$8 bn loan for Thai businesses

October 25th, 2011 - 11:55 pm ICT by IANS  

Bangkok, Oct 25 (IANS) The Thai government Tuesday approved a 250 billion baht ($8 billion) loan for the country’s business sector, battered by floods, Xinhua reported.

Industry Minister Wannarat Charnnukul said that the proposal was decided in a cabinet meeting. Of the total amount, 210 billion baht ($6.8 billion) will go to small and medium enterprises, he said.

Thousands of people have been affected in Thailand’s worst floods in decades.

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