TCG expands soft loan guarantee allocation by B100bn

Thai Credit Guarantee Corporation (TCG) expanded its guarantees yesterday for the Bank of Thailand's soft loan scheme by an additional 100 billion baht after the first allocation of 100 billion was exhausted, says acting general manager Wasukarn Visansawatdi.

TCG is open to requests for the loan guarantee until Oct 9, 2023.

The central bank launched the soft loan scheme worth 250 billion baht to help businesses and individuals survive the impact of the prolonged pandemic.

Mrs Wasukarn said under the scheme, TCG has provided guarantees to micro-businesses, small and medium-sized enterprises (SMEs) and major corporates.

TCG charges micro-SMEs and SMEs a guarantee fee of 1% of the guaranteed loan value for the first four years, lower than the normal rate of 1.75% per year.

The firm charges corporates a guarantee fee of 1% for the first two years, with a maximum loan guarantee of up to 150 million baht.

She said TCG’s loan guarantees enable micro-SMEs and SMEs to access loans of up to 50 million baht.

Under the loan scheme, TCG also provides full compensation to cover the damage to lenders if SME and micro-SME loans become non-performing loans (NPLs). This guarantee encourages banks to provide loans to SMEs.

As part of TCG’s regular practice, if SME loans become NPLs, it will provide compensation worth 80% of the loss to lenders. The compensation increases to 90% in the case of micro-SMEs.

Eligible applicants for TCG’s loan guarantees under this scheme are individuals or juristic persons with businesses registered in Thailand. They must not have NPLs as of Dec 31, 2019 and must not be listed on the Stock Exchange of Thailand, but can be listed on the Market for Alternative Investment.

As of Sept 12, TCG has granted total guarantees of more than 182 billion baht to customers this year.

Internet Explorer Channel Network
News Related

OTHER NEWS

New Zealand Rural Land Company buys six South Island dairy farms for $61.4 million

NZX-listed New Zealand Rural Land Company has bought six dairy farms in Maniototo for $61.4 million. NZRL announced to the market this afternoon that it had entered into a unconditional ... Read more »

Maharashtra reopening: Imagicaa, one of India's biggest theme parks, expects to reach pre-COVID-19 levels by FY23

After a long hiatus, theme parks in Maharashtra will reopen after the state government allowed amusement parks to restart operations from October 22. One of India’s biggest theme parks, Imagicaa, ... Read more »

Five infrastructure mutual funds that delivered 97-118% returns in the last one year

In the massive market rally from March 2020, infrastructure stocks have been major beneficiaries and participants. Naturally, mutual funds that invest exclusively in such stocks have delivered spectacular returns. The ... Read more »

Tesla warns drivers flagged for "improper usage" of dropping full self-driving feature, Elon Musk confirms

File image: Elon Musk Billionaire Elon Musk has confirmed that Tesla will send just one warning to drivers who do not use its advanced driver assist system responsibly before removing ... Read more »

Kazakhstan to hold two world-class conferences to promote multinational peace and collaboration

As the land of peace and solidarity, Kazakhstan is representing members of the global community by holding two of the world’s most distinguished conferences. Eyeing to promote multinational peace and ... Read more »

Coming full circle Bangkok's eco-friendly shopping spots

Bangkok has finally sprung back to life! People are venturing outside, Asoke and Siam are once again centres of headache-inducing traffic jams and dining-out is an option again. But we ... Read more »

Nifty may move in 18,450-18,000 range over short term until cycle turns upside

Representative Image Ashish Kyal, Founder & CEO at Waves Strategy Advisors Nifty tops can be captured by understanding a simple cyclical behaviour and time concept. So far, we have focused ... Read more »

Why mutual funds are making a dash for electric vehicles with new scheme launches

Newer theme-based mutual funds (MFs) have been hitting the stands in recent times. Electric vehicles seem to be the flavor the season, as more Indian auto-makers launch electric vehicles (EV). ... Read more »

LINE brings fashion alive! Dreams of 14 Thai fashion brands come true in LINE FASHION ANNUALE

Take part in the momentous debut of 14 Thai fashion brands in the LINE FASHION ANNUALE Campaign, a ground breaking project by LINE Thailand which gives an opportunity for SME ... Read more »

Ch-ch-changes Is the iPhone 13 a worthy upgrade?

