![]() Webull is similar to the Robinhood stock market app. You can go into deep and find nice content that is specific to your business.ĭownload the Feedly app from Google Play Store. This app is connected with more than 40 millions of feeds. Using this app, you easily manage all your blogs, publications, YouTube channels, and more from a single place. The app is excellent and offers a clean way to get news from various sources which provides stock market news. Feedlyįeedly stock market app is an RSS reader that allows to follow business and market blog which you want. The app is free to download from Google Play Store.ĭownload the StockTwits app from Google Play Store. It also integrates a Robinhood stock market app's services, which allows users to buy and sell crypto and stocks directly from the app. The app includes a real-time feed to stock prices, earnings statement calendar, cryptocurrency information, and others. As the name despite, it has no connection to social network Twitter. StockTwits is a newer excellent stock market app for Android devices. The app doesn't charge any commission on the transaction. Linking your bank account with your Robinhood account makes buying and selling of stocks simple. Robinhood is an Android app that significantly the right place of purchase and sale of stock. It also gives a facility to protect your information using a password lock.ĭownload the My Stock Portfolio app from Google Play Store. This app syncs your portfolios to other devices and keeps back up of your data to email or Google Drive. Click on its stock symbol to get news about the latest price and other data. The app contains a news section along with articles from sites like Yahoo Finance and other financial publications. It also gives a full-screen chart that allows pinching and zooming to get detailed information. ![]() It provides real-time quotes, detail charts, news, and unlimited portfolios. My Stock Portfolio is a well featured real-time stock market trading app. This app collects information from various sources such as CNBC, Reuters, Bloomberg, Fox Business, Market Watch, Forbes, and many others.ĭownload the MSN Money app from Google Play Store. ![]() The app offers to customize the stock watch list only in few taps. MSN Money has collections of tools, calculators, and information for traders. It has a clean user interface, which allows switching between the stock sections and news easily. MSN Money is a well designed financial app that gives perfect services about the stock market. Its paid version eliminates the ads displaying.ĭownload the app from Google Play Store. The app has a simple user interface, free to download, but contains ads. It gives an economic calendar that helps to stay ahead of a large and important event and earnings reports. You can manage your personal holding portfolio, check the cryptocurrency prices, and receives an immediate alert about price changes by volume or percentage. It includes information about stocks, commodities, bonds, currencies, global indices, futures, and options. It gives real-time data over 100,000 financial institutions across 70 global markets. is a great source of stock market news, information, and stock price. The app provides collections of the stock market and business news all the time.ĭownload the JStock app from Google Play Store. JStock is mostly for beginners or weekend traders. It also offers you to manage your dividends and portfolio. This app gives the data of 10 years of stock charts history, 28 world stock market news, and several other features for the U.S. This app is a combo of both stock market news and a personal portfolio tracker apps. JStock is a big stock market app that provides numerous of information about the stock market. We are providing bunches of apps that can helps you to know and analyze the stock market. Now a day, the cryptocurrency is making its own way into the world of stock market. However, some app performs a combination of both. Some stock market apps give you to manage your portfolio, and some provide news and analysis on market trends. There are only a few mobile apps available for stock market activity. Several industries track and analyze the stock market results. The stock market is a vast market place that produces a lot of information about the current market every day. Next → ← prev Stock market apps for Android
