Connect with us
The clever new way to send money abroad

Banking

SME Bank to grant loans to riot affected businesses in Thailand

Published

on

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.

Click to comment

Leave a Reply

Economics

Thailand’s economic growth expected to return to 2019 levels in mid-2023

Although the economy would recover next year, the recovery is still substantially below potential level resulting in a large output loss and could affect Thailand’s potential economic growth in the future with the economy expected to return to 2019 levels in mid-2023.

Published

on

The Siam Commercial Bank (SCB), one of Thailand’s largest commercial banks, said in its latest economic outlook report that the country’s economy may wait until the second semester of 2023 to return to 2019 growth levels.

(more…)
Continue Reading

Banking

S&P maintains Thailand’s credit rating at BBB+ with stable outlook

Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.

Published

on

Standard and Poor’s (S&P) maintained Thailand’s credit rating at BBB+ . The global rating firm expects the country’s gross domestic product (GDP) to grow at 1.1% this year, with a more optimistic growth at 3.6% per year from 2022 to 2024.

(more…)
Continue Reading

Most Read

Recent