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NEW UPDATES Asean Affairs 16 December 2014  

DATC to get $146m infusion for tackling SOE bad debts

HA NOI (VNS) — Prime Minister Nguyen Tan Dung has agreed to give an additional VND3.1 trillion, or roughly US$146 million, to the Debt and Asset Trading Corporation (DATC) for the 2014-15 period.

According to business news website Gafin, VND2.5 trillion or $117 million of the additional funds for the DATC's charter capital will come from the fund for enterprises arrangement and development, and VND600 billion or $28 million from other sources.

The finance ministry is responsible for arranging the financial resources for the DATC.

Established in 2004 with a charter capital of VND2 trillion ($94 million), funded by the State budget, the DATC was recognised as a special State-run company. It aims to deal with bad debts and unused assets of State-owned groups and corporations to improve their financial condition, promote restructuring and transform them into joint-stock companies.

According to the finance ministry's regulation, the DATC has to use at least 70 per cent of the total investment capital to purchase debts and assets of companies with 100 per cent State-invested capital.

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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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