Thailand Government to allow Trees as Collateral for Loans
Bangkok Thailand, August 2, 2020: Owners of 58 economically valuable trees will be able to use them as collateral when applying for loans at financial institutions under a new Thailand Government policy, Government spokesperson Narumon Pinyosinwat said on her Facebook page. “This policy was proposed by the Ministry of Commerce as a measure to help people gain access to financial aid and promote the growing of economically valuable trees in communities,” she said. “The ministry therefore issued a regulation regarding other types of valid collateral that can be used under the Business Collateral Act BE 2558, while the types of economically [...]