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Thai Agency Says Organisation Should Help the Poor Use Assets as Collateral.
Feb. 13--A public organisation should be established to help the poor use their assets as collateral for loans, the country's key state planning agency has recommended.
The proposal by the National Economic and Social Development Board will be discussed at a workshop on Feb 21 when the government is scheduled to announce five categories of assets that could be lodged as collateral.
These are Sor Por Kor 4-01 rights to land and other property, intellectual property, ownership of registered machinery, ownership of market stalls and leases of state-owned land.
The government says the move will give the poor a lifeline by opening access to funds.
...- Thai Prime Minister Eyes Underground Economy to Lift GDP.
- Newspaper article from: Knight Ridder/Tribune Business News February 22, 2003 700+ words
...Ministry has begun a programme allowing Sor Por Kor land documents to be used as collateral...34 million families under the Sor Por Kor land reform programme, with 20...documents under state programmes such as Sor Por Kor would be able to be used the same...
- Thai Agency Says Organisation Should Help the Poor Use Assets as Collateral.
- Newspaper article from: Knight Ridder/Tribune Business News February 13, 2003 700+ words
...lodged as collateral. These are Sor Por Kor 4-01 rights to land and other...Cooperatives (BAAC) by placing Sor Por Kor 4-01 documents as collateral...the management of large plots of Sor Por Kor 4-01 land, which is usually held...
- Thai Authorities Clarify Agricultural Land-Reform Programme's Rules.
- Newspaper article from: Knight Ridder/Tribune Business News July 7, 2003 700+ words
...land reform programme, known as Sor Por Kor 4-01, saying that ownership will...failed to honour debt repayments. Sor Por Kor 4-01 documents recognise that...that the loans they made against Sor Por Kor 4-01 documents would not turn...
- Land Prices in Phuket, Thailand, Surge by 20 Percent to 50 Percent.
- Newspaper article from: Knight Ridder/Tribune Business News September 10, 2003 700+ words
...Europeans, as well as Thais who want to acquire a second home outside busy Bangkok. Because of recent controversies over Sor Por Kor land, which is supposed to be reserved for poor farmers, Mrs Nassapon said buyers were becoming more sceptical and...
- Bangkok Bank agrees to lend under Thai asset-capitalisation scheme.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 16, 2004 700+ words
...rights documents had been issued for 700,000 applications to date, out of a target for the year of 100,000. For Sor Por Kor land documents, 40,000 had been issued out of a target of 200,000. The Treasury Department, which oversees public...
- Land Valuations Set to Rise 20 Percent in Thailand.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) April 3, 2003 700+ words
...income groups the opportunity to use asset rights, such as lease rights in open markets or land documents received under Sor Por Kor reform programmes, for collateral against loans from state financial institutions. Mr Varathep said new valuations...
- Thai Banks Back Land-Loan Plan.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) October 2, 2003 700+ words
...in the next five years. The government expects to extend loans next year to holders of 10.3 million rai under the Sor Por Kor 4-01 scheme, and small business owners with contracts to public land in Bangkok, Chiang Mai, Songkhla, Nonthaburi...
Source: HighBeam Research, Thai Agency Says Organisation Should Help the Poor Use Assets as...