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published : 24 Feb 2021 at 16:14
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The Thai government has introduced many measures in recent years to support a vibrant ecosystem for startups, with an aim to drive innovations and strengthen competitiveness of the overall economy.
The country’s rapidly advancing digital industry has driven the development across the economy from hardware to software, data, system integration, application development, logistics services and the creative economy. The trend also boosts the prospects of Thai startups which thrive on its resilient and agile business models looking to scale up to the global market.
Thailand’s e-commerce, which is currently standing at 3% of the country’s total retail sales, is growing rapidly in light of Thai people’s shift towards online transactions and their strong entrepreneurship. This, along with the Thai government’s proactive actions to accelerate digital transformation in business and public services, e
Finance Ministry mulls details of cash handouts
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Scale of relief limited without lockdown
published : 11 Jan 2021 at 06:44
17 Taxi drivers urge the government to include rider fares in the co-payment scheme. (Photo by Nutthawat Wichieanbut)
Cash handouts to ease the burden from the Covid-19 outbreak remain an option, but details are being deliberated regarding the number of eligible people and assistance level, says a Finance Ministry source.
The ministry is considering at least four approaches to mitigate individuals financial burden, said the source who requested anonymity.
While not disclosing the details of the approaches, the source said the scale of financial relief will be limited as the government has not imposed a nationwide lockdown to manage the latest outbreak.
TRIS Rating affirms the company rating on TSFC Securities PLC (TSFC) at ?BBB? with a ?stable? rating outlook. The rating reflects the company?s moderate business position, strong capital, leverage, and earnings assessment, strong risk position, and manageable funding and liquidity profile.
KEY RATING CONSIDERATIONS
Moderate business position
The company?s business position is supported by its unique role as the only securities finance company (SFC) in Thailand with missions to provide liquidity for securities firms and to act as a supporting arm to help with the development of Thai capital markets.
TSFC?s business stability is determined by the nature of its business, which concentrates on margin lending. Its business volume and revenue tend to move in tandem with the stock market performance and investor demand. For instance, at the end of September 2020 outstanding margin loans stood at THB2.6 billion, a 30% drop from THB3.7 billion at the end of December 2019. This was due to