Thai banks agree to reduce lending rates by 0.25% for six months

13 Sept 23:53 Key points summarised by AI

The Thai Bankers Association (TBA) announced a 0.25% reduction in the Minimum Retail Rate (MRR) for six months, following a government request.
This rate cut aims to alleviate the interest burden for financially fragile retail borrowers and SMEs, supporting their recovery and the overall economy.

Thailand secures US$200m World Bank loan for clean energy and low carbon cities

Today 09:24 Key points summarised by AI

Thailand secured a US$200 million loan from the World Bank to significantly invest in clean energy and low-carbon urban development initiatives.
The program aims to drive clean energy funding and low-carbon growth, ensuring a just transition for small and medium-sized enterprises, workers, farmers, and local communities.
Channelled through the Export-Import Bank of Thailand, the loan will fund energy efficiency upgrades in public buildings and industrial areas, including rooftop solar installations and electrical system modernizations, reducing initial capital burdens via Energy Service Companies (ESCOs).