News
BoT starting digital factoring next year
The Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans.Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a ...
Somruedi Banchongduang
Recovery stimulus coming together
The Finance Ministry is gearing up to launch both financial and non-financial measures aimed at revitalising the economy once the pandemic is under control.The stimulus package prioritises job creation in the local economy, said Finance Minister Uttama Savanayana.The measures call for specialised financial institutions including ...
Wichit Chantanusornsiri
“SME Transform” aims to lift standards of Thai startups
The government is keen to raise the standard of Thai startups to a level on par with their Singaporean counterparts. Deputy Prime Minister for Economic Affairs, Somkid Jatusripitak said on Friday that the SME Transform event hosted by the Ministry of Industry brings together small and ...
Thammarat Thadaphrom
