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Healthcare workers at the Bamrasnaradura Infectious Disease Institute, Ministry of Public Health in Nonthaburi, Thailand.
Credit: Flickr/UN Women
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After months of successful containment, Thailand has set a new daily record for COVID-19 cases, as it strains under a third wave of infections that include the highly contagious B.1.1.7 variant of the virus.
On Monday, the country recorded 985 confirmed cases of COVID-19, a spike comes on the cusp of the Songkran new year holiday, which authorities have banned for a second year due to the pandemic.
Asset warehousing gains ground
published : 22 Feb 2021 at 04:30
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Implementing an asset warehousing concept for the liquidity crunch in the tourism sector makes sense because the industry remains barren, resulting in paltry income.
A hotel worker disinfects day beds at an outdoor pool during the Covid-19 outbreak. Chanat Katanyu
The Bank of Thailand and the Finance Ministry have jointly formulated a plan to help these businesses, centred on the idea that the financial burden of principal and interest repayment can be halted.
This is done by transferring or settling collateral assets with financial institutions, which are the creditors. These assets could be rented by business operators, who make a transfer or settlement of collateral assets, with the option of a buy-back contract once operators have overcome the crisis.