{"id":146067,"date":"2025-05-31T06:07:18","date_gmt":"2025-05-31T06:07:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/146067\/"},"modified":"2025-05-31T06:07:18","modified_gmt":"2025-05-31T06:07:18","slug":"bangkok-post-soft-loans-worth-b30bn-to-help-retain-employment","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/146067\/","title":{"rendered":"Bangkok Post &#8211; Soft loans worth B30bn to help retain employment"},"content":{"rendered":"<p>PUBLISHED : 31 May 2025 at 03:30<\/p>\n<p>                    <a href=\"https:\/\/www.bangkokpost.com\/business\/general\/3038691\/javascript:void(0);\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/icon-text_size.svg.svg+xml\" alt=\"\"\/><\/a><\/p>\n<ul class=\"boxtextsize\">\n<li><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/icon-text_size.svg.svg+xml\" alt=\"\"\/> \u00a0 Small<\/li>\n<li><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/icon-text_size.svg.svg+xml\" alt=\"\"\/> \u00a0 Medium<\/li>\n<li><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/icon-text_size.svg.svg+xml\" alt=\"\"\/> \u00a0 Large<\/li>\n<\/ul>\n<p>                      <img src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/c1_3038691_250531103400.jpg\"  class=\"img-fluid lazyload\" fetchpriority=\"auto\" decoding=\"async\" alt=\"\"\/><\/p>\n<p>The Bank for Agriculture and Agricultural Cooperatives (BAAC) is offering 30 billion baht in soft loans to employers in the social security system to maintain employment.<\/p>\n<p>According to Paisan Hongtong, senior executive vice-president of BAAC, the bank signed a memorandum of understanding (MoU) with the Social Security Office (SSO) to cooperate on &#8220;Employment Promotion Loan Project, Phase 3 [2025\u20132026]&#8221;.<\/p>\n<p>The project supports employers registered with the SSO that have contributed to the Social Security Fund for a minimum of 12 consecutive months and have maintained at least 80% of their insured workforce since establishment.<\/p>\n<p>These employers have access to low-interest funding to invest in business expansion, promote employment, support working capital, increase productivity, and enhance liquidity in a continuous manner.<\/p>\n<p>The total loan facility under the programme is 30 billion baht. The interest rate starts at a maximum of 2.35% per year (fixed for three years) for loans secured with collateral.<\/p>\n<p>Employers can apply for the loans starting in July this year, running until Dec 30, 2026, or until the funds have been fully disbursed.<\/p>\n<p>Employers can apply through participating banks, including the Export-Import Bank of Thailand, Krungthai Bank, Bangkok Bank, UOB and Thai Credit Bank.<\/p>\n<p>According to data from the Fiscal Policy Office, the cumulative unemployment rate as of March this year was 0.9% of the total labour force. The unemployment rate last year tallied 1%.<\/p>\n<p>For employees under Section 33 of the Social Security Act, which are those in the mandatory social security system, the cumulative unemployment rate as of April this year was 1.96% of this labour force, rising from 1.81% last year.<\/p>\n<p>According to the National Economic and Social Development Council, the national labour force in 2024 was 40.4 million people.<\/p>\n<p>As of February 2025, the number of insured workers under Section 33 was 12.1 million.<\/p>\n","protected":false},"excerpt":{"rendered":"PUBLISHED : 31 May 2025 at 03:30 \u00a0 Small \u00a0 Medium \u00a0 Large The Bank for Agriculture and&hellip;\n","protected":false},"author":2,"featured_media":146068,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3092],"tags":[62855,3670,62854,51,474,19774,897,49851,2580,731,16,15],"class_list":{"0":"post-146067","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-jobs","8":"tag-baac","9":"tag-bank","10":"tag-bank-for-agriculture-and-agricultural-cooperatives","11":"tag-business","12":"tag-finance","13":"tag-interest","14":"tag-jobs","15":"tag-loans","16":"tag-social-security","17":"tag-thailand","18":"tag-uk","19":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114600951436433928","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/146067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=146067"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/146067\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/146068"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=146067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=146067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=146067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}