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Pandemic-hit Thai SMEs win new debt relief from government

Tourism slump and weak consumption continue to squeeze businesses

A DJ plays at an empty shop in Khaosan Road, a famous tourist destination in Bangkok. Financial assistance for SMEs, including deferred loan payments, ended last month.   © Reuters

BANGKOK -- Thailand's business community has finally prodded the government into extending assistance measures for small and midsize enterprises, which are still struggling due to the new coronavirus pandemic, after debt relief by the country's central bank expired in October.

The cabinet of Prime Minister Prayuth Chan-ocha approved on Tuesday the expansion and extension of some loan plans to support SMEs.

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