Nearly half of Thai consumers plan to avoid using cash after pandemic ends: study

A study on consumer payment attitudes by Visa showed nearly half of all Thai consumers (45 per cent) were likely to avoid using cash after the Covid-19 pandemic ends.The study also delves into which activities Thai consumers are looking forward to spending on when recovery ...

The Nation Reporter

Thai consumers most focused on financial discipline in Asean amid Covid-19: survey

More Thai consumers are prioritising financial health during the Covid-19 pandemic compared with their Asean counterparts, according to the UOB Asean Consumer Sentiment Study 2020.The study found that close to three in four Thai consumers (72 per cent) want to manage their financial health, ahead ...

The Nation Reporter

Thai consumers getting more financially savvy in Covid era, study finds

More Thai consumers are focusing on their financial health during the Covid-19 pandemic compared to their Asean counterparts, the UOB Asean Consumer Sentiment study showed.The study found that three in four Thai consumers (72 per cent) want to manage their financial health, ahead of respondents ...

The Nation Reporter

Debt event offers relief for those hit by Covid-19

The government has rolled out a debt mediation programme for debtors having problems repaying debts in light of Covid-19.Deputy government spokeswoman Traisuree Taisaranakul said Prime Minister Prayut Chan-o-cha has instructed various agencies to help debtors by preventing them from missing repayments and suffering from its ...

Bangkok Post Reporter

Analysts see growth in NPL management

Debt collection and management of non-performing assets pose lucrative growth opportunities amid the economic retraction, financial analysts say.According to Maybank Kim Eng securities analyst Thanaphat Suksrichavalit, the debt management business will outperform in the second half of 2020.Keep reading ...

Bangkok Post Reporter

GSB launches new loan campaign to strengthen grassroots level

The Government Savings Bank (GSB) has launched a new campaign called “Loans for Strengthening Foundation” under which loans of up to Bt50,000 will be offered to those affected by the Covid-19 outbreak regardless of their employment status.Keep reading ...

The Nation Reporter

Household debt risks boiling over

The country’s household bad debt is expected to reach 1 trillion baht this year, putting the ratio to total loans outstanding into double digits as debt-servicing ability erodes amid coronavirus-induced income shocks, says the head of the National Credit Bureau (NCB).Non-performing loans (NPLs) are surging ...

Somruedi Banchongduang

Drop seen in demand for household loans this quarter

Demand for household loan is expected to decline in the first quarter of this year in line with the current economic situation that has affected consumers’ spending, according to a survey on loan tendency by the Bank of Thailand (BOT),The survey was conducted among executives ...

The Nation Reporter

BoT's Debt Clinic expands criteria

The Bank of Thailand has relaxed conditions for its Debt Clinic, a scheme that pools unsecured bad loans owed to multiple creditors, to cover cases that have a single debtor and expanded qualified creditors to specialised financial institutions (SFIs) to step up efforts to keep ...

Somruedi Banchongduang

Household debts slow but remain high

Commenting on the news that S&P Global Ratings had upgraded its outlook on Thailand’s sovereign credit rating to positive from stable for the first time in 9 years, Prime Minister and Minister of Defence Gen Prayut Chan-o-cha said after the Cabinet meeting on Tuesday (December ...

The Nation Reporter

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