New source of funding for smaller firms

PHUKET TOWN: Amnuay Sanguannam, one of Phuket’s three vice-governors, today opened the newest branch of the Industrial Finance Corporation of Thailand (IFCT), at 18/15-16 Mae Luan Rd, Phuket Town. It will serve companies in both Phuket and Phang-Nga. Anothai Techamontrikul, the Bangkok-based president of the IFCT, said the Phuket branch was expected to approve 200 million baht in loans to small and medium-sized enterprises (SMEs) during its first year of operation. The IFCT is 30% owned by government organizations and 70% by the private sector, including major foreign banks. Those wishing to inquire about loans should visit the IFCT’s offices or call 234854-6.