1. SME soft loans open for applications: Commercial banks to relay customer list to BoT. On Monday, the Bank of Thailand plans to kick off applications for the 500-billion-baht soft loan scheme for small and medium-sized enterprises (SMEs) affected by the coronavirus, with banks expected to start taking out the loans from the central bank late next week. Bangkok Post
  2. Ministry setting up cash for 2m disabled : The Finance Ministry is seeking a lifeline for the 2 million disabled and underprivileged people who are adversely affected by the coronavirus outbreak, says finance permanent secretary Prasong Poontaneat. Bangkok Post
  3. State help on the radar for 8 airlines: Airlines breathed a sigh of relief yesterday as discussions with the Finance Ministry on 25 billion baht in soft loans yielded positive feedback. Bangkok Post
  4. Cabinet split over trade pact : Deputy Prime Minister and Commerce Minister Jurin Laksanawisit has decided to withdraw a proposal to the cabinet today for Thailand to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a source told the Bangkok Post . Bangkok Post
  5. Aviation agency extends inbound flight ban a month : The Civil Aviation Authority of Thailand (CAAT) yesterday decided to extend the ban on all incoming flights for another month over coronavirus concerns. Bangkok Post
  6. Experts approve of OIC policy : Industry experts recommend auto insurance policyholders exploit the Office of the Insurance Commission’s (OIC) policy to allow insurers to temporarily charge premiums on a pro-rata basis by putting the insurance on hold while working from home to either receive cash back or extend the protection period. Bangkok Post
  7. Chief negotiator insists CPTPP good for the country : Despite mounting dissent from civil groups, the chief trade negotiator insists Thailand is likely to see a boost in economic growth, investment and exports if the country participates in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Bangkok Post
  8. SEPC to throw THAI lifeline : Ministry to guarantee B50bn bailout loan. The financially ailing Thai Airways International is being thrown a lifeline in the form of a bailout loan, finance permanent secretary Prasong Poontaneat said yesterday. Bangkok Post
  9. Chinese tourists still face entry ban : The Centre for Covid-19 Situation Administration (CCSA) has dismissed reports Chinese tourists will be allowed to visit Thailand again next month. Bangkok Post
  10. 9 banks seek central bank MFLF aid: 30 mutual funds granted support. Nine commercial banks have sought liquidity support worth a total of 56 billion baht for their purchases of mutual fund units through the Bank of Thailand’s Mutual Fund Liquidity Facility (MFLF) as of April 24, according to central bank data. Bangkok Post
  1. it would probably be scary to know jusy how many billions all of the mutual funds hold in Thai equity stocks. re: BOT, but off topic, so if you don’t have the info, no problem.. I transferred several months of my Irish pension to SCB. BOT called me to enquire what i was investing it in. rejected my explanation that it was to be invested in SET stocks. They returned the funds to the sending bank, resulting in a loss of 1000 euros due to the Thai baht depreciating in the exchange rate. Is there an Ombusman to file a complaint? its not a lot, but any spare funds we have, we are using to help out the disadvantaged here in NST. tia.

    • ~THB 1 trn in domestic thai equities.

      Nope, the banks and BOT can do what they want as per the own rules and regulations.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.