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Private sector's supports

Private sector's supports

This daily compilation is aimed at publicising private companies's supports to flood recovery efforts in Thailand. Send information to achara_d@nationgroup.com.


Hitachi Group is providing support at a total value of 30 million yen (approximately US$375,000 or Bt11.4 million) to aid flood victims in Thailand and assist in recovery efforts in the affected regions.

In a statement released today, the global electronics company expressed deep condolences for victims of the flooding and sincerely hopes for the earliest recovery of the people and areas in Thailand affected by the disaster.

Thanachart Bank is putting up a Bt5 billion loan facility to help SMEs, which will be allowed to pay only interest in the first year. It will also offer a 90-day holiday on hire-purchase loan repayments and extends the tenor by 12 months maximum. Principal repayment holiday upto 12 months is offered to mortgage borrowers.

Thailand Futures Exchange presented 10,000 bottles of drinking water to Money Channel, for distribution to flood victims in Ayutthaya.

Siam Kubota Co Ltd on Oct 13 presented 100 diesel-fuelled engines and 150 petro-driven engines worth a total of Bt5.5 million to PM’s Office, to pump water out of flooded areas.

Krungsri Group is providing relief measures to clients, which include principal and interest holidays and loan tenor extension.

For large and medium-sized customers with direct impact, Bank of Ayudhya and affiliates will offer up to six-month moratorium on principal payment. Lower interest rates are available on a case by case basis.

For retail customers, the group will offer a combination of principal moratorium and interest rate cut or waiver.

ING Life Ltd will extend insurance premium payment deadline from 31 days to 91 days to affected customers and policy renewal fee will be waived if the policy is renewed within 6 months. The company has also provided boats and other necessary items to the Ayutthaya Red Cross, which will distribute them to flood victims in the affected areas.
...........
Ref: The Nation
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