Myanmar Regime Seizes Bank Accounts of Soros Open Society Foundation
Myanmar Regime Seizes Bank Accounts of Soros Open Society Foundation
Myanmar State Counselor Daw Aung San Suu Kyi holds talks with George Soros, founder and chairman of the Open Society Foundation, in New York in September 2016. / Ministry of Information
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By The Irrawaddy 16 March 2021
The military regime has seized control of the bank accounts of billionaire George Soros’ Open Society Foundation (OSF) in Myanmar and announced that it will take legal action against the foundation, which is accused of violating restrictions on the activities of such organizations.
On Monday, military-controlled MRTV announced that the military had issued arrest warrants for 11 staff members of OSF Myanmar, including its head and deputy head, on suspicion of giving financial support to the civil disobedience movement against the military junta.
depa, 8 alliances in âSmart Economy Showcaseâ
published : 15 Mar 2021 at 11:36
Pilot digital technology program promotes Ladphrao-Pathumwan entrepreneurs
The Digital Economy Promotion Agency (depa), together with eight partners, are set to launch “Smart Economy Showcase Project” on 20 March to promote entrepreneurs in Lat Phrao and Pathum Wan districts. The pilot project involves the adoption of 12 digital technologies by selected Thai startups with the aim to enhance business capability. Key elements of the project include On Ground and On Cloud activities and awareness raising for target groups and the public. Over 1,000 business matches and over 30 million baht of business value are expected to be enabled and created.
Local Economy Scheme aims to save jobs among SMEs
published : 26 Jan 2021 at 04:00
The Small and Medium Enterprise Development Bank of Thailand (SME D Bank) is joining state efforts to retain 28,800 jobs in SMEs through a new 9.5-billion-baht soft loan programme initiated by the Industry Ministry.
The money, to be granted under the ministry s Local Economy Loan scheme, is expected to help 5,760 businesses struggling with liquidity.
Industry Minister Suriya Jungrungreangkit said prospective borrowers can start submitting loan requests to SME D Bank from this month until December this year.
The scheme was approved by the cabinet on Jan 19.
Officials want the scheme to help businesses increase their liquidity and cash flow, following the latest struggles resulting from the new round of infections.
The Industry Ministry is preparing to launch a new soft loan programme this week to help small and medium-sized enterprises (SMEs) better cope with the latest wave of the Covid-19 outbreak.
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Thai finance ministry urges Cabinet to okay $6.6B cash injection
Tue, 12 January 2021
Thailand s finance ministry has called on the Cabinet to allow a 200 billion baht ($6.6 billion) cash injection in the economy to support businesses and people who have been affected by the new round of Covid-19 infections.
After a meeting with Prime Minister Prayut Chan-o-cha on January 11, minister Arkhom Termpittayapaisith said: “The government does not need to borrow more money, as we can use what is left of last year’s one trillion baht emergency loan.”
The Cabinet was set to launch a new relief package on January 12 to help businesses and workers who have been hit by the second round of the outbreak.