Covid-19 pandemic highlights the importance of financial literacy

21 Sept 03:05 Key points summarised by AI

The COVID-19 pandemic severely impacted individuals and micro-SMEs, revealing widespread financial vulnerability and the urgent need for better financial management.
Thai Credit Retail Bank (TCRB) launched its 'Tang To Know-how' program, providing financial literacy training and tools to help micro-SMEs manage finances, reduce stress, and adapt business strategies.
Entrepreneurs who participated in TCRB's program reported improved financial control, better budgeting, and enhanced customer engagement strategies, helping them navigate the economic downturn.
A joint survey by TCRB and UTCC found over 77% of entrepreneurs were unprepared for financial emergencies, underscoring the critical role of financial literacy in business survival and long-term sustainability.
TCRB is committed to empowering micro-SMEs through practical, accessible financial education, aiming to foster a more resilient, self-reliant, and thriving business community in Thailand.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.