Micro-finance

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 ...

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 Bank of Thailand (BOT) is considering a refinance programme for credit card debtors with credible payment history, assistant governor of communications and corporate relations Chantavarn Sucharitakul said.“BOT has taken note of the problem faced by those credit card debtors’ during its Debt Clinic, and ...

As the Thai Baht soars and the economy lags household debt in Thailand has risen to a record high of 340,000 baht per household. According to a poll on household debt, conducted by University of the Thai Chamber of Commerce.Thanawat Polvichai,  a director at UTCC ...

Thai people have reduced their spending to survive the country’s economic difficulties, a belt-tightening exacerbated by political and social fears, according to the result of a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll.The poll was conducted on 1,174 people throughout the country ...

The ratio of household debt to GDP has risen by 78.8 per cent meaning that Thai citizens have combined debts of Bt13 trillion debts, the second-highest in Asia, according to a recent seminar on the subject of household debt and homeownership organized by the Real ...

Nearly half of Thailand’s citizens aged 18-65 are spending everything they earn on monthly bills and living expenses, leaving them with nothing to put aside as savings. A study carried out by GoBear, an international financial comparison site, reveals that the highest percentage of people ...

In the first quarter of this year, household debt nationwide stood at Bt13 trillion, rising by 6.3 percent and accounting for 78.7 per cent of the total GDP – the highest since the first quarter of 2017, the latest report on Thailand’s Social Situation and ...

Thai workers have shouldered ever-higher household debt in the past 10 years as their incomes have not been adequate to meet their expenses, according to a survey.Thai workers’ household debt averaged Bt91,064 per household in 2010 and jumped 6 per cent per year to Bt158,856 ...

Credit inquiries at the National Credit Bureau (NCB) are expected to hit another record high this year amid mounting anxiety over swelling household debt. The number of credit inquiries for existing borrowers is estimated to reach 60 million this year after 12.6 million were made ...