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The Bank for Agriculture and Agricultural Cooperatives (BAAC) said that as of Thursday, it had provided around Bt10.629 billion to 12,503 Village Funds as part of the government’s stimulus measures.
This phase of the stimulus aims to help farmers and other low-income earners who have been hit by declining commodities prices, drought and the overall slowdown of the domestic economy. The state-owned BAAC will providing around Bt30 billion of the Bt60-billion stimulus budget within this year, and the Government Savings Bank is in charge of providing the other half.

INDEX SEES GROWTH
Index Creative Village, an event-management company, expects to see revenue growth of 10-15 per cent this year to Bt1.7 billion, mainly driven by its creative-solutions business. Co-chief executive officer Kriangkrai Kanjanapokin said yesterday that although the local event industry would grow by only 5 per cent to Bt12.3 billion this year, his company’s revenue was expected to exceed that.