Post by account_disabled on Dec 30, 2023 3:52:39 GMT -6
Department of Business Development discusses financial institutions Government and private agencies Move forward and push “Eucalyptus wood” is used as collateral for business loans from banks. The reason is that it is a fast growing tree. Have a short cutting cycle It is in demand in both the domestic and international markets. The price is stable. It reveals that the private sector that uses the wood is willing to help certify growers in the plot. As for the bank, ready to support it, set a goal for 2020 and see results.
Mr. Poonphong Naiyanaphakorn, Deputy C Level Executive List Director-General of the Department of Business Development, revealed that the Department has discussed ways to promote the use of perennial trees as business collateral. Together with representatives from financial institutions, including the Thai Bankers Association Bangkok Bank, Krungthai, Krungsri Ayudhya, Thai Military, Siam Commercial Bank, Thanachart and representatives from government agencies. The private sector involved includes the Royal Forest Department and the Forest Industry Organization. Fast Growing Timber Business Association Thai Biomass Trade Association, Siam Forestry Company Limited, Eucalyptus Technology Company Limited, and private forestry academics.
To consider guidelines for promoting the use of perennial trees as business collateral. Problems and obstacles in granting credit of each financial institution Including the possibility of using perennial trees as business collateral. The meeting agreed that "eucalyptus wood" would be piloted as business collateral. Because it is a fast-growing perennial plant with a short cutting cycle. It has a cutting period of 3-5 years and is in high demand in both domestic and international wood markets. The trading price is relatively stable. Including a tendency to increase and when cut for use The tree can sprout and grow up to 3 times, saving the cost of finding a variety to plant. But there is still a problem: farmers who plant eucalyptus trees in the first 5 years will not have any income.
Mr. Poonphong Naiyanaphakorn, Deputy C Level Executive List Director-General of the Department of Business Development, revealed that the Department has discussed ways to promote the use of perennial trees as business collateral. Together with representatives from financial institutions, including the Thai Bankers Association Bangkok Bank, Krungthai, Krungsri Ayudhya, Thai Military, Siam Commercial Bank, Thanachart and representatives from government agencies. The private sector involved includes the Royal Forest Department and the Forest Industry Organization. Fast Growing Timber Business Association Thai Biomass Trade Association, Siam Forestry Company Limited, Eucalyptus Technology Company Limited, and private forestry academics.
To consider guidelines for promoting the use of perennial trees as business collateral. Problems and obstacles in granting credit of each financial institution Including the possibility of using perennial trees as business collateral. The meeting agreed that "eucalyptus wood" would be piloted as business collateral. Because it is a fast-growing perennial plant with a short cutting cycle. It has a cutting period of 3-5 years and is in high demand in both domestic and international wood markets. The trading price is relatively stable. Including a tendency to increase and when cut for use The tree can sprout and grow up to 3 times, saving the cost of finding a variety to plant. But there is still a problem: farmers who plant eucalyptus trees in the first 5 years will not have any income.
