Wednesday, August 5, 2020
The Thailand cabinet has given the green light regarding a huge stimulus package that is expected to inject up to 400 billion baht (US$12.7 billion) into the economy in order to reduce the impact that the COVID-19 outbreak has wrought and to provide relief for the many vulnerable SMEs...
The real and possible dangers posed by the Wuhan coronavirus, businesses throughout the world has taken a hit; especially the tourism industry. This sting is especially painful for nations whose tourism industry contributes a huge portion to the GDP. Thailand is one such nation. The Thai Tourism and Sports Ministry...
China topped the list of economies looking to invest in Thailand for the first time last year, overtaking Japan as its main source of foreign direct investment thanks to belt and road-linked projects, overspill from the US-China trade war and Thai government incentives. Applications from China – valued at 262...
Thailand’s economy has had an uncertain outlook ever since the trade war between the US and China began. Add to this a delay in state spending and one can begin to see why analysts are concerned. As such, due to the delays in both public and private investments, the Deputy...
Thailand’s government plans to launch a new package of small and medium-sized enterprise (SME) support measures, of which soft loans and Board of Investment (BoI) incentives could be integral parts. The BoI is considering investment privilege for SMEs, while the Bank of Thailand and Government Savings Bank are mulling...
One of Thailand’s house committee plans to urge the Digital Economy Promotion Agency (DEPA), Electronics Transactions Development Agency (ETDA), and the National Innovation Agency (NIA) to grant assistance to local startups; many of which are struggling in the face of foreign competition. The three agencies have their work cut out...
State-owned Thai Credit Guarantee Corporation (TCG) wants to extend 100 billion baht in loan guarantees for small and medium-sized enterprises (SMEs) in 2020, up about 10% from this year. Reaching the targets this year and next year will be a challenge, as Bank of Thailand data shows that financial institutions'...