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SME Bank to grant loans to riot affected businesses in Thailand

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The Small and Medium Enterprises Development Bank has prepared 5 billion THB for loans to businesses affected by the recent political unrest and riots.

Deputy Finance Minister Pradit Phataraprasit announced that the SME Bank will help rally and riot affected entrepreneurs via its SME Power for the New Day project by issuing loans up to 1 million THB payable in six years without the need for collateral.

More than 2,000 riot affected business owners from Ratchaprasong, Pratunam, Siam Square, Silom, Center One Mall, and Victory Monument were invited to be briefed on the details of the project on Wednesday at Royal Paragon Hall, Siam Paragon.

via SME Bank to grant loans to riot affected businesses : National News Bureau of Thailand.

Banking

The Importance of E-Wallets for Online Gaming Sites

With e-wallets and cryptocurrency being the most relevant options, banks have been put on the side burner, especially when e-wallets and cryptocurrency allow for fast electronic transfer, that is done instantly.

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e-wallet

Online gambling is an industry that needs to keep up with technological trends, to make sure it stays relevant and convenient within the gambling community.

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Banking

Thai Government to issue Bt50 bln ( $1.57 bln)Savings Bonds to fund COVID-19 Relief Measures

The special savings bonds are available via the “Sasom Bond Mung Kung” e-wallet, abbreviated to “Sor Bor Mor” in Thai on Krungthai Bank’s Pao Tang mobile app, and through four dealer banks. The minimum purchase of these bonds is 1,000 baht, without no maximum. Interest is paid twice a year.

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BANGKOK (NNT) – Thailand’s Public Debt Management Office (PDMO) plans to issue “Ying Aom Ying Dai” (the more you save, the more you earn) government savings bonds, worth 50 billion baht, next month, aiming to use the funds to finance state projects to ease the impacts of the pandemic.

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