News
SCB preps with long-term debt rejig
Siam Commercial Bank (SCB) has prepared long-term debt restructuring for customers to help them survive the prolonged Covid-19 pandemic, in line with the central bank’s requirement.SCB expects applicants for debt relief measures in 2022 to have 500 billion baht in debt outstanding, up from the ...
Somruedi Banchongduang
Debt restructuring to be extended
Debt restructuring periods offered to borrowers affected by the pandemic could be extended to more than 10 years, says Thai Bankers’ Association (TBA) chairman Payong Srivanich.The Bank of Thailand, in collaboration with the TBA, recently implemented additional debt assistance measures to provide sustainable aid to ...
Somruedi Banchongduang
BoT adds SME debt rejig options
The Bank of Thailand has added debt restructuring measures for entrepreneurs as the impact deepens from the third wave of the pandemic.The central bank extended the debt moratorium term for small and medium-sized enterprises (SMEs) to December from June 30.The measure is available for SMEs ...
Bangkok Post Reporter
Fund tasked with restructuring farmers' debt
Deputy Prime Minister Jurin Laksanawisit has ordered the Office of the Farmers Rehabilitation and Development Fund to study debt restructuring of 46,000 farmers with a debt of Bt15 billion, deputy spokeswoman Ratchada Thanadirek said after a meeting of the Farmers Rehabilitation and Development Fund Committee ...
The Nation Reporter
