GSB is among those required to adopt the ceiling SLL. (Photo by Wichan Charoenkiatpakul) The Bank of Thailand is requiring four specialised financial institutions (SFIs) to apply a cap on the single lending limit (SLL) of 15% of capital funds, while two other SFIs have a cap of 25%, effective from Oct 1.Government Savings Bank (GSB), the Bank for Agriculture and Agricultural Cooperatives (BAAC), GH Bank and the Small and Medium Enterprise Development Bank (SME D Bank) are required to adopt the ceiling SLL of 15% of their capital funds, the central bank said in a release. The Export-Import Bank of Thailand (Exim Thailand) and the Secondary Mortgage Corporation (SMC) must limit their lending to a single group of firms at 25%. Commercial banks are restricted to loan extensions to a particular group of companies at 25% of each bank's capital fund. The cabinet approved a change in December 2014 allowing the central bank to regulate SFIs, taking over from the Finance … [Read more...] about BoT requiring SFIs to apply new caps
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By Kevin McGran Sports Reporter Fri., May 3, 2019 Bumped into Nikita Soshnikov over at the Coca-Cola Coliseum on Thursday (as you might have surmised from this story about Egor Korshkov). Sosh looked good. He’s working out on his own, starting to get ready for next year. He figures he’s going back to the KHL – maybe St. Petersburg -- after things didn’t work out for him in the NHL. There was real hype – and hope – for him. He remembers it, and believed it and in himself. He was terrific his first call-up (two goals, three assists in 11 games) at the end of the 2015-16 season. “I had a lot of ice time, I had a lot of confidence,” he said. “It’s all confidence. The coach trusts you. You feel good. You’re going to play. But injuries. You have to find a way to stay healthy.” A concussion and a neck injury cost him playing time in Toronto. He was traded to St. Louis. He suffered a concussion in … [Read more...] about Mailbag: Whatever happened to Nikita Soshnikov?
KUALA LUMPUR: Bursa Malaysia recouped earlier losses to close on a positive note today, ahead of the weekend on bargain-hunting activities mostly in blue chips, as well as lower liners and small caps, despite rising concerns over the global and local economy. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.06 points to 1,637.30 from Thursday’s close of 1,632.24. After opening 0.71 of-a-point lower at 1,631.53, the benchmark index moved between 1,625.56 and 1,637.41 throughout the session. On the broader market, gainers led losers 447 to 395 with 383 counters unchanged, 680 untraded and 18 others suspended. Turnover rose to 2.82 billion shares worth RM2.11 billion from 2.68 billion shares worth RM1.95 billion on Thursday. The gainers included United Plantation which added 40 sen to RM26.60, BLD Plantation advanced 29 sen to RM6.96, Amway rose 21 sen to RM6.17, Nestle increased 20 sen to RM146.50, Thong Guan Industries gained 16 sen to RM2.81 and Ekovest perked up … [Read more...] about Bursa Malaysia ends on positive note ahead of weekend
By Kristine Owram Bloomberg Thu., May 2, 2019 A group of big U.S. banks is leading a cannabis equity offering for the first time and investors aren’t loving the result. CannTrust Holdings Inc. shares tumbled as much as 14 percent in New York Thursday to the lowest since early January. That marks the sixth consecutive day of declines for the pot stock, the longest losing streak since October. Vaughan, Ontario-based CannTrust said Thursday it will price its offering at $5.50 a share. That’s 23 percent below its closing price on April 18, the session before the offering was announced, and 54 percent below its high on Oct. 16. Bank of America Merrill Lynch, Citigroup, Credit Suisse Securities and RBC Capital Markets are the lead book runners for the offering, which will raise $170 million before expenses. This marks the first time a major U.S. bank has led an equity offering in the pot space. Bank of America previously led Tilray Inc.’s $400 million … [Read more...] about First U.S. bank-led pot stock offering flops with investors
PETALING JAYA: Bursa Malaysia Bhd’s net profit for the first quarter ended March 31, 2019 fell 26.5% to RM46.86 million from RM63.78 million a year ago due to a 16.2% drop in operating revenue to RM121.4 million from RM144.8 million a year ago. Revenue for the quarter fell 16% to RM126.53 million from RM150.71 million a year ago while total operating expenses was 1.4% lower at RM62 million compared with RM62.9 million a year ago. Annualised return on equity fell 7ppt to 23% while basic earnings per share was 2.1 sen lower at 5.8 sen. Market capitalisation as at March 31, 2019 stood at RM1.7 trillion, marking an 8.8% year-on-year decline. During the quarter, the securities market saw a 22.6% decline in trading revenue to RM59 million from RM76.3 million a year ago, due to lower average daily trading value (ADV) for securities market’s on-market trades during the quarter. The total non-trading revenue fell 7.6% to RM42.1 million from RM45.6 million a year ago mainly due to … [Read more...] about Bursa Malaysia Q1 net profit down 26.5% on lower operating revenue