Connect with us

Business

BOI partners with two state banks to help SMEs affected by the Covid-19

The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak

Avatar

Published

on

The Board of Investment (BoI) will join hands with two state-backed banks to help entrepreneurs affected by the Covid-19 outbreak, BoI secretary-general Duangjai Asawachintachit has said.

Loading...

“BoI will work with Small and Medium Enterprise Development Bank of Thailand [SME D Bank] and Export-Import Bank of Thailand [Exim Bank] to organise an online seminar “SME Solution for the Covid-19 Crisis” on May 28 to guide and assist entrepreneurs interested in obtaining BoI privileges” she said. “Furthermore, the BoI and the two banks will provide several measures to help those who are affected by Covid-19.”

Some of the highlighted measures are:

Reducing the minimum investment requirement for those who wish to apply for BoI privileges to Bt500,000 (excluding land investment and rotating funds); increasing corporate tax break to 200 per cent of investment value for type A entrepreneurs (those with 3-8 years privileges); allowing the import of second hand machines to be used in the project.

“The BoI is also planning to provide additional benefits to SMEs who are located in special economic zones in 10 border provinces to promote inter-border investment,” she said. “To be eligible for these benefits, the applicants must have total revenue of less than Bt500 million per year and must apply for BoI privileges before 2021.”

Duangjai said over 60 per cent of companies that receive BoI privileges each year are SMEs.

Source : The Nation

Comments

Business

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry

Last year, Thailand removed cannabis and hemp leaves from its list of banned narcotics (seeds and buds remain banned).

Avatar

Published

on

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry over the next five years, but farmers stand to make little from growing the herb, experts say.

Loading...
(more…)

Continue Reading

Business

THAI airways to sell training center building to raise more funding

THAI airways has been hit hard by limited travel due to the COVID-19 pandemic, which comes as they were entered bankruptcy protection and sit on the verge of liquidation.

Avatar

Published

on

THAI airways is selling its Laksi training center building, in the Bangkhen district of Bangkok, its Nok-Air shares, its Bangkok Aviation Fuel Services (BAFS) shares and Boeing 737- 400 engines, after the bankruptcy court gave the go-ahead to do so.

Loading...
(more…)

Continue Reading

Banking

Can the Subscription Economy Save Financial Services?

Going back to the pre-Covid “normal” is not an option for financial services. Fortunately, the rise of the subscription economy points towards frontiers of untapped growth for the sector.

Avatar

Published

on

As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.

Loading...
(more…)

Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,634 other subscribers

Trending