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Demand for business to continue growing in with Thai Recovery

The demand for business loans is expected to continue growing, linked with the economic recovery after the political unrest has eased, according to the Bank of Thailand (BoT).

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The demand for business loans is expected to continue growing, linked with the economic recovery after the political unrest has eased, according to the Bank of Thailand (BoT).

Still, the central bank said in a report on the loan extended by Thai financial institutions in the second and third quarters that the housing loan demand might drop from the previous quarter since most consumers had already accelerated house ownership transfers in the first half of this year.

Demands for credit card loans and household loans are projected to edge up from the previous quarter upon the improved confidence among consumers.

Financial institutions had begun easing the stringent extension of housing, credit card, and household loans.

It was found that the demand for business loans by large entrepreneurs and small- and medium-size enterprises (SMEs) rose marginally from the previous quarter.

The increased loan demand had concentrated in the production and retail-wholesale sectors. It showed a clear sign of the recovery of local demand, private consumption, and consumer confidence.

via Demand for business loans likely to further increase, says BoT.

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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