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NEWS UPDATES Asean Affairs     20 June  2016  

Tifa Finance pays Rp 7.56 billion in dividends

Multifinance company Tifa Finance is set to distribute Rp 7.56 billion [US$ 563,000] in dividends, or Rp 7 per share. The dividends represent 38 percent of its 2015 net income of Rp 19.55 billion. However, the dividends are smaller than the company’s 2015 payout of Rp 10.79 billion, or Rp 10 per share.

"The dividend information will be submitted to the Financial Service Authority (OJK) first and will be paid in one month," President Director Bernard Thien Ted Nam told after the annual general meeting (AGM) on Friday.

In the first quarter of 2016, the company’s revenue increased by 5.18 percent to Rp 35.24 billion despite currency fluctuations as well as higher allocations for loss. Core company loans in the heavy equipment sector were also hit by weak commodity prices.

“We are trying to provide financing for the logistics sector, and currently it’s working well. There is [also] some investment in infrastructure that started this year," Bernard said.

Previously the company received an Rp 250 billion loan commitment, consisting of Rp 50 billion from Rabobank in April and Rp 150 billion from Bank Mandiri in May. However according to Bernard, the loan has been converted into financing yet.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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