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Thailand's Siam Commercial Bank to launch online travel app | WSAU News/Talk 550 AM · 99.9 FM

Thailand's Siam Commercial Bank to launch online travel app | WSAU News/Talk 550 AM · 99.9 FM
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Thailand to Tighten Curbs as Virus Wave Risks Tourism Plans


Thailand to Tighten Curbs as Virus Wave Risks Tourism Plans
Bloomberg
21 mins ago
Anuchit Nguyen and Suttinee Yuvejwattana
(Bloomberg) Thailand is set to ban sale of alcoholic beverages in restaurants, close schools and amusement parks for two weeks to stem a fresh outbreak of coronavirus, potentially jeopardizing its plans to reopen borders to foreign tourists.
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The closure of bars, pubs, karaoke and massage parlors in areas including Bangkok, the epicenter of the latest outbreak, may be extended nationwide until the end of April, the National Committee on Communicable Diseases decided on Thursday. While Bangkok and 17 other provinces will be designated as maximum controlled areas because of the severity of the outbreak, 59 others will be designated as controlled areas, the panel said. ....

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Thailand Plans 'Pawn Shop' Style Rescue for Hotels Hit by Covid


Thailand Plans ‘Pawn Shop’ Style Rescue for Hotels Hit by Covid
Bloomberg
3/11/2021
Anuchit Nguyen and Suttinee Yuvejwattana
(Bloomberg) Thailand is finalizing a rescue plan for tourism-related businesses near collapse from the pandemic that would improve their access to credit from banks wary of further bad loans.
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The Finance Ministry, Bank of Thailand and commercial banks are working on a plan allowing cash-poor companies to temporarily park their assets with lenders in exchange for credit, and reclaim them within a specified period. The aim is to keep small businesses such as hotel operators from having to liquidate distressed assets at firesale prices or go out of business because of their debts. ....

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Thailand's Kasikornbank to open first branch in Vietnam | Tuoi Tre News


Tuesday, February 09, 2021, 09:36 GMT+7
BANGKOK -  Thailand’s second-largest lender by assets, Kasikornbank Pcl, said on Monday it plans to open a branch in Vietnam’s commercial hub of Ho Chi Minh City in the third quarter of this year to tap into the country’s growth.
“Attention is now focused on Vietnam as a regional investment hub that has attracted the world’s leading companies – including those from Thailand – thanks to its strong economy,” said executive vice president Pattarapong Kanhasuwan, noting its recovery should be helped by the country’s success containing COVID-19.
The move comes as other Thai banks have expanded in Southeast Asia. ....

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