Loans
- Transport News
Thailand’s used car market expected to keep growing thanks to Covid-19 pandemic
Thailand’s used car market is expected to keep growing thanks to the Covid-19 pandemic. This year alone, it has grown by 20 to 30%, which is an increase from the pre-Covid years that saw an average growth of 10%. Pinyo Tanawatcharaporn, president of the Association of Used Cars, says normally the used car market sees about 1 to 2 million…
- Ask an Agent
Property loans and LGBTQ+ couples in Thailand
In today’s modern world, many companies are accepting the status of LGBTQ+ couples. And, for purchasing property through obtaining a loan, many places worldwide recognise such couples’ unions as legal. According to the LGBT GDP, Wealth & Travel Data 2018 report by LGBT Capital, it is estimated that 6.5% of the world’s LGBTQ+ population reside in Asia. And, in Thailand,…
- Crime News
Social distancing violation busts Pattaya illegal loan scheme
Covid-19 safety violations brought down a Chinese man and 39 Thai employees running an illegal loan operation in Pattaya. The group was arrested for offering money lending services after violating the Chon Buri Disease Control orders and emergency decree restrictions of social distancing and large gatherings. Chon Buri police raided the office building in Nongprue on Pattaya Second Road and…
- Economy News
Thai household debt expected to keep rising- Kasikorn Research
Despite rolling out Covid-19 vaccines, in which could see a faster return to pre-Covid times, Thailand’s household debt is expected to keep rising. Kasikorn Research analysts say it could, in fact, reach 89-91% by the end of the year. In a recent survey, KResearch says 10.8% of respondents could be stuck in a financial crisis. Of those who may be…
- Economy News
Covid-19 could lead to a crisis worse than the 1997 Asian financial crisis
With debt relief measures set to expire this month, Thailand’s financial woes, brought on by the Covid-19 pandemic, might end up being worse that the 1997 Asian financial crisis, known in Thailand as the Tom Yam Kung crisis, according to the Bangkok Commercial Asset Management. The 1997 Asian financial crisis started in Thailand with the financial collapse of the Thai…
- Thailand video news
Thailand News Today | Protesters face arrest | Phuket “in a coma”| September 22
Thailand News Today with Tim Newton. Daily news from around Thailand. Struggling airlines to get reprieve through small loans, extension to fuel tax cut Airlines in Thailand are being offered a financial lifeline, as the Government Savings Bank announces soft loans for carriers left struggling as a result of the current Covid-19 ‘disruption’. The GSB is offering the loans over…
- Economy News
New lease on life for 7 of Thailand’s budget airlines
PM Prayut Chan-o-cha today threw a lifeline to 7 of Thailands’ domestic low-cost airlines, beginning with the injection of 24 billion baht in soft loans for the struggling aviation sector, battered by the Covid-19 pandemic. Representatives of Thai Air Asia, its long haul division Thai Air Asia X, Thai Smile, Thai Lion Air, Thai Viet Jet, Bangkok Airways and Nok…
- Economy News
Banks get tough on loan criteria as economic effects of Covid-19 worsen
The Covid-19 crisis has had a devastating effect on the global economy and, while it may have been successful in suppressing the virus, Thailand is in no way immune to the economic fallout. A report in Nation Thailand today says the country’s banks are now clamping down on their lending, imposing stricter criteria on borrowing. PHOTO: Nation Thailand The Bank…
- 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…
- Covid-19 News
Banks stay open during state of emergency
The good news is you can still get to your money, most branches will stay open (for now) and ATMs will stocked with cash. The Bank of Thailand and other financial institutions say that they will keep as many branches open as possible to ensure businesses can continue to operate during the Covid-19 emergency. BoT, the Thai Bankers’ Association, the…
