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Bigger role seen for BAAC.
Byline: Parista Yuthamanop
May 2--PATTAYA -- The Bank for Agriculture and Agricultural Co-operatives must take a more proactive role in easing poverty in rural communities, according to Finance Minister Somkid Jatusripitak.
The state bank will be the main vehicle in overseeing a plan to distribute hundreds of thousands of cows nationwide to rural farmers, a key campaign promise by the Thai Rak Thai party in the last election.
A special purpose vehicle would be established by the bank to arrange financing and sales of the cows, Dr Somkid said. The programme is just one of a number of initiatives that the government planned to launch to help cut ...
- BAAC finances still strong.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) October 27, 2006 700+ words
...worth of compensation for the BAAC's three-year soft-loan...Teerapong Tungteerasunan, the BAAC president, said it would increase...provisions. Currently, the BAAC takes three years in setting...completely." To see more of the Bangkok Post, or to subscribe to the newspaper...
- BAAC set to issue 2m smart cards over the next three years.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) October 31, 2005 700+ words
...certainly come first, as the BAAC is concerned that farmers might...10 percent per year. "The BAAC has been the last bank in the...increased," he said. The BAAC will adjust its interest rate...classes. To see more of the Bangkok Post, or to subscribe to the newspaper...
- Budget cut for BAAC rice scheme.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) October 30, 2006 700+ words
...last government to have the BAAC receive mortgaged rice directly...Organisation. Authorities said the BAAC should restrict its role to...has been run jointly by the BAAC, the Public Warehouse Organisation...farm bank. To see more of the Bangkok Post, or to subscribe to the newspaper...
- BAAC wants to draw B25bn in state deposits.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 9, 2006 700+ words
...a slight premium over the BAAC's normal institutional deposit rate of 0.75 percent. The BAAC currently has deposits of 400...from other deposit products. BAAC executives said the bank had...institutions. To see more of the Bangkok Post, or to subscribe to the newspaper...
- BAAC to release paddy stockpile.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) November 1, 2006 700+ words
...inventories under control of the BAAC. For the upcoming year, the...cut the overall budget for the BAAC programme in half to just 20...will begin in February. The BAAC has set a loan limit of up to...percent rice. To see more of the Bangkok Post, or to subscribe to the newspaper...
- BAAC set to open foreign-exchange booths.(Company overview)
- Newspaper article from: Bangkok Post (Bangkok, Thailand) August 31, 2007 700+ words
...competitiveness of our farmers." The BAAC hopes to establish the foreign...said the bank would help the BAAC train its staff to offer exchange...reducing the need for the BAAC to maintain foreign-currency inventories. To see more of the Bangkok Post, or to subscribe to the newspaper...
- BAAC to help farmers with mortgages.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) September 3, 2007 700+ words
...incurred. Money owed to the BAAC under the programme currently...Debt jumped sharply with the BAAC due to policies under the Thaksin...billion baht to repay debt to the BAAC for the rice programme. Mr...he said. To see more of the Bangkok Post, or to subscribe to the newspaper...
- BAAC budgets B5-10bn more for assistance.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 15, 2005 700+ words
...could be addressed by normal BAAC assistance. Under the special...normal financial aid system, the BAAC extends loan maturities by only...arrange water supplies. The BAAC is calculating the amount of...budget. To see more of the Bangkok Post, or to subscribe to the newspaper...