Rice loan bids moved to today | Bangkok Post: business

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Rice loan bids moved to today

Ministry sends banks invitation to take part

  • Published: | Viewed: 3,938 | Comments: 3
  • Newspaper section: Business
  • Writer: Wichit Chantanusornsiri & Somruedi Banchongduang
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The Finance Ministry postponed the bridging-loan auction yesterday to borrow from banks to repay unpaid rice farmers until today after submitting a letter of invitation to financial institutions, says a ministry source. 

Government Savings Bank labour union members and staff wear black to show opposition to the state-owned bank making loans to the rice pledging scheme. Apichart Jinakul

Despite the Council of State's opinion that the Finance Ministry can proceed with the 130-billion-baht borrowing plan, banks remain concerned about the legitimacy of the deal.

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