Showing 1 - 7 of 7
Picofinance firms urged to help clients
Business, Wichit Chantanusornsiri, Published on 03/06/2021
» The Finance Ministry has asked picofinance operators to help alleviate the hardships of their clients struggling with the impact of the pandemic, says Kulaya Tantitemit, director-general of the Fiscal Policy Office (FPO).
GSB to unveil mobile lending in 2021
Business, Wichit Chantanusornsiri, Published on 03/11/2020
» The Government Savings Bank (GSB) expects loan approvals through its mobile banking application and microfinance lending to launch next year.
Picofinance draws interest
Business, Wichit Chantanusornsiri, Published on 02/08/2019
» More than 1,000 applicants have applied for picofinance licences from the Finance Ministry since the process was opened in 2016, with around 600 securing licences.
Amendment allows asset managers to acquire bad debt
Business, Wichit Chantanusornsiri, Published on 20/11/2018
» An amended law governing asset management companies will allow these firms to acquire bad assets for credit cards and personal loans from non-bank financial institutions, says a source at the Finance Ministry who requested anonymity.
Auto refinancing under review
Business, Wichit Chantanusornsiri, Published on 31/08/2018
» The Finance Ministry and the Bank of Thailand are conducting a study to set a framework for issuing licences for auto and motorcycle refinancing aimed at creating fair practices for consumers and encouraging low-income earners to shun loan sharks.
More regulation of non-bank financial sector mulled
Business, Wichit Chantanusornsiri, Published on 27/02/2018
» The Finance Ministry wants to set up an autonomous body to regulate non-bank financial institutions that are not supervised by the central bank to protect consumers, says Pornchai Thiraveja, an adviser to the Fiscal Policy Office (FPO).
Picofinance operators gain momentum
Business, Wichit Chantanusornsiri, Published on 22/02/2018
» The Finance Ministry has already granted picofinance licences to 279 juristic entities in 60 provinces across the country, says Pornchai Thiraveja, an adviser to the Fiscal Policy Office (FPO).