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Thai consumer finance firm braces for higher interest rates, expenses.
Sep. 3--KTC Krungthai Card is tightening its spending in anticipation of rising expenses and interest rates in the near future.
President Niwatt Chittalarn said the consumer finance firm was taking a cautious approach in its marketing activities to guard against rising costs in the future.
Soaring oil prices may have a considerable impact on expenses as well as interest rate trends, he said.
"If oil prices reach 25 baht per litre, it will definitely have an impact on business expenses. Oil prices are a key factor in interest rate trends, and if interest rates increase, we will have to follow," Mr Niwatt said.
KTC, a unit of state-owned ...
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