News
Justice Ministry helps restructure household debts amounting to Bt921.6 million
The Justice Ministry has helped 4,130 people settle debts of Bt921.65 million at the first “Festival for household debt settlement”, held at the Bangkok International Trade & Exhibition Centre on