Thailand govt showers more soft loans for troubled tourism sector; 10 new imprted Covid-19 cases on Tuesday (Nov 3)

Thai PM Prayut Chan-O-Cha chairing the Cabinet meeting in the resort city of Phuket on Tuesday.The government will offer more soft loans to support tourism businesses hit by the Covid-19 pandemic, said Finance Minister Arkhom Termpittayapaisith after Tuesday’s Cabinet meeting in Phuket. - The Nation Thailand/ANN

BANGKOK, Nov 3 (The Nation Thailand/ANN): The Cabinet approved raising the ceiling for government soft loans from Bt20 million to Bt100 million. The Government Savings Bank (GSB) will apply annual interest of 0.01 per cent to banks who offer the loans to tourism businesses.

The two-year loans are being offered by commercial banks at annual interest of 2 per cent.

Get 30% off with our ads free Premium Plan

Monthly Plan


Annual Plan


Billed as RM103.60/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Measles warning! Hong Kong travellers warned to be aware of worldwide measles resurgence as three cases recorded in city since January
Standing tall: KL named as city with most skyscrapers in Southeast Asia
Oil rises, markets await OPEC+ decision amid mixed demand drivers
Five arrested in Hong Kong over suspected dog, cat meat found at restaurant operating out of flat
Singapore's air force to add more stealth fighters as it phases out older jets
Japan, Australia shares hit record high on Wall Street bounce
Malaysia urges recalling aspiration to end plastic pollution
Japan mayor quits over 99 sexual harassment allegations
Hadi, PKR's Hassan out of line with remarks about Rulers, says Umno Youth
Cricket-Australia take charge in Wellington after Green's rearguard

Others Also Read