Apple's iPhone 13 line-up was announced last September and was met with eager anticipation from fans and scepticism from its detractors. The tech giant was smooth as usual in its ... Read more »

Dow Thailand announces a 100% acrylic polymer for waterborne pavement markings that offers improved safety, durability, and ease of use

Dow Thailand Group (Dow), has unveiled in Thailand an innovative, non-flammable, non-hazardous water-based traffic paint technology. FASTRACK™ Technology offers affordable, water-based, quick-drying, durable coatings that improve driver safety, especially at ... Read more »

Denied first, paid later: How an insurer made a motorbike's engine capacity the moot point in an accident claim settlement

Consider this: you use your bike to commute regularly and buy a personal accident policy to protect your family’s financial future in case of your death while riding the two-wheeler. ... Read more »

New heights Experience cuisine from the French Alps at Maison Dunand's pop-up

Perhaps the most anticipated restaurant of 2022 is Maison Dunand by chef Arnaud Dunand Sauthier, former chef de cuisine at the Michelin-starred Le Normandie at the Mandarin Oriental Bangkok. Chef ... Read more »

PRCA announces roadmap for Thailand, supporting rise of PR industry influence in business and society

BANGKOK, October 21, 2021 – The Public Relations and Communications Association (PRCA) Asia Pacific today has announced its roadmap for a new chapter of the organization in Thailand. The road ... Read more »

China Evergrande makes payment before deadline, official media says

Troubled property giant China Evergrande made an interest payment to foreign bondholders one day before a deadline that threatened to put the company into default, an official newspaper reported Friday. ... Read more »

ITI Pharma & Healthcare fund NFO review: Should you invest in it?

ITI Pharma and Healthcare Fund (IPHF) is the latest new scheme to be rolled out. This is the sixth mutual fund (MF) focused on the healthcare and pharmaceuticals sector to ... Read more »

11 illegal job seekers, Thai guides caught

Illegal Myanmar migrants found hiding in forest in Muang district, Kanchanaburi province, on Thursday. (Photo: Piyarat Chongcharoen) KANCHANABURI: Eleven Myanmar job seekers were caught entering the country illegally, and two ... Read more »

Gold Prices Today: Yellow metal likely to remain volatile amid rising festival demand

Gold inched higher in the morning trade in the Indian market and was poised for a second weekly gain on October 22, as a softer dollar provided some respite against ... Read more »

Savers given chance to put their money towards government green projects - but experts say returns are 'paltry'

A green government bond will fund plans such as zero-emission buses but its 0.65% annual rate of return falls well short of savings deals available elsewhere and will look even flimsier if interest rates go up. Read more »

Evergrande financial crisis | Struggling Chinese developer makes bond payment: Report

Image: Reuters Evergrande, the troubled Chinese developer whose struggle to avoid a multibillion-dollar debt default has rattled global financial markets wired $83.5 million on October 22 to make an overdue ... Read more »

Median price of 5-room HDB resale flats in Queenstown now $926,000 in record year for market

Resale prices rose 2.9 per cent in July-September from the previous three months. SINGAPORE – HDB resale prices hit a record-high in the third quarter and saw the fastest nine-month ... Read more »

Who should pay the world's climate debt?

New research suggests that developed countries should pay almost double the amount proposed under the Paris Agreement to offset their historical emissions. Read more »

Asian Paints after Q2 earnings: Should you buy, sell, or hold the share?

Despite an impressive growth in revenue, a sharp fall in profits because of higher raw material costs, has kept investors worried about their holdings in Asian Paints. Asian Paints on October 21 ... Read more »

Nissan ex-chair Carlos Ghosn set on restoring reputation

Carlos Ghosn, the former auto industry superstar whose career screeched to a halt with his arrest three years ago, isn’t about to settle into quiet retirement. The former head of ... Read more »

RIL Q2 Preview: Double-digit growth likely in earnings parameters, driven by retail, digital segments

Billionaire Mukesh Ambani-owned Reliance Industries is expected to clock double-digit growth in key earnings parameters for the September quarter on a year-on-year basis, driven by the retail and digital segments. ... Read more »

Curfew to end in 17 tourist provinces Prelude to reopening to vaccinated foreigners on Nov 1

The road outside the Grand Palace in Bangkok has been almost empty of traffic at night since curfew was announced, to control the spread of Covid-19. (Photo: Pornprom Satrabhaya) The ... Read more »

