Thai Bits: New Thai COVID-19 Loan Bill, Phuket July 1st Opening No Matter What, Startups in Thailand

New Thai COVID-19 Loan Bill Becomes Law

In response to the third wave of infections, the Royal Gazette reported that the King has approved a bill allowing loans of up to 500 billion baht.
The amount borrowed was less than the 700 billion baht approved earlier this month by the cabinet.
Mass vaccinations will be conducted in Hua Hin ahead of Prachuap Khiri Khan’s reopening to foreign tourists in October 2921.

Opening Phuket on July 1 still planned

On July 1st, 2021, the government plans to open Phuket to vaccinated tourists from countries where COVID-19 is not widespread. Currently, visitors arriving by air or land must provide proof that they have received both doses of the COVID-19 vaccine. They are required to undergo rapid antigen tests, or reverse transcription-polymerase chain reaction (RT- PCR) tests, at their place of origin, and to register on and the MorChana application. If you do not have a vaccination certificate and have not taken a swab test, you will be quarantined for 14 days. If they plan to spend only three days in Phuket, they are required to stay in home quarantine for the three days.

The number of local startups drops but investment rises

From 41 startups in 2019, there were 30 in 2020, but the amount invested jumped to US$364 million (11.4 billion baht) from $109 million in 2019. During the first five months of this year, 13 investment deals worth $24.2 million have been made with local startups, most of which are associated with fintech, education technology, healthcare, and energy and electric vehicles.

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