Posts Tagged ‘commercial’

Bank of Thailand (BoT) Assistant Governor Sorasith Sunthornkes on Wednesday revealed the central bank had urged commercial banks to lend more to the business sector, particularly small- and medium-size enterprises (SMEs), in support of government policy.

Additionally, the central bank prompted Thailand’s commercial banks to supervise the capital fund and non-performing loans (NPLs) closely, and asked them to restructure debts to ensure that the capital base is not affected.

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The Thai Cabinet on Tuesday approved the Small Business Credit Guarantee Corporation (SBCG)  as guarantor to stand behind loans taken out by small and medium-sized enterprise (SME) operators from commercial banks to pay corporate tax to the Revenue Department, Finance Minister Korn Chatikavanij announced.

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Thailand’s industrial confidence index in March climbed to 69.4 from 63 in February due to an increase in purchase orders and an greater production of products on the eve of the Songkran festival, according to a survey by the Federation of Thai Industries (FTI).

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The Thai Cabinet on Tuesday gave a green light to petitions to assist the country’s ailing tourism industry, which earlier proposed 17 measures for government implementation to help the industry, severely hit by the worldwide economic slump and the extended political turmoil in Thailand.

Significant measures for the tourism industry would be financial, tax and tourism promotion oriented, according to deputy government spokesman Vachara Kannikar.

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