Cabinet backs debt relief extension
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State-owned firms to help until year-end
published : 30 Jun 2021 at 05:27
1 People follow social distancing while queuing at a Government Savings Bank branch in a shopping mall. (Photo: Varuth Hirunyatheb)
The cabinet on Tuesday approved seven state-owned financial institutions extending debt relief measures for their customers for another six months to help ease the impact of Covid-19, says Finance Minister Arkhom Termpittayapaisith.
He said the existing measures are set to expire in June or July.
These institutions have provided relief measures to 7.56 million individuals and small and medium-sized enterprises (SMEs), totalling 3.46 trillion baht in loans since February 2020. The measures range from the suspension of principal and interest payments to the extension of the debt repayment period.
The Commerce Ministry yesterday kicked off a fresh discount campaign for food prices and deliveries, aiming to help consumers, restaurants and food outlets.
George Soros Foundation s Assets Seized by Myanmar Military Junta neonnettle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from neonnettle.com Daily Mail and Mail on Sunday newspapers.
2 Protesters take part in a demonstration against the military coup in Yangon s Kyimyintdine township on April 1. (AFP photo)
The Commerce Ministry plans to ask state-owned banks to consider granting low-interest loans to help small Thai entrepreneurs in Myanmar that have been forced to temporarily close for almost a month as a confrontation between the military regime and protesters escalates.
Thai manufacturers that use Myanmar as their export base are also desperate after the US said earlier it would consider suspending the Generalized System of Preferences (GSP) programme for Myanmar, making Naypyitaw lose tariff-free access to the US market for certain goods.
Myanmar Regime Seizes Bank Accounts of Soros Open Society Foundation
Myanmar Regime Seizes Bank Accounts of Soros Open Society Foundation
Myanmar State Counselor Daw Aung San Suu Kyi holds talks with George Soros, founder and chairman of the Open Society Foundation, in New York in September 2016. / Ministry of Information
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By The Irrawaddy 16 March 2021
The military regime has seized control of the bank accounts of billionaire George Soros’ Open Society Foundation (OSF) in Myanmar and announced that it will take legal action against the foundation, which is accused of violating restrictions on the activities of such organizations.
On Monday, military-controlled MRTV announced that the military had issued arrest warrants for 11 staff members of OSF Myanmar, including its head and deputy head, on suspicion of giving financial support to the civil disobedience movement against the military junta.