Banking
Lazada and Aspire partner to provide online merchants with immediate access to working capital during the COVID-19
In this partnership with Lazada, Aspire is offering working capital loan of up to 20,000 THB within 3 hours of application – a departure from the weeks’ long industry standard timeline normally offered by traditional Banks.
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Banking
Bank of Thailand extends debt repayment and interest reduction measures
As of September this year, the Debt Clinic project has helped some 8,300 card debtors. On average, each debtor has three cards, carrying a debt of about 240,000 baht each.
BANGKOK (NNT) – The Bank of Thailand has extended its debt repayment and interest reduction measures until June next year, to help debtors and alleviate their financial burden.
(more…)Banking
Bank of Thailand: five big challenges in resolving the economic crisis
According to the Bank of Thailand, financial stability of the country is sound while external stability remains strong, with low and manageable levels of public debt, and a flexible labor market.
Mr. Sethaput Suthiwartnarueput, Governor of the Bank of Thailand (BOT) revealed in his first meeting with the press, that the public health crisis brought about by COVID-19 has severely impacted global economic activities, including Thailand.
(more…)Banking
Bank of Thailand to end debt moratorium for SMEs
According to a press release from the Bank of Thailand, the concern is that while most businesses can now continue payments, an extension of the assistance measure could impact the long-term stability of financial institutions.
BANGKOK (NNT) – The Bank of Thailand (BoT) has decided not to extend a general order to suspend debt repayment by SMEs to commercial banks set to end this October 22, instructing the institutions to consider such aid on a case by case basis instead, to protect the sector from long term impact.
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Vend ASEAN（Bangkok）Vending Machine & Self-service Facilities Expo 2020
Vend ASEAN 2020
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Bank of Thailand extends debt repayment and interest reduction measures
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