"loan"

In a bid to boost the liquidity of small food businesses suffering from the Covid-19 fallout, five financial institutions are offering loans to operators that have registered with the Department of Business Development.

The Thai Chamber of Commerce (TCC) said it had discussed its “Connect the Dots” plan to revitalise the economy in 99 days with Energy Minister and Deputy PM Supattanapong Punmeechaow and come up with three strategies to boost business.

The Cabinet on Tuesday approved a Finance Ministry proposal to borrow another THB700 billion to tackle the impact of Covid-19. This is in addition to the previous THB1-trillion loan.

The number of people applying for pico finance and pico-plus finance operation licences has been constantly rising, Pornchai Triraveja, spokesman for the Fiscal Policy Office (FPO) said.

The Committee for the Empowerment of Persons with Disabilities has come up with new measures to help the disabled deal with the impact of Covid-19 outbreak, deputy government spokesperson Ratchada Thanadirek said on Wednesday.

The Bank for Agriculture and Agricultural Cooperatives (BAAC) will offer a debt moratorium from six months up to a year to clients who are farmers, cooperatives, village funds or agricultural communities which have had debts with the bank as of April 1, 2021, in a bid to alleviate the financial burden of its clients amid this severe third Covid-19 wave.

The Digital Economy and Society Ministry is investigating mobile loan-shark apps after customers complained that the apps steal users’ data to send them threatening messages via Facebook, Line and SMS.

MANILA, Philippines — The loans and grants secured by the Department of Finance (DOF) to bankroll the war chest against COVID-19 stood at $14.29 billion (about P696 billion) as of mid-March.

The Digital Economy and Society Ministry has warned people against believing or sharing news and Internet posts claiming that the Government Savings Bank (GSB) has launched a new emergency personal loan of Bt10,000 per person, in which applicants must register via their mobile phones and repay at Bt400 per month.

The Government Savings Bank (GSB) announced on its MyMo by GSB Facebook page on Thursday that it has closed the app due to a high volume of applicants until Saturday, January 23.

Non-performing loans (NPL) of small and medium-sized enterprises (SMEs) have risen to Bt229 billion, or 6 per cent of the country’s total loans, due to impact from the Covid-19 pandemic, the Federation of Thai SMEs said.

The Digital Economy and Society Ministry has warned people not to believe or share news or Internet posts claiming the Bank of Agriculture and Agricultural Cooperatives (BAAC) is offering a Bt200,000 loan to people in 108 occupations, including ones that are not related to agriculture.