- General
- Business
- Moodys's say
- Economy
- Bank and Finance
- Politics
- Energy
- World
- Environment
- Entertainmentt
- Sport
- Agro and Food
- Lifestyle
GSBank, commercial banks to roll out soft loans to prop up SMEs
By k on July 19, 2009
BANGKOK, 18 July 2009 (NNT) – The Finance Ministry is about to roll out soft loans worth 50 billion baht through the Government Savings Bank (GSBank) and other local commercial banks in an effort to help prop up small and medium enterprises (SMEs).
Following his discussion with business sector in Chiang Mai, Finance Minister Korn Chatikavanit revealed most SME entrepreneurs had been deterred to gain an access to loans.
To solve this problem, Mr. Korn has assigned the GSBank to release loans with low interest rates or so-called soft loans, worth 25 billion baht and with an interest rate of 0.1 percent, to the entrepreneurs. He added other loans worth 25 billion baht would be released by local commercial banks.
Mr. Korn said the interest rate and implementation period and more details would be discussed with the banks. He added the ministry would convene a meeting with executives from all state financial institutions in an effort to make it clear on their roles. He said Deputy Prime Minister Korbsak Sabhavasu would also attend the meeting.
Related posts:
- Finance Ministry to issue more bonds in Oct-Nov BANGKOK, 31 August 2009 (NNT) – The Ministry of...
- SCB affirms it is ready to extend loans to the industrial sector BANGKOK, July 29 (TNA) – Siam Commercial Bank (SCB), Thailand’s...
- Banks warned not to apply ‘blacklist’ to loan applications BANGKOK, Oct 20 (TNA) - The Bank of Thailand (BoT)...
- BOT gives nods to local banks to run microfinance BANGKOK, 15 September 2009 (NNT) – The Bank of Thailand...
- SME Bank increases maximum rate of loan for entrepreneurs BANGKOK, 26 July 2009 (NNT) - The Small and Medium...
Related posts brought to you by Yet Another Related Posts Plugin.
Readers Comments
Business News »
Thai stock indexes to fluctuate in narrow range next week
March 14, 2010
BANGKOK, 14 March 2010 (NNT) – Thai stock indexes were expected to swing in a narrow range next week as a result of the domestic political affair, according to the Kasikorn Research center (KResearch). KResearch predicted the movement of Thai stock indexes from 15 to 19 March, reporting that the indexes would slightly [...]
Bank And Finance »
Security, cash reserves of banks well-prepared
March 12, 2010
BANGKOK, 12 March 2010 (NNT) – Commercial Banks have prepared security measures and adequate cash reserves upon the mass demonstration of the anti-government United Front of Democracy Against Dictatorship (UDD).
Kasikorn Bank CEO Banthoon Lamsam stated that cash withdrawal of customers at present was normal, and the bank would not increase the amount of cash reserves [...]
General News »
Red Shirts to move to army unit if Abhisit doesn’t dissolve House
March 14, 2010
BANGKOK, March 14 (TNA) - Unsuccessful so far in pressuring the government of Prime Minister Abhisit Vejjajiva to dissolve Thailand’s Lower House and call fresh elections, the red-clad anti-government United Front for Democracy against Dictatorship (UDD) core leaders on Sunday announced that some protesters will march on the government’s temporary safe house at a key [...]
Economy »
Current economic uptrend as a result of higher employment rate in Q1
March 14, 2010
BANGKOK, 14 March 2010 (NNT) – Thailand sees an economic uptrend due to higher employment rates in the first quarter of this year.
Speaking in his weekly talk show, “Confidence with Thailand with Prime Minister Abhisit”, the Prime Minister stated that the rate of employment during this period was on the rise or higher, compared to [...]
Energy »
More energy needed: more solutions wanted
March 10, 2010
BANGKOK, 10 March 2010 (NNT) - The Ministry of Energy hosts the ‘Fuel Options for Electricity Generation’ seminar to discuss possible energy alternatives for Thailand
Minister of Energy, Dr Wannarat Channukul, presided over the opening ceremony advising public and private sectors to not emphasize development on a certain alternative energy source too much. Disruption of energy [...]
Politics »
Democrat suggests House meeting postponed due to rally
March 14, 2010
BANGKOK, 14 March 2010 (NNT) – The ruling Democrat Party has requested House Speaker Chai Chidchob to postpone the upcoming parliamentary meeting session on 16 March as the situation is still uncalled for.
Speaking at the Democrat Party Headquarters, Deputy Democrat Spokesperson MD Warong Dechakitwikrom said that convening a meeting at this time could provoke the [...]