Posts Tagged ‘government’

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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Although Thailand’s gross domestic product (GDP) contracted between 5-6 per cent during the first quarter of 2009, there are positive signs that the economy is heading towards recovery, a senior Bank of Thailand (BoT) official said on Thursday.

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Deputy Prime Minister Suthep Thaugsuban on Saturday flew to Thailand’s Andaman Sea island resort of Phuket to observe preparations for hosting the Association of Southeast Asian Nations (ASEAN) summit with its six dialogue partners next month.

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In a bid to boost the morale of Mexicans who are now living a nightmare following the recent outbreak of swine flu virus, now known as influenza A (H1N1) in the country, Thailand decided Saturday to dispatch 20,000 tablets of the antiviral drug Oseltamivir to treat the deadly virus victims there, Deputy Prime Minister Sanan Kajornprasart said Saturday.

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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 public debt at the end of February stood at 39.93 per cent of gross domestic product (GDP), not far from the statutory ceiling of 50 per cent of GDP as required by law, a senior Ministry of Finance official said on Monday.

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Bank of Thailand (BoT) Deputy Governor Atchana Waiquamdee on Thursday expressed optimism that the government’s decision to reduce the spending budget for Fiscal 2010 to Bt1.7 trillion from Bt1.9 trillion would not affect investment it planned to make as part of efforts to stimulate the country’s economy.

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Deputy Prime Minister Korbsak Sabhavasu on Friday said the more quickly Thailand’s political crisis eases, the sooner the country’s economy will recover.

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Despite economic sluggish and political turmoil in Thailand, most foreign investors are still willing to invest in  this country as they watch the government’s policy and see how it solve problems prevailing in the country first, according to Thai Finance Minister Korn Chatikavanij.

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After noticing a sharp rise in investment by Australian businessmen in Thailand in recent years, Industry Minister Charnchai Chairungrueng will conduct a roadshow in Australia this week as well as opening an investment office in Sydney.

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