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mini race driving game with simple but demanding controls and strategic elements. Support for moviepacks, downloadable packages that completely change the look of the gameĪrmagetron Advanced is the continuation of Manual Moos', alias, z-man's original game, Armagetron. categories: game, play, arcade, armagetron advanced, control car.Capture The Flag Shooting: Capture the opponents’ flag while shooting and respawn player once they have died.Capture the Flag: Capture the opponents’ flag And respawn players once they have died.Ball: A team match where the object is to score a goal by pushing the ball zone into the goal zone.Tron was an arcade game based on the movie of the same name, release by Disney in 1982. 'A Tron clone in 3D.' This has been the tagline of Armagetron, since, well, a very long time, and is probably the shortest and most accurate description possible. Shooting: A team death match where the object is to try to shoot the other team’s players with death zones. Armagetron Advanced gives you the opportunity to relive the excitement of those death races.Race: Race to the win zone at the end of the map.Sumo: The object is to stay in a zone while trying to force the opponent out.This game can be played with teams or death match style. Team Death Match: Cooperate with teammates. At least 9.3 million has been spent on the Wisconsin state Supreme Court race already, with groups from both sides of the aisle spending similar amounts, according to AdImpact.With this in mind, let’s talk about movement. ![]() Your cycle turns in right angles, typically, and leaves a long wall behind it wherever it goes. Brakes are provided, but they are disabled on many servers. The closer you are to a player’s wall, the faster your cycle will accelerate. The rules are simple: you ride a light cycle (a kind of motorbike that can only turn 90 degrees at a time, leaves a wall behind and cannot be stopped) and have to avoid running into walls while at the same time you have to try to get your opponent to run into them.Īrmagetron Advanced can be played against AI opponents, against other humans over the network, or a mixture of both.Īrmagetron Advanced works on the unique concept that a cycle can only accelerate by riding on another player’s wall. ![]() If you ever wanted to take a try at one of those speed demons features in the movie, this is your chance. It's free, you instantly start playing, the learning curve is quick, and there is infinite room to improve your tactics because there is always someone cleverer than yourself.Armagetron Advanced is a multiplayer game in 3D that attempts to emulate and expand on the lightcycle sequence from the Disney movie from 1982 called “Tron”. I write this review only because of my surprise this game isn't far more popular. Bug 1005845: RACETIMERENABLED crashes server if switched in-round in sty+ct+ap: Wishlist: Fix Released: Bug 1037363: CYCLEDELAY being less than 0.01 causes cycle. Ironically most of the kids who play this game weren't even born when the movie came out in 1982. Windows/Unix/Mac all play on the game grid. At least 9. My only slight complaint is that some are a little discouraging to new players.Īdhering to the overall theme of the movie itself, Tron is played cross platform. It is available for Linux, macOS, Microsoft Windows, AmigaOS 4 and OpenBSD as free and open-source software. Some of the nicest fellow players I've encountered yet online. Armagetron Advanced is a multiplayer snake game in 3D based on the light cycle sequence from the film Tron. ![]() Race: Race to the win zone at the end of the map. That non-violent aspect makes the game light hearted unlike those FPS. Description: SuperTuxKart is a Free 3d kart racing game we want to make the game fun more than we want to. Armagetron Advanced is an open-source multiplayer video game that attempts to emulate and expand on. Double binding, digging, and maze navigating are skills you gain over the hours/weeks/months of immersive playing. players and when a new map starts (races on Armagetron are enough shorts) nobody will be. The project was officially registered June 2, 2004, but had its foundings a month or two earlier than that, amid growing discontentment with several minor, fixable bugs. Contains all information received from the server in a disorganized format.uild and Shoot / Ace of Spades Classic. The physics to the tron light bikes are pretty incredible making for a game where experience gives the edge. Crashes and socket unreacheable in Armagetron Advanced 0.2.7.0. Armagetron Advanced is the continuation of Manual Moos, alias, z-mans original game, Armagetron. Not since Ambosia's Avara have I played such an addictive arcade style game online for the Mac. Its paid plan starts as low as $5/user per month. □ ClickUp pricingĬlickUp offers a Free Forever Plan. Try ClickUp’s Introduction to Whiteboards Template ClickUp limitationsĭon’t worry! At ClickUp, we’re constantly brainstorming ideas to update our platform.