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More Thai firms to expand abroad.

Bangkok Post (Bangkok, Thailand)

| October 04, 2004 | COPYRIGHT 2004 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Oct. 4--Steady domestic economic growth, healthy corporate balance sheets and a need to build new markets have encouraged more and more companies to look to invest abroad, according to Stephen Briones, country manager for ING investment bank.

"More and more, we are seeing Thai companies with an interest to expand overseas. Whether in Asia or Europe, the interest is huge," Mr Briones said.

ING is currently working on several mandates involving Thai companies investing abroad or foreign firms seeking domestic partners.

The local unit of the Dutch financial services giant currently offers asset management, life insurance and investment banking ...

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