Thailand government to allow the use of trees as collateral for loans


Government spokesperson Narumon Pinyosinwat. - The Nation Thailand/Asian News Network

BANGKOK, July 18 (The Nation Thailand/ANN): Owners of 58 economically valuable trees will be able to use them as collateral when applying for loans at financial institutions under a new policy, Government spokesperson Narumon Pinyosinwat said on her Facebook page.

“This policy was proposed by the Ministry of Commerce as a measure to help people gain access to financial aid and promote the growing of economically valuable trees in communities,” she said.

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