Commerce Ministry unveils new loan matching scheme
published : 8 Jul 2021 at 04:00 Commerce Minister Jurin Laksanawisit, centre, attends a press event to promote access to loans to help SMEs and micro SMEs have more liquidity for exports.
The Commerce Ministry yesterday launched a loan matching scheme for export-orientated small and medium-sized enterprises (SMEs) which are facing tight liquidity because of the Covid-19 pandemic.
Speaking after presiding over the launch, Commerce Minister Jurin Laksanawisit said the scheme, in which the Commerce Ministry has teamed up with the Export-Import Bank of Thailand (Exim Bank) and Thai Credit Guarantee Corporation (TCG), will help enable small-scale exporters to access soft loans and increase their income from exports.
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.
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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.