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.
12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)
The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.
Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses
Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.
APAC Banks to Face Portfolio Valuation Losses As Yields Rise
The latest data suggest that Fitch-rated banks in Hong Kong, India, Indonesia, Malaysia and Taiwan have the largest AFS securities portfolios, and display particular sensitivity to changes in yields.
Fitch Ratings-Hong Kong/Singapore-21 March 2021: A rise in yields for long-dated sovereign bonds will result in near-term losses for Asia-Pacific (APAC) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, but the capital impact should be manageable for most rated banks, says Fitch Ratings.
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