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Thailand Offers Small Tourist Firms 4.5 Billion Baht Credit Line.

Bangkok Post (Bangkok, Thailand)

| May 14, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Srisamorn Phoosuphanusorn

May 14--Two state agencies plan to offer credit facilities of up to 4.5 billion baht to Sars-affected tourism businesses within this month.

Each small tourism-related business that is facing liquidity problems as a result of the virus outbreak and the war in Iraq will be eligible to draw up to five million baht.

The programme is offered by the Small Industry Credit Guarantee Corporation (SICGC) in conjunction with the Small and Medium Enterprise Development Bank of Thailand (SME Bank).

Taveesak Foongkiatcharoen, executive vice-president of the SICGC, said his organisation was expected to allocate 1.5 ...

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