packing credit in a sentence
Examples
- According to one estimate, the Bt45-billion packing credit facility is helping to finance about Bt200 billion worth of Thailand's annual export bill.
- This facility of Bt113 billion included Bt33 billion packing credit of the Bank of Thailand and $ 500 million from foreign banks.
- "The total Bt1 . 5 trillion in exports requires Bt300 billion to Bt400 billion to finance plus another Bt46 billion in packing credit.
- Teeraparp suggested that the government increase the packing credit ratio for local manufacturers and exporters who increase the local content of their products.
- As of Feb 27, packing credit already extended with commercial banks'contributions amounted to Bt6 . 93 billion, while Bt3 . 98 billion remained.
- Though the interest rate for packing credit was raised from 12 per cent to 13 per cent it is still cheap and makes sense.
- The packing credit, blended between the BOT's subsidised rate and the commercial banks'cost of funds, will then be offered to exporters at a more competitive cost.
- Third, banks should be allowed to provide a higher percentage of packing credit, up from 80 per cent of L / C to 90-95 per cent.
- The Export and Import Bank of Thailand is handling the packing credit, offered at a subsidised interest rate of 5 per cent, on behalf of the BOT.
- However, several bankers believe that the more relaxed packing credit contribution ratio will benefit only large companies such as Charoen Pokaphan group which have good credit ratings.