The Bank for Agriculture and Agricultural Cooperatives (BAAC) has started offering loans this month to plant cannabis for community enterprises and agricultural cooperatives after parts of the plant were taken off the narcotics list. The bank’s senior executive vice-president Somkiat Kimawaha said the move supports farmers who want to plant cannabis as an alternative to […]Read More
BANGKOK, Aug 28 (TNA) – Prime Minister and Defence Minister Gen.Prayut Chan-ocha pledged to offer 2.4-billion – baht in soft loans to seven airlines by October during a meeting with their executives on Friday. Thai AirAsia, Thai AirAsiaX, THAI Smile Airways, Thai Lion Air, Thai Vietjet, Bangkok Airways and Nok Air sought the government’s help […]Read More
The Supreme Court’s Criminal Division for Holders of Political Office has sentenced fugitive former prime minister Thaksin Shinawatra to three years in prison without suspension after finding him guilty of malfeasance in office for approving a 4-billion-baht low interest loan from the Thai Exim Bank to Myanmar for the purchase of telecom equipment and services […]Read More
Several thousand people nationwide on Sunday scrambled to secure rights to buy new homes under the government’s “One Million House” campaign, a one-day-only loan offer, which saw demand outstrip its credit line by 50 billion baht. The government plans to finance the project with a 41-billion-baht budget. Full story: Bangkok Post BANGKOK POST ONLINE REPORTERSRead More
An Indian man was arrested in Phichit’s Muang district on Thursday morning for overstaying his visa and for allegedly providing loans with interest rates higher than the legal limit. Rakesh Yadav, 21, was arrested by immigration police and officials from other agencies inside a petrol station in Tambon Tha Luang early on Thursday while he […]Read More
A 62-year-old woman in Chai Nat’s Hankha district was found dead with a slashed wrist in what is believed to be a suicide after she had grown worried about the repayment of a bank loan taken out for a friend. Huay Ngu police station was informed on Tuesday morning that Boonchua Sombatcharoen had been found […]Read More
The Legal Execution Department and the Student Loan Fund have stepped in to help a school teacher whose assets are at risk of being confiscated after ุ60 of her students defaulted on their student loans for which she served as guarantor. The Fund manager, Mr Chainarong Katchapanant, told a press conference that the Fund had […]Read More
BANGKOK, 18 September 2015 (NNT) – Thai banks and financial institutions are set to provide low-interest soft loans for SME entrepreneurs with a budget of 100 billion baht. The President and CEO of the Government Savings Bank (GSB) Chatchai Payuhanaveechai has said that 19 banks and financial institutes in Thailand will be providing Soft Loan […]Read More
