• An executive decree to borrow THB 1 trillion to boost the economy
o THB 600 billion to ease people’s plight for 6 months, to help farmers, and support public health services
o THB 400 billion plan to strengthen the community economy, and boost local infrastructure development
• An executive decree to authorise the Bank of Thailand (BOT) to issue soft loans to help businesses
o THB 500 billion of loans at a 2% interest rate to SMEs
o A 6-month debt moratorium on principal and interest for SMEs, for loans not exceeding THB 100 million
• An executive decree to set up a THB 400 billion corporate bond liquidity stabilisation fund to backstop the corporate bond market
• Enact legislation to transfer budgets worth THB 80-100 billion from ministries to finance measures to handle the COVID-19 outbreak
Source:
For Businesses
Phase 2:
Phase 1:
For Individuals
Phase 2:
Phase 1:
Source:
Source: BOT Joint Statement with the MOF and SEC
Source: BOT Press Release
We anticipate there will be following measures if the impact continues and will add to this as more information becomes available.
The current situation continues to evolve and businesses will need to remain agile and alert. A good starting point on creating a response to COVID-19 is the World Health Organisation’s technical guidance and the Department of Disease Control which has released the risk assessment on how to mitigate the spread of COVID-19.
The questions in this checklist are designed to help businesses develop their response plan for COVID-19. This type of planning is critical and often doesn’t feel urgent until it is. If don’t have one already, this checklist can help you start to build a disaster response plan for your organisation to use now and in the future.
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