Exim unveils aid for regional firms

The Export-Import Bank of Thailand (Exim Thailand) has rolled out aid measures for small and medium-sized enterprises doing business in Cambodia, Laos, Myanmar and Vietnam (CLMV) to mitigate the financial impact of Covid-19 outbreaks and political chaos in Myanmar.

Rak Vorrakitpokatorn, the bank’s president, said the aid measures include soft loans and a principal repayment suspension for 12 months.

Mr Rak said the bank is also offering a new loan facility for entrepreneurs in CLMV to be used as working capital, up to 20 million baht each, with an interest rate of 3.99% per year and three-year repayment period.

Interested entrepreneurs can apply for the loan until Nov 30 through the bank’s website at www.exim.go.th, or find more information at its branches.

For Thai businesses in Myanmar, he said the bank is allowing entrepreneurs to suspend principal repayments…