TCG crafts bad debt guarantees
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SME support line starting in April
published : 3 Mar 2021 at 09:08
1 TCG staff in discussion with clients. TCG will provide a maximum claim of 40% for institutions that are creditors of SME loans.
State-owned Thai Credit Guarantee Corporation (TCG) is preparing to launch a 20-billion-baht bad debt guarantee programme to assist struggling small and medium-sized enterprises (SMEs) saddled with bad debts.
The bad debt guarantee programme will commence in April for SMEs whose loans have turned into special mention loans, defined as loans overdue by no more than 90 days or three months, said Rak Vorrakitpokatorn, TCG s president and chief executive.
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.
Fetco efforts aim to expand investor base
Plan targets youth, capital fund for SMEs
published : 21 Dec 2020 at 04:30 Mr Paiboon says Thailand s investor base is small in relation to the size of the population.
The Federation of Thai Capital Market Organizations (Fetco) is preparing to propose a capital market development plan to the Finance Ministry encompassing a long-term equity fund for youth to promote savings, a capital fund for small and medium-sized enterprises (SMEs) and a revision of tax incentives for the Super Saving Fund (SSF).
Fetco chairman Paiboon Nalinthrangkurn said the plan would aim to broaden the country s investor base, which is still small in relation to the size of the country s population.
Thailand tourism changed forever
Thailand tourism changed forever
BANGKOK: Last week the Thai government Minister’s speech shows me that tourism will never be allowed to recover to previous levels. The writing is definitely on the wall, windows and front door, that there has been a major policy shift in government thinking by PM Prayut Chan-o-cha’s Cabinet.
Photo: Supplied
In a deeply worrying development for Thailand’s massive Travel & Tourism industry, which last year generated a huge B2.2 trillion of income (US$55.2 billion), and accounted for 20% of GNP and 10% of all jobs in Thailand, the Deputy PM Supattanapong Punmeechaow said that the country relied too much on tourism and that this was “unacceptable”.
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