Ĭheck out our roadmap to see what’s brewing. The drag-and-drop functionality enhances the user experience by simplifying the creation and editing process-just click and drag away. Plus, Mind Maps in ClickUp are easy to use. Map out the concept by branching it into multiple sub-ideas simply add more branches as you go to let your ideas run wild and free. What makes it one of the best mind-mapping software is that it’s powerful, yet flexible, allowing you to organize information in a hierarchical way to help you visualize and analyze a central concept in great detail. ![]() They’re perfect and useful for brainstorming sessions, outlining complex workflows or topics, organizing your thoughts, connecting tasks together, and so much more. What’s ClickUp’s Mind Maps feature?ĬlickUp’s Mind Maps is a visual collaboration tool that helps individuals and teams create free-form mind maps for any need. Here, take a deeper look into what makes ClickUp Mind Maps and Whiteboards the best mind-mapping tools. Not only can you create custom mind maps, but you can store and connect them to your tasks within ClickUp, keeping all your work organized, accessible, and all in the same place. In fact, ClickUp has not one, but two powerful and functional tools for mind mapping: Mind Maps and Whiteboards. ClickUpĬlickUp is one of the highest-rated productivity tools and mind mapping tools used by productive teams in small and large companies.įrom helping you overcome virtual team challenges to tracking in-house or remote team performance, ClickUp is the ultimate tool for remote project management.īut wait… how will a project management software help me draw a mind map?ĬlickUp offers hundreds of customizable features to help teams across industries improve their workflow and team collaboration. Here’s a closer look at the best mind mapping tools available today: 1. This keeps everyone in the loop about the project
![]() "Just like we transitioned from the horse and buggy to the automobile and from the automobile to the airplane, the digital evolution has progressed from pay phones to high-speed Wi-Fi kiosks to meet the demands of our rapidly changing daily communications needs," he said in a statement shared with NPR. Locate a Herman Miller dealer near you from our global network. Matthew Fraser, commissioner of the Office of Technology and Innovation, described the removal of the last pay phone as bittersweet, noting the "prominent place they've held in the city's physical landscape for decades" but acknowledging that it's time for change. Privacy and acoustic solutions for the workplace. Believe it or not, it’s already been 1 year since we decided to start a blog for this company. Fun place to go for a drink-make a reservation after 3pm for the evening then turn up and enter through the telephone booth. "We're on the right track towards making NYC technologically equitable and we must continue this work to connect more New Yorkers to affordable high speed internet in their homes and schools." PhoneBox Rewind: 1st Anniversary of our blog January 25, 2023. We offer one of the best networks across Canada at a fraction of the price. Written by Jackie Zheng Updated over a week ago. Companion Guide, by Go Love Yourself Cell Phone Sleeping Bag, by Bagby Mindfulness Inspired Adult Coloring Postcards Colored Pencils Off the Grid Connection. ![]() The call is terminated and the line box goes grey and displays its. "In less than a decade we've gone from pay phones on street corners to free Wi-Fi kiosks all over our city," Won said. PhoneBox is a wireless network provider operating in Canada since 2011. What devices work on the Canadian PhoneBox network Cohort Go SIM Card device support. PhoneBOX) to some of the basic concepts and functions within the application. ![]() ![]() Of course, that takes card takes up precious space which might be better used to have a healing potion hotkeyed. If you equip the shadow strike card, for example, then your auto attack will hit two adjacent baddies at once. Your basic attack is an auto-attack that increases in speed when you hold down the mouse button. You’re limited in the number of cards you can have equipped by your mana and how many slots you have (which can be upgraded by the village sage). Not unlike True West or Victor Vran, you have items and abilities, which come in the form of cards. If you think this sounds a bit like Diablo, then you’re right (have a cookie on me) but it diverges in a few key ways.