Thailand plans to set up 3-billion-USD liquidity support fund
Thailand has introduced measures that include a liquidity support fund worth 70-100 billion THB (2.2-3.2 billion USD) to reduce riska in the debt market amid the spread of the COVID-19 outbreak.
Bangkok (VNA) - Thailand has introduced measures that include a liquiditysupport fund worth 70-100 billion THB (2.2-3.2 billion USD) to reduce riska inthe debt market amid the spread of the COVID-19 outbreak.
Earlier,the Bank of Thailand (BoT) offered special credit facilities to shore upliquidity in money market funds or daily fixed income funds through commercialbanks.
Aconsortium led by the Thai Bankers' Association has set up a 70-100 billion THBCorporate Bond Stabilisation Fund (CBSF) for investment in high-quality andnewly-issued bonds by the corporates which cannot fully roll over maturingcorporate bonds.
Centralbank governor Veerathai Santiprabhob told a press conference on March 22 thatcommercial banks could use investment grade bonds as collateral for borrowingmoney from the central bank’s lending facility.
Thesemeasures are expected to provide liquidity and help the normal functioning ofthe financial market and help build investors' confidence, he said./.
The Bank of Thailand (BoT) has further cut its basic interest rate by 25 percentage point to the record low of 0.75 percent in an effort to buffer impact on the economy.
Thailand’s rice packers warn that packaged rice prices are likely to increase further after domestic rice prices rose by 20-30 percent since the start of the year, mostly due to drought and a sharp rise in demand amid of COVID-19 outbreak.
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Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Illustrative image (Photo: VNA) 
