Govt brushes off central bank’s call for review of digital wallet scheme

The Bank of Thailand (BoT) has sent an urgent letter to the government advising it to downsize the “digital wallet” scheme by only providing the 10,000 baht benefit to about…

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File photo : PM Srettha Thavisin

Srettha still struggling with funding for digital wallet scheme

Thailand’s ruling coalition continues to juggle with the challenge of arranging funding for the digital wallet scheme that involves cash handouts totaling 500 billion baht.  The government had planned direct…

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BAAC labour union against planned lending to fund “digital wallet”

The labour union of the Bank of Agriculture and Agricultural Cooperatives (BAAC) has voiced opposition to the government’s plan to borrow about 172 billion baht from the bank to fund…

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Financial help rolled out for flood-affected customers of Thailand’s state-run banks

State-run banks have rolled out financial measures to help private individuals and businesses affected the current flooding, according to Pornchai Theeravet, director of the Finance Ministry’s Fiscal Policy Office. The…

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Two more banks to provide registration for Rao Chana scheme

Two more of Thailand’s state-owned banks, the Government Savings Bank (GSB) and the Bank of Agriculture and Agricultural Cooperatives (BAAC), will join the Krung Thai Bank (KTB) in providing registration…

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BAAC offers 1 year debt moratorium to 3.3 million farmers and farmer’s groups

Thailand’s state-run Bank of Agriculture and Agricultural Co-operatives (BAAC) has agreed to grant a one-year debt moratorium to 3.3 million farmers, farmer’s groups, agricultural cooperatives and village funds from April….

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6 billion baht request to Cabinet for sugarcane harvesters to reduce smog

Thailand’s Finance Ministry will seek cabinet approval for 6 billion baht, to be distributed by the state-run Bank of Agriculture and Agricultural Cooperatives (BAAC), for farmer cooperatives and community enterprises…

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BAAC to become first bank to accept trees as loan collateral

The Bank of Agriculture and Agricultural Cooperatives (BAAC) will be the first financial institution in Thailand to accept any of 58 types of trees classified as “prohibited trees” as collateral…

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