Government to consider PME task force recommendations for workplace fairness

The remarks were made in response to nine proposals put out by a PME task force led by NTUC and SNEF. SINGAPORE – Proposals from the labour movement and employer’s ... Read more »

Buy USDINR; target of : 75.15 : ICICI Direct

ICICI Direct’s currency report on USDINR US dollar rose by 0.24% yesterday amid upbeat economic data from US and surge in US treasury yields. US unemployment claims fell to a ... Read more »

Top cryptocurrency news on October 22: Major developments in Bitcoin, cryptos and regulations

Cryptocurrency (Representative image) [content][quote]Market Buzz[/quote][title]Bitcoin trading above Rs 48 lakh[/title][circularimage][/circularimage][body]Cryptocurrencies traded mostly in the red so far on October 22. The global crypto market cap stood at $2.58 trillion, 1.51 percent down over the last day. ... Read more »

Asia tech shares jump, China property stocks rally as Evergrande makes payment

Cyclical stocks dragged amid worries that central bankers will need to tighten monetary policy into slowing growth. TOKYO (REUTERS) – Tech stocks climbed in Asia on Friday (Oct 22) following ... Read more »

COP26 | If not net-zero, then what?

(Image: Shutterstock) On October 30, world leaders will gather at Glasgow, Scotland for the 26th UN Climate Change Conference of the Parties (COP26). The summit that was postponed last year ... Read more »

Moschip Tech Consolidated September 2021 Net Sales at Rs 38.02 crore, up 59.55% Y-o-Y

Reported Consolidated quarterly numbers for Moschip Technologies are: Net Sales at Rs 38.02 crore in September 2021 up 59.55% from Rs. 23.83 crore in September 2020. Quarterly Net Profit at ... Read more »

Trident Consolidated September 2021 Net Sales at Rs 1,691.59 crore, up 44.09% Y-o-Y

Reported Consolidated quarterly numbers for Trident are: Net Sales at Rs 1,691.59 crore in September 2021 up 44.09% from Rs. 1,173.98 crore in September 2020. Quarterly Net Profit at Rs. ... Read more »

Asian Paints Consolidated September 2021 Net Sales at Rs 7,096.01 crore, up 32.63% Y-o-Y

Reported Consolidated quarterly numbers for Asian Paints are: Net Sales at Rs 7,096.01 crore in September 2021 up 32.63% from Rs. 5,350.23 crore in September 2020. Quarterly Net Profit at ... Read more »

Asian Paints Standalone September 2021 Net Sales at Rs 6,151.85 crore, up 35.9% Y-o-Y

Reported Standalone quarterly numbers for Asian Paints are: Net Sales at Rs 6,151.85 crore in September 2021 up 35.9% from Rs. 4,526.71 crore in September 2020. Quarterly Net Profit at ... Read more »

Trident Standalone September 2021 Net Sales at Rs 1,662.57 crore, up 41.93% Y-o-Y

Reported Standalone quarterly numbers for Trident are: Net Sales at Rs 1,662.57 crore in September 2021 up 41.93% from Rs. 1,171.44 crore in September 2020. Quarterly Net Profit at Rs. ... Read more »

Budget 2021: More than 100 MPs urge Rishi Sunak to cut duty for draught beer

In a letter to Rishi Sunak, a group of Tory backbenchers call on the chancellor to maintain a freeze on alcohol duties when he delivers his budget on Wednesday. And they have also want the chancellor to introduce a cut in duty for draught beer. Read more »

Cryptocurrency Prices Today: Bitcoin down 0.53%, price above Rs 48 lakh on October 22

Bitcoin (Image: Reuters) Cryptocurrencies are mostly in the red on October 22. The global crypto market cap is $2.58 trillion, a 1.51 percent decrease over the last day. The total ... Read more »

Buzzing Stocks: RIL, Zee Entertainment, HDFC Life Insurance and other stocks in news today

Results on October 22: Reliance Industries, HDFC Life Insurance Company, Yes Bank, Apollo Pipes, Bharat Seats, Crompton Greaves Consumer Electricals, Dodla Dairy, Federal Bank, Gland Pharma, Hindustan Zinc, Inox Leisure, ... Read more »

Cartoon dreams: Netflix's Japan anime school targets booming demand

Japan is facing a shortage of skilled animators, in part because most face years toiling in low-paying jobs to learn the ropes. TOKYO: Armed with a set of pencils and ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic