09 June 2004 10:47
IN BRIEF: Trade finance
ByLine: The Nation.
IN BRIEF: Trade finance
Exim signs $20m deal with Russian bank to help promote Thai exports
The Export-Import Bank of Thailand (Exim Thailand), under the Bilateral Payment Arrangement (BPA) program, signed an
agreement to provide a Revolving Trade Financing Facility to Russia through the Russian government's appointed
bank, Vneshtorgbank.
Exim Thailand president Sataporn Jinachitra, said the BPS agreement was concluded in line with the policies of the
Thai and Russian governments to promote trade between the two nations.
At present, the volume of imports into Thailand from Russia is much higher than exports, resulting in a trade
imbalance.
The two banks have therefore agreed that Exim Thailand provide a short-term Revolving Trade Financing Facility worth
US$20 million to Vneshtorgbank to be used to finance Thai exports to Russia.
Retail - HomeWorks owner expects growth
CRC Power Retail, operator of home decor retailer HomeWorks, expects sales to grow 15 per cent by the end of the
second quarter.
This follows the introduction of its new mid-year sale marketing campaign, running from now until June
23.
Managing director Phithak Tanphibulwong, said the company had also introduced a VIP card offering a 5 per cent
discount to cardholders.
Thai airways - Seat promotion
Thai Airways International has announced a new promotion for Royal First Class and Royal Executive Class seats
departing from Bangkok to all destinations.
The 'Buy One Get One' campaign, which was reintroduced following last year's success, is available
until the end of August.
Public relations - Local contract
Netherlands-based Leading Minds, the world's biggest conference company, has appointed Joel Publicity to handle
its growing public relations brief in Thailand.
Leading Minds recently organised a successful Bangkok seminar with economics guru Tom Peters.
[The Nation (Thailand)] |
RUSSIA IN FACTS
