a dishonest way, caused damage to the debtors' company, and lacked qualifications as plan administrator.
The court has scheduled a hearing on Sept 10.