Phuket entrepreneurs offered loans to kick-start business

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Phuket entrepreneurs offered loans to kick-start business

By The Nation

 

Pakkapong Taweepat

 

Local businesses in Phuket are being offered a financial kick-start as the holiday province prepares to welcome back tourists after months of Covid-19 lockdown.

 

City Hall on Tuesday (June 16) hosted a meet-and-greet between local entrepreneurs and providers of loans and other financial services, in a bid to get businesses back on their feet after the long shutdown.

 

Phuket governor Pakkapong Taweepat said 85 per cent of the province’s GDP came from the services and tourism sectors, which had been battered by the pandemic. The absence of visitors for the past two and half months had left tourism businesses with no revenue and huge debts, he added.

 

Local authorities had therefore liaised with 15 financial institutes to bring support measures for residents and entrepreneurs.

 

Boonchod Kittisitto, president of the Phuket Bank Club, expressed thanks to Phuket City Hall for coordinating the financial meet-and-greet with the club. Entrepreneurs who attended the event were offered help on a case-by-case basis.

 

Source: https://www.nationthailand.com/business/30389733

 

-- © Copyright The Nation Thailand 2020-06-17

 

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[LivinginKata]

And what about 'kick-back' .....

[LivinginKata]

Dup post, 

Edited June 17, 2020 by LivinginKata

[eezergood]

15 hours ago, LivinginKata said:

And what about 'kick-back' .....

and the defaults

 

[xylophone]

4 hours ago, eezergood said:

and the defaults

 

And any 'excessive" interest rates???? Bet your bottom dollar that well connected loan sharks will be sniffing around.