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| | Siam Future : Superstore: Tesco Lotus form credit-card venture with GE Capital |
 | | Retailing giant Tesco Lotus has formed a two-billion-baht partnership with GE Capital to launch a new credit card intended to boost sales through local outlets of the superstore chain. |
 | | It is the first time that Tesco, which is based in Britain, and GE Capital, the financial arm of US giant General Electric, have formed a joint venture. |
 | | Before the agreement with GE Capital, Tesco Lotus introduced 100,000 cards, starting in July last year, to Bangkok residents who have a monthly income of at least 10,000 baht, and provincial residents earning at least 7,000 baht. |
| www.siamfuture.com /ThaiNews/ThNewsTxt.asp?tid=685 (1019 words) |
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