Loans
- Covid-19 News
Thai economy won’t need a bailout from the IMF
The Thai economy won’t need a bailout from the International Monetary Fund, although the GDP growth for 2020 may end up being the lowest in the region. The Governor of the Bank of Thailand, Veerathai Santipraphob says the Thai economy is “strong enough”. Speaking at a seminar entitled “Post-Covid Economic Direction”, Veerathai noted that, although Thailand has managed to control…
- Covid-19 News
Hundreds seek Emergency loans from the Government Saving Bank
Parn Phet Market Government Savings Bank branch in Mukdahan (north eastern Thailand) reports that hundreds of people have lined up to seek emergency loans from the government to help those affected by the Covid-19 crisis. The queue was stated to have been so long that it stretched out onto the street. After making their online applications, those applicants were asked…
- Covid-19 News
PM seeks compensation packages for tourism operators
PM Prayut Chan-cha, today posted a picture of himself in a meeting with the Thai Tourism Business Association on his official Facebook page, with the following message… “The other day, I had a meeting with small and medium sized business associations to listen to the situation they are in and asked them to give suggestions to me directly. In addition…
- Covid-19 News
Thai airlines have their hands out for an extra 8.8 billion baht
The Cabinet approved loans totalling 16 billion bath on March 26 for 7 Thai airlines who had endured a negative impact, or a complete collapse, from the Covid-19 pandemic. Yesterday reports out of the aviation industry say that the number of airlines looking for government aid for low-interest loans is now up to 24.15 billion baht. A total of 8…
- Thailand News
Car and house loans surged in 2018
The Bank of Thailand says they’re concerned about the double-digit growth in loans for cars last year. The central bank is now monitoring the trend and will keep track of statistics for the rest of 2019. Their concerns about the Thai mortgage market the year before resulted in new regulations coming into effect this April. Loans for cars were up…
