InfoQuest (May 25, 2020)-Thailand's Finance Minister Uttama Savanayana has appointed the Fiscal Policy Office (FPO) under the Ministry of Finance and the Government Financial Institutions Association to jointly establish the website-- www.เราไม่ทิ้งกัน-ด้านการเงิน.com, with an aim to gather information on assistance and mitigation measures provided by the government financial institutions, so as to facilitate rapid and accurate access to such information for customers, general public and operators affected by the COVID-19 outbreak, according to Mr. Kamonpop Veerapala, senior executive vice president of the Government Housing Bank (GHB), who acts as senior executive president.
Mr. Parinya Patanaphakdee, chairman of the board of directors of the GHB and chairman of the Government Financial Institutions Association, issued an urgent order for the GHB to jointly develop the website with the FPO. The structure design of the website mainly needs to enable quick and convenient search of the financial measures according to the name of each government financial institution. The government financial institutions include the GHB, Krung Thai Bank, Government Saving Bank, Bank for Agriculture and Agricultural Cooperatives (BAAC), Small and Medium Enterprise Development Bank of Thailand (SME Bank), Export–Import Bank of Thailand (EXIM Thailand), Islamic Bank of Thailand, Secondary Mortgage Corporation (SMC), Thai Credit Guarantee Corporation (TCG).
In addition, the information can also be searched according to the target groups which include farmers and small and medium-sized agricultural enterprises, the unprivileged population and the general public, SME operators, importers and exporters, as well as non-banks. It is also broken down by type of assistance, including deferring principal/interest payments, lowering interest rates, extending maturities, or providing additional credit lines.
These measures are designed to reduce the financial burden on the general public and business operators, provide financial support for them to ensure liquidity or funding, and promote recovery of the economy affected by the COVID-19 outbreak. The conditions of the measures will be set by each financial institution and reviewed and approved in the light of the difficulties faced by those affected.
Those who are interested in these measures can find related information on www.เราไม่ทิ้งกัน-ด้านการเงิน.com or www.gfa.or.th, the website of the Government Financial Institutions Association. They can also search the information on the banners of the Fiscal Policy Office of the Ministry of Finance and on the websites of each government financial institution. Customers, citizens or business operators can click the link to enter the websites of the relevant government financial institutions, check the details of the measures and contact the staff. In this way, in addition to convenience, it can also reduce the risk of visiting the financial institutions in person. The channels for searching information on these financial measures will be available from May 25, 2020.
Source: InfoQuest, by Khara / Kasamarporn / Rachada, translated by Xinhua Silk Road
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