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Thai Banks Challenge Venture Capital Fund.
Byline: Yuthana Praiwan
Aug. 1--The SMEs Venture Capital Fund, managed by One Asset Management Co, is concerned about growing competition from banks as a source of funds for small and medium-sized enterprises.
Many of the state-initiated fund's potential clients have instead sought financing from banks due to current record-low lending rates
To stay competitive and differentiate itself, the fund would provide some extra services that are not available from the banks, said Wiwan Tharahiranchote, president of One Asset Management.
An additional service mentioned was for the one-billion-baht fund to assist SMEs in management and marketing ...
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