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Agencies meet on steps to boost liquidity


State agencies involved in monetary and fiscal policies convened a meeting on Monday (January 20) on new measures to boost liquidity in the Thai economy, chaired by Deputy Prime Minister Somkid Jatusripitak.

Kobsak Pootrakool, deputy secretary-general to the prime minister for political affairs, said Somkid urged the specialised financial institutions to promptly ease loan interest burden for small and medium-sized enterprises (SMEs).

Somkid also instructed the Finance Ministry to accelerate refund of VAT and personal income tax to SMEs to help boost their liquidity.

The meeting discussed guidelines on ensuring the baht's stability and movement in alignment with other currencies in the region.

Meanwhile, the Office of Insurance Commission was asked to consider allowing insurance companies to invest overseas as a means to drive outflow of the Thai currency in a bid to stem the strengthening baht.

The meeting also asked the Bank of Thailand to consider investing its international reserve on higher return assets.

 

Published : January 20, 2020

By : THE NATION