webfact Posted November 29, 2020 Share Posted November 29, 2020 Govt mulling property fund to raise loan money for tourism operators By The Nation File photo for reference only The Finance Ministry and state agencies are discussing the possibility of setting up a property fund to support loans for tourism and airline operators to combat the impact of Covid-19, said a Government House source. The discussion concerns the size of the fund and related regulations as well as potential demand from investors, the source added. Business operators may be allowed to use their assets, such as hotels, as collateral to back their loans from the fund, said the source. Thai tourism operators are struggling with the Covid-19 fallout and absence of foreign tourists, with some finding it difficult to access bank loans. To attract investors, the fund should offer a higher interest rate than banks' deposit rate, the source said. Source: https://www.nationthailand.com/business/30398695 -- © Copyright The Nation Thailand 2020-11-30 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
nobodysfriend Posted November 30, 2020 Share Posted November 30, 2020 4 hours ago, webfact said: To attract investors, the fund should offer a higher interest rate than banks' deposit rate, the source said. Well , that is not difficult to offer ... banks deposit interest rates are close to zero anyway ... 4 hours ago, webfact said: Business operators may be allowed to use their assets, such as hotels, as collateral to back their loans from the fund, said the source Comes too late for the Dhara Dhevi Hotel in CM ... 1 Link to comment Share on other sites More sharing options...
KC 71 Posted November 30, 2020 Share Posted November 30, 2020 1 hour ago, nobodysfriend said: Well , that is not difficult to offer ... banks deposit interest rates are close to zero anyway ... Comes too late for the Dhara Dhevi Hotel in CM ... Most hotels will be closing soon if this continues. 1 Link to comment Share on other sites More sharing options...
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