Business

1,400 entrepreneurs victims of Thailand’s turmoil seek government help

An estimated 5,000 protesters, known as the “Red Shirts,” occupied a three square kilometer area of Bangkok’s business district for two months. Their leaders said they were a non-violent democracy movement representing poor and rural people.

Published

11 years ago

May 24, 2010

Akanksha Singh

More than 1,400 entrepreneurs and others who suffered losses totaling Bt2.7 billion in Thailand’s recent political violence registered to receive assistance from the government from May 21-23.

Chaired by PMs Office Minister Sathit Wongnongtoey, the newly-set up committee tasked with helping entrepreneurs and other individuals affected by political violence will meet Monday at Government House.

Bangkok is now recovering from 10 weeks of anti-government demonstrations that shut down much of the city. Picture : Melaine Brou

Former Bangkok governor Apirak Kosayodhin, the committee’s deputy chairman, said the meeting will address assistance measures before submitting them to the Cabinet on Tuesday.From May 24 to 31, people affected can submit their request in seven districts most affected by the protest.

via 1,400 economic victims of political turmoil register for government help.

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.

Published

1 month ago

April 7, 2021

ASEAN Briefing

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.

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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.

Published

1 month ago

April 5, 2021

BOI

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.

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Business

Asia-Pacific sees 3.9% growth in deal activity in February 2021

Published

1 month ago

March 31, 2021

Boris Sullivan

Chair’s Statement on the Informal ASEAN Ministerial Meeting (IAMM)

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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