Economy and commerce
Securities and Exchange Act being amended
The Securities and Exchange Commission (SEC) is amending the Securities and Exchange Act to allow SEC officials to become investigating officers in legal cases involving the Securities and Exchange Act and Future Exchange Act, said SEC secretary-general Ruenvadee Suwanmongkol.“Currently, SEC officials have no investigating authority ...
The Nation Reporter
Analysts see growth in NPL management
Debt collection and management of non-performing assets pose lucrative growth opportunities amid the economic retraction, financial analysts say.According to Maybank Kim Eng securities analyst Thanaphat Suksrichavalit, the debt management business will outperform in the second half of 2020.Keep reading ...
Bangkok Post Reporter
NESDC explains economic and social restoration with 1-trillion-baht loan
The National Economic and Social Development Council (NESDC) has explained the undertaking of economic and social rehabilitation under a 1-trillion-baht loan decree.In response to many sides commenting that disbursement of the funds was slow, the NESDC Deputy Secretary-General, Danucha Pichayanan, said today the council serves ...
FTI wants to extend debt programme
The Federation of Thai Industries (FTI) plans to ask the Bank of Thailand to extend the debt moratorium scheme, which will end next month, for another two years.The extension would require businesses to pay 10% of interest payments for six months to alleviate the fear ...
Lamonphet Apisitniran
State continues to push bio-economy
The government is pushing ahead with the bio-economy concept to modernise agriculture with advanced technology in a move to improve the national economy.Bio-economy, which uses renewable resources and turns them into value-added products, is expected to help farmers better deal with unstable crop prices and ...
Lamonphet Apisitniran
GSB launches new loan campaign to strengthen grassroots level
The Government Savings Bank (GSB) has launched a new campaign called “Loans for Strengthening Foundation” under which loans of up to Bt50,000 will be offered to those affected by the Covid-19 outbreak regardless of their employment status.Keep reading ...
The Nation Reporter
Shouldering the burden
With no end in sight to the economic downturn caused by the Covid-19 pandemic, the government aims to put much of its aid effort towards fiscal stimulus to prop up the economy, though there are unfavourable consequences to this move.The newly formed Center for Economic ...
Bangkok Post Reporter
Political conflict, submarines top people's worries: Poll
The biggest causes of worry for the general population are ongoing political conflicts and the planned purchase of two submarines, according to an opinion survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted online on Aug 25-28 on 1,727 people throughout ...
Bangkok Post Reporter
Central bank issues debt relief measure to slash Thais’ interest burden
The Bank of Thailand on Thursday issued a new debt relief measure aimed at reducing Thais’ interest rate burden from 16-25 per cent to 5.5-8.8 per cent.The debt consolidation measure will allow borrowers to bundle their credit card, personal and mortgage loans into one sum, ...
The Nation Reporter
Finance minister: Economic fundamentals still solid amid pandemic
Thailand’s economic fundamentals and fiscal position remain strong in the face of the pandemic-induced recession and the “worst is behind us”, new Finance Minister Predee Daochai said on Wednesday.Southeast Asia’s second-largest economy shrank 12.2% in the second quarter from a year earlier, the sharpest drop ...
