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Bank of Thailand eases rules on B500bn soft loans

A model dressed as a Christmas tree and wearing a face shield poses for photos in a shopping mall in Bangkok on Dec 24, 2020. The Bank of Thailand has given small- and medium-sized enterprises a late Christmas present. (AFP photo)

The Bank of Thailand (BoT) has further relaxed rules on its 500-billion-baht soft loan programme aimed at helping smaller firms cope with the impact of the coronavirus pandemic.

Given the prolonged Covid-19 situation domestically and internationally, some small-and medium-sized enterprises (SMEs) still have insufficient income to support their businesses, the BoT said in a statement issued on Monday.

The BoT adjusted its definition of business groups entitled to seek the funding to give SMEs easier access to the programme, which started in April as part of a bigger coronavirus…

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