TCG urges central bank to expand loan limits
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published : 9 Jul 2021 at 06:33
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Thai Credit Guarantee Corporation (TCG) is proposing the Bank of Thailand consider expanding the level of loans TCG is guaranteeing for borrowers of the amended soft loan scheme from 100 billion baht as the guaranteed amount is nearing the ceiling.
TCG acting general manager Wasukarn Visansawatdi said the central bank asked TCG to guarantee up to 100 billion baht of the Bank of Thailand s soft loan scheme worth 250 billion, allocated to help businesses and individuals survive the impact of the Covid-19 pandemic.
Mrs Wasukarn said TCG has provided a guarantee of 50 billion baht under the scheme, covering 17,000 borrowers.
4 A pedestrian walks past the entrance to Bang Kapi market in Bangkok which recently reopened after being closed temporarily in June. Pornprom Satrabhaya
A private sector council has cut Thailand s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak.
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country s gross domestic product (GDP) forecast for this year to 0-1.5% in Wednesday s meeting from an earlier estimate of 0.5-2%.
Payong Srivanich, chairman of the Thai Bankers Association (TBA), said the prolonged outbreak and spread of the virulent Delta variant had led to stringent measures by the government to contain the outbreak. The stronger measures have impacted economic activities, employment and labourers income.
Commerce Ministry unveils new loan matching scheme
published : 8 Jul 2021 at 04:00 Commerce Minister Jurin Laksanawisit, centre, attends a press event to promote access to loans to help SMEs and micro SMEs have more liquidity for exports.
The Commerce Ministry yesterday launched a loan matching scheme for export-orientated small and medium-sized enterprises (SMEs) which are facing tight liquidity because of the Covid-19 pandemic.
Speaking after presiding over the launch, Commerce Minister Jurin Laksanawisit said the scheme, in which the Commerce Ministry has teamed up with the Export-Import Bank of Thailand (Exim Bank) and Thai Credit Guarantee Corporation (TCG), will help enable small-scale exporters to access soft loans and increase their income from exports.
Restaurant operators yesterday submitted a petition to the government calling for loan support worth 30 billion baht with a 100% debt guarantee coverage from state-owned Thai Credit Guarantee Corporation (TCG).
The Commerce Ministry yesterday kicked off a fresh discount campaign for food prices and deliveries, aiming to help consumers, restaurants and food outlets.