The maximum drawdown for the Bank of Thailand’s soft loans, set at 20% of each bank’s loans outstanding as of year-end 2019, could be too little for some customers, says a bank executive. For instance, if a customer has borrowed for seven consecutive years, the existing credit line may not be adequate, making 20% of […]
Read MoreThe government is being urged to waive the special business tax for property transactions between cash-strapped developers and new investors to avoid possible non-performing loans (NPLs) as the fallout from Covid-19 hits the economy and property market. Pornnarit Chuanchaisit, president of the Thai Real Estate Association (TREA), says the number of developers with financial liquidity […]
Read MoreThe use of an emergency decree is aimed at crowd control and averting economic losses, says the newly appointed finance minister, but a business group is urging caution over how the measure is carried out. The recently declared state of emergency is a means to handle the protests and prevent losses to businesses, said Finance […]
Read MoreCyberthreats have spiralled up as businesses and individuals increasingly rely on online channels during the pandemic, say leading cybersecurity service providers. Yeo Siang Tiong, general manager for Southeast Asia at Kaspersky, a Russia-based cybersecurity service provider, said its system has detected an average of 429,000 malicious files a day globally after the pandemic took hold, […]
Read MoreTops, Central Food Hall and Family Mart are preparing for the 2020 Vegetarian Festival, where customers are encouraged to eat vegetarian from Oct 16 to 25, with deals and events promoting meatless food. The food retailers are cooperating with the Internal Trade Department of the Commerce Ministry to produce a vegetarian menu for 25 baht, […]
Read MoreThe new 5G-compatible iPhone 12 line could help push up demand in the smartphone market, with the government’s tax rebate “Shop and Payback” scheme anticipated to be a key driver for the segment in the fourth quarter, according to tech pundits. Apple unveiled its iPhone 12 range at a virtual event on Tuesday. They consist […]
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