īook of Demons is as cold as ice sometimes Your two main resources in fighting your living-impaired adversaries is your bulbous red ball of health, and your bulging blue ball of mana, which you expend to use spells. ![]() Now they’re all filled with ravenous undead. Even though the aforementioned town appears to be merely a hamlet with a population of four, hundreds of floors of treasure-filled tombs have been constructed beneath the local church. So yeah, our protagonist is a cardboard cut-out, with the personality and backstory to match. Still though, Book of Demons is a lot more promising than it sounds.īook of Demons casts you as a mute hero whose raison d’etre is ridding a fantasy town of an ancient demonic evil that has emerged deep below the Earth. Also, you can only move in four directions… and there’s no combat animations!” I can only imagine the sound you’d hear after this pitch: a cacophony of hysterical laughter, surprised gasps and the thuds of investors fainting onto the floor from the abject shock of such an unconventional idea. I would love to be in the meeting where someone nervously raised their hand and blurted out: “What if we made Diablo, except instead of a gritty grim-dark atmosphere, it’s styled like a children’s pop-up picture book. ![]() She owns a concerning amount of bar ware from art deco Karl Palda decanters to 1800s-era crystal coupes, and she’s happy to wax poetic about all of them. She has been writing about the bar and spirits world for five years, including extensive coverage on glassware. Kate Dingwall is an experienced spirits writer and glassware collector. High quality picks will last years! But you do need to take care of them, washing after use and taking care not to lose them. Try rinsing and wiping them down by hand instead. Most cocktail picks can be cleaned by a dishwasher, but keep in mind the size of the picks-they can very easily fall through the dishwasher and get trapped at the bottom. Cocktail picks can also be used for appetizers or small bites. Yes! Use them for garnishes, or use them to fish cherries or olives out of the bottom of your glass. There are some longer ones designed to sit in Highball glasses or Collins glasses.Ĭan you use it for uses other than cocktail garnishes? ![]() Most cocktail picks are 4 or 5 inches long, appropriate for rocks glasses or cocktail coupes. They can be pricey to replace!įAQs What are the average size/dimensions? And while you can certainly shop within a budget, consider how frequently you may lose a cocktail pick! If you’re entertaining or if you plan to wash these in a dishwasher, a guest may lose one or one may fall through the bottom of the dishwasher. Price will dictate the style and the quality of your glass. ![]() Do you want a home for your Martini olives, or are you looking for a cocktail pick to dig out garnishes from the bottom of a longer glass? Think about what cocktails you drink the most often. Some are short-designed to sit neatly in a Martini glass-while others are longer, big enough to hold a whole host of garnishes and sit in a variety of glasses. Not all cocktail picks are the same size. Product Highlights The Chenille Kraft 369001 Flat Wood Toothpicks is an all-natural alternative that comes in 2,500 per pack. Depending on how dedicated you are to cleaning post-cocktail, choose your cocktail pick accordingly. Chenille Kraft 369001 Flat Wood Toothpicks If you are looking for flat picks, the Chenille Kraft 369001 Flat Wood Toothpicks is the best toothpick wood alternative you can consider. How methodical are you with cleaning your barware? Some cocktail picks need to be run through the dishwasher, while others must be washed by hand after every use. If you’re looking to add a little style to your home bar, Viski Gunmetal Picks ( view at Amazon) give a nod to the golden age of cocktails. You can’t go wrong with this 20 Piece Stainless Steel Cocktail Picks from Amazon ( view at Amazon)-with a variety of different sizes and a durable finish, there’s a pick for any drink you could ever need. Krasna’s vaguely Germanic woods are similar to Quest for Glory I’s Spielburg, the sprawling valley evokes the sweeping scope of Quest for Glory II and III, the Lovecraftian flair of the Eye of Jaagar is right out of Quest for Glory IV, and the port city of Tyr will remind anyone who played Quest for Glory V of Silmaria.īut Quest for Infamy goes farther than merely mimicking its inspiration. The final game clearly evokes Alexander and Mills’ love for Quest for Glory, with vibes reminiscent of each installment in Lori Ann and Corey Cole’s series. Plus, we’re tenacious – that was always our motto, even when working on remakes – ‘JUST FINISH IT.’ It didn’t matter how long, the goal was always to finish.” “We’d work with the rest of the team and often get ideas and such, but in the end, the buck stopped with us. “Shawn and I were the executive producers, directors and writers on the project,” Alexander added. With Steve and myself, we talked about and wrote the game pretty much in its entirety before we approached the rest of the team.” “I say this not to denigrate any of those teams, but when you’ve got a group of a dozen or more talented and creative people all trying to write a game, it’s going to have conflict that results in stagnation. “A lot of those projects failed because they were too ‘team’ driven and didn’t have a single person – or in our case, two people – pushing the vision,” Mills said. (The other two are AGD Interactive’s remake of Quest for Glory II and Crystal Shard’s Heroine’s Quest: The Herald of Ragnarok.) After a successful Kickstarter in 2012 and two years of production, Quest for Infamy was finally released in July 2014, making it one of a select few Quest for Glory-inspired fan projects born in the 2000s that successfully made it from the conceptualization and development phases to finished product. Alexander and Mills designed the majority of the project before recruiting a small crew of artists, animators and musicians, some of whom had worked on Tierra’s games. Once Roehm was established, the Quest for Infamy team still had a game to make. So the first real move we made story-wise was to make Roehm a rogue who’s out for himself, rather than someone who was completely evil.”Īlexander echoed this, stressing that Roehm evolved from full-on villain to an anti-hero in the same vein as Han Solo: “ Someone who is not a goody two shoes hero type, someone who is often on the wrong side of the law…but at heart is not a person of evil intent. If we just allowed the player character to walk into a village and kill all the people, well…you can’t tell much of a story from that point. “One of the first things we realized is that evil and being a ‘bad guy’ are different things,” Mills said in an interview. ![]() Mills and Alexander banded together with like-minded souls to remake Space Quest II and King’s Quest III, but bubbling in the back of their minds was the idea to design a game similar to Quest for Glory from the unique perspective of a “bad guy.” Tierra, which had produced high quality remakes of King’s Quest I and II, attracted fans who believed they could take it upon themselves to design adventures in the same spirit as Sierra’s oldies. Produced by the indie dev group Infamous Quests, Quest for Infamy was spearheaded by Steven Alexander and Shawn Mills, who were regulars in the mid-2000s on the forums of Tierra, a fan game group now known as AGD Interactive. Starring a rascal named Roehm who finds himself stranded in the valley of Krasna after a romantic dalliance goes horribly wrong, Quest for Infamy’s story is a quest involving cultists, a cursed artifact known as the Eye of Jaagar, a corrupt town sheriff and plenty of opportunities for Roehm to save the day while making dirty jokes along the way. Quest for Infamy began life as a Quest for Glory-inspired fan game, and booting it up feels like a trip back to the ‘90s – aside from the fact that this time around, you’re playing as a magnificent bastard rather than a righteous do-gooder trying to be a hero. You can download the Block City Wars game for Android using the active link below. Difficult missions where you have to destroy all enemies.The simulator will appeal to children and adults and will help to have a good time. You can control the game by touch controls. New weapons from airdrops give you an advantage. The player who destroys the opponents health bar for 10 times, wins the game. In this battle you are fighting against your opponent and CPU Players. At the same time, 25 characters controlled by different users can be present on the map. Block City Wars - The battle begins in the Cube City. The project also has its own chat where you can communicate with other people. If an enemy projectile hits it, it will explode and the game will restart.īlock City Wars has a multiplayer mode where real people can take part. ![]() In this case, it must be borne in mind that the machine does not provide the necessary protection. When a door icon appears nearby, you can safely enter. Come to apkmody. To take possession of the desired transport, it is enough just to get close to it. Download Block City Wars MOD APK v7.2.3 (Unlimited Money) and you will have the most entertaining and funniest moments. The player can use a motorcycle, car and even a tank. You can move around the city not only on foot. On the streets, he will meet ordinary residents. Red triangles appear on the map near them. His main mission is to destroy all opponents. The hero enters Block City with an initial supply of weapons and ammunition. The user decides which character to control. All of them are trying to destroy opponents and seize power in the criminal and corrupt city of Block City.