Business
New protections for 30,000 automated teller machines in Thailand
More than 30,000 automated teller machines in Thailand will be revamped to prevent criminal gangs from stealing bank account information amid a surge in thefts, news reports said Wednesday.
Phol Thanachote, chairman of the Automated Teller Machines’ Business Community, said that special stickers will be affixed to the revamped machines to show they are safe for use, The Nation newspaper reported. The report did not say how the machines were being altered to make them less theft-prone.
30000 ATM need a security upgrade in Thailand
The community, which operates ATMs for banks in Thailand, said it was struggling to keep pace with the new technology used by criminals to copy bank account information from ATM cards.
Business
Thailand Approves Latest Economic Relief Package for Businesses
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time frame.
On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.
Business
Thailand BOI approves Biotech Projects Worth 2.4 Bln Baht ($78 million)
The biotechnology sector is part of the so-called BCG model (Bio, Circular and Green economy) which the Thai government has set as a priority to lead the post-Covid 19 recovery.
The Thailand Board of Investment (BOI) said today it has recently approved new projects in the field of advanced biotechnology, worth a combined 2.4 billion baht (around USD78 million) in investment, reflecting the increased interest of local and foreign investors in the country’s biotech sector.
The Asia-Pacific (APAC) region saw a 3.9% month-on-month growth in deal activity (mergers & acquisitions, private equity and venture financing deals) from 1,126 deals to 1,170 deals in February 2021, according to GlobalData, a leading data and analytics company.
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