Ekniti Launches 6 Urgent Recovery Measures for Southern Border Provinc

Prachachat•Politics•4d ago

Reader Briefing

Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas has introduced six urgent measures to stimulate the economy of five southern border provinces.

•Ekniti Nitithanprapas announced six urgent measures to restore the economy in five southern border provinces.
•Financial support includes soft loans with zero interest for the first 6 months, followed by a government interest-sharing scheme.
•Government Savings Bank will provide long-term loans over 5 years with a fixed interest rate of 1.5% per year for general entrepreneurs.
•Infrastructure and tourism initiatives include dredging ports in Songkhla and Pattani and promoting local food packages.

Overview

•Ekniti Nitithanprapas held an economic workshop with private sector and civil society representatives to identify local obstacles in five southern border provinces.
•Ekniti Nitithanprapas introduced soft loans with zero interest for the first 6 months to provide liquidity for entrepreneurs recovering from floods.
•The Ministry of Finance will implement a scheme where the state helps pay half of the interest following the initial zero-interest period.
•Government Savings Bank will offer long-term loans for 5 years at a fixed interest rate of 1.5% per year to support long-term investment.
•Authorities plan to dredge the waterways of Songkhla and Pattani ports to a depth of 9 to 10 meters to accommodate larger cargo and assist with flood drainage.
•The Prime Minister decided to cancel overtime fees for tourists and integrate immigration systems with customs systems for convenience.
•The Ministry of Interior will adjust urban planning to align with sustainable local investment and development.
•The Board of Investment (BOI) will extend investment promotion for another 3 years, collaborating with educational institutions to promote modern investment in Songkhla.

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Key Entities

Person

Ekniti Nitithanprapas(เอกนิติ นิติทัณฑ์ประภาศ)ℹ️

Deputy Prime Minister and Minister of Finance.

Organization

Ministry of Finance(กระทรวงการคลัง)ℹ️

The ministry overseeing the implementation of soft loans and interest-sharing schemes for recovery.

Government Savings Bank(ธนาคารออมสิน)

The bank providing 5-year long-term loans at a fixed interest rate of 1.5% per year.

Ministry of Interior(กระทรวงมหาดไทย)ℹ️

The ministry responsible for accelerating urban planning adjustments for sustainable development.

Ministry of Tourism and Sports(กระทรวงการท่องเที่ยวและกีฬา)ℹ️

The ministry creating tourism packages to promote local food in five provinces.

Board of Investment(คณะกรรมการส่งเสริมการลงทุน)

The organization (BOI) extending investment promotion for another 3 years in southern border provinces.

Place

Songkhla(สงขลา)ℹ️

A province in the south intended to be a hub for modern investment and regional connection to Penang.

Pattani(ปัตตานี)

A province where port dredging will be conducted to support larger cargo and flood drainage.

Penang(ปีนัง)ℹ️

A region that Songkhla can connect with to bring in modern investment.