Įvents in the game Block City Wars for android take place in a huge modern metropolis. The user will have to immerse themselves in a cruel and unprincipled world, where a confrontation is unfolding between powerful mafia clans, the police and individual criminals. Go to More Info to know all the languages Block City Wars supports. ![]() What language does Block City Wars support Block City Wars supports isiZulu,Vit Nam, and more languages. ![]() The size can be slightly different for players depending on the devices. Note, that the ‘engine serial number’ (or ‘engine ID’) in this case shouldn’t be Chevy and GM truck review. This is then recorded onto Chevrolet’s own engine block registry. The game has a bright and intricate plot that will appeal to all lovers of the genre. Block City Wars takes up 184.4 MB of data on mobile. VEHICLE CONFIGURATIONS AND CARGO BODY TYPE CODES for CRASH DATAIn the case of Chevrolet, its engines have a 7 to 8-digit serial code stamped onto the engine block. Block City Wars is an exciting and dynamic shooter with arcade and simulation elements. ![]() “Players stand in the two outer squares and compete over the middle square, which essentially functions as a net,” says Pochoda. The rectangular playing field (which can be drawn with the game’s included chalk sticks or simply marked out in sand or snow) is divided into three squares. It’s a paddle sport played with an oversize yellow ball that is allowed to bounce, reducing the need for constant volleying. The solution, as our contributing writer Ivy Pochoda explains, is Street Racket. If you didn’t grow up perfecting your tennis serve, it can be hard to get a rally going - and even if you do have a killer backhand, the people you’re picnicking with might not. Number of players: 1-2 players | Difficulty: Easy | Terrain: Concrete, sand, snowĪlthough Kadima is beloved, it’s not for everyone. We began playing when the kids were young, and they continue to enjoy it as teenagers.” Just try not to send it sailing at neighboring beachgoers. “Our family enjoys spirited - and mostly friendly! - competitions. Kate Salop, co-owner of Tisbury Toy Box in Martha’s Vineyard, also recommends Pro Kadima: “It’s a game that we always have tucked into our beach bag,” she says. A scoring system can be added where players or teams get a point for each hit, restarting the game whenever the ball hits the ground. ![]() Gameplay can be as simple as hitting the ball back and forth, making it instructional for kids developing hand-eye coordination. “We sell out every summer.” This lightweight game doesn’t require a net, making it perfect for train trips to the beach, and it can include as many players as you have racquets for. It’s “super easy to put in your beach bag and just go,” says Stacey Fauci, owner of Runnin’ Wild Toys in Carroll Gardens. ![]() Number of players: 2 players | Difficulty: Medium | Terrain: Beach and lawnĪ time-tested beach game that’s basically like playing tennis on the sand, Pro Kadima is a classic for a reason. Maney says you can even “add in a drinking element to keep the game interesting.” Event-planner Justine Broughal says it’s “an intergenerational game that provides low-stress backyard entertainment,” while event-planner Lauren Schaefer simply calls cornhole her “favorite outdoor game” because “it provides a healthy dose of competition and takes no time to set up.” And if you’re playing with adults only, event-planner Jordan A. Each round ends once all bags have been thrown every bag that makes it onto a board earns one point, while any bags that are thrown (or pushed) into the hole earn three points. Played one-on-one or in teams of two, the game requires players or teams to take alternating turns throwing their four bean bags at their opponent’s boards. Plus, the learning curve is practically horizontal. We love this game because it’s as competitive or casual as you want it to be. Number of players: 2 players or teams | Difficulty: Easy | Terrain: LawnĪ simple yet addictive lawn game that anybody can play and enjoy, cornhole is the stuff of happy childhood memories. ![]() Our hands were tied by the legal system." Even if the loans went into litigation, there was still a long delay before we could foreclose. "But there were problems with restructuring the debt. "AMCs were set up to deal with the worst part of the loan portfolio," says Laixuthai. Ploy AMC was liquidated at the end of 2005 because of difficulties recovering the debt. In 1999, Kasikornbank set up Ploy Asset Management Company (AMC), which took control of NPLs from Phatra Thanakit Finance company, formerly a Kasikornbank subsidiary. "We also offer a discounted pay-off option in which the bank writes down loans to a market value," says Kasikornbank's Laixuthai. Some other options include recapitalisation, loan swaps and debt-for-debt exchange. ![]() Strategies for handling NPLs have included the establishment of asset management companies (AMCs). Its NPL level rose to 10.2% at the end of June 2007 from 9.8% at the end of March. In November, Krung Thai Bank said it expected to add another 8 billion baht to its loan-loss provisions in the last six months of 2007 to comply with new accounting standards. "Its hard to believe a billion dollars' worth of non-performing loans wasn't known about." "They aggressively pursued loans without thinking a whole lot about what they were doing," says an analyst at a European bank in Bangkok. The central bank, Bank of Thailand, later singled out Krung Thai Bank for lax lending standards, saying that it had financed several major projects of such dubious quality that the owners would probably not be able to repay the money. The news sent its stock tumbling by more than a third. A total of 12% of Krung Thai Bank's loans, up from 8%, would be considered non-performing. The bank, Thailand's second largest in terms of assets, dropped a bombshell in 2004 when it unveiled that Thailand's central bank had forced it to reclassify more than $1 billion of loans as NPLs – even though they were still being paid. Krung Thai Bank has a legacy of springing unpleasant NPL surprises on investors. "One of the more successful alternatives is to urge our clients to seek strategic partners to turn the company around," says Pongnontakul. Kaival Pongnontakul, head of investor relations at Krung Thai Bank in Bangkok, says the bank has made moves to help struggling debtors, including restructuring and offering haircuts. "A collateral liquidation approach is a strategy we use to resolve bad loans." "Putting outside private equity investors together with some of our borrowers has been a strategy we've used with success to manage our NPL problem," he says. Kasikornbank's Laixuthai says bullet loans do not make up a large part of its NPL portfolio. So the only way to recover the loans is for the banks to bring in investment firms such as ours to see if we can help turn the companies around." The debtors are often too small to go public. "Many banks are constrained by regulations and the lack of a local market, and can't securitise these debts. "We've been invited by several Thai banks to see if we can do anything to help their clients repay restructured loans they took out after the 1997 crisis," says Dean Van Drasek, an executive director at hedge fund Lim Advisors in Hong Kong. Many of these loans were in bullet format – meaning the principal amount is repaid on the final maturity date rather than over the lifetime of the loan or bond – with low interest rates of 2–3%, usually with five- or-10 year maturities, say market participants. Rather than shut the door on beleaguered corporate borrowers in the wake of the Asian financial crisis, many instead extended credit lines and issued soft loans to help them weather the financial storm. The Thai bank's story is typical of many local lenders in the region. ![]() The bank, which had outstanding loans of 704 billion baht at the end of October, expects its full-year results in late January to show lending growth of around 11–13% for 2007, thus meeting its target. Analysts say the Thai economy will grow at 5%, up from 4% last year. ![]() Kasikornbank, formerly Thai Farmers Bank, is aiming for loan growth of 10–15% in 2008, due to a slowly improving economy. Today, bad loans make up less than 5% of our loan portfolio." "Since then, we've had to adopt several approaches to resolve the issue and clean up our balance sheet. "Our problems peaked in 1999, with 43% of our entire loan portfolio deemed non-performing," he says. The press release said the sale was to help the country's fourth largest lender ease management of its non-performing loans (NPLs) and cope with economic and political uncertainties.Īdit Laixuthai, Bangkok-based head of investor relations at the bank, says the sale was the end of a long battle to overcome an overwhelming bad-loan burden. At the end of November, Thailand's Kasikornbank unveiled its sale of 11.8 billion baht ($39.7 million) in bad loans to US investment bank Morgan Stanley and South Africa's Standard Bank. |
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