Banking
Borrowing under the Thai Khem Kaeng (Strong Thailand) scheme won’t fuel public debt
Deputy Prime Minister Trairong Suwankiri on Friday indicated the government’s planned borrowing of significant funds to support implementation of projects under the Thai Khem Kaeng (Strong Thailand) scheme would not fuel the country’s public debts as some academics criticized.
He said the amount the government planned to borrow would not be as high as Bt800 billion, partly because it earned more tax revenue than forecast.
Mr Trairong said he had monitored various ministries’ plans to disburse the Thai Khem Keng budget and found the amount is not as high as indicated earlier.
via Borrowing under Thai Khem Kaeng won’t fuel public debt, says Deputy PM.
Banking
APAC corporates likely to improve in 2021
Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies.

Ongoing fiscal and monetary support in both advanced and emerging markets will also aid improving conditions, but renewed lockdowns in parts of the world have stalled the nascent global economic recovery and create uncertainty around improving credit conditions.
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Can Fintech drive a strong post-COVID-19 recovery in Asia?
The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.
Banking
BoT sees mild impact of new COVID-19 wave on the economy
The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.
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