Problems relating to Trade and Investment on Thailand
13. Finance |
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Issue |
Issue details |
Requests |
Reference |
| (1) Short Term Borrowing Rate Control | - The gearing rate (short term borrowing amount/capital amount) of less than "7" is enforced on locally incorporated legal entity in financial management business, MFS (member firm' subsidiary locally incorporated in Thailand). Along with the business expansion, the capital needs grow for MFS, necessitating, however, capital increase to the detriment of its funding efficiency. | - It is requested that department of revenue/BOT: -- repeals funding restrictions to MFS to procure funds internally/externally, feeding funds to group enterprises domestically operating in Thailand -- allows practical implementation, such as funding by consolidated group companies, not singly by MFS alone, in the event repeal of control is unworkable. |
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