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Small and Medium Enterprise Bank of Thailand (SME) approves loans to 1,960 riot victims

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A total of 1,960 business vendors whose businesses were destroyed in blazes set by anti-government protesters more than a week ago have received combined loans totalling Bt1.29 billion from the Small and Medium Enterprise Development Bank of Thailand (SME Bank).

The loans were granted to vendors under the ‘smePower for a New Better Day’ sponsored by the bank between May 26-29, said Soros Sakornvisava, managing director of SME Bank.

Under a programme to enable entrepreneurs whose businesses were destroyed in the May 19 fires in the wake of the government’s security operation against anti-government protesters to carry on with their businesses, SME Bank has set aside Bt5 billion to assist small vendors. No interest will be charged in the first year, but it will be 3 per cent the following year.

via SME Bank approves loans to 1,960 riot victims; Approval of new foreign firms down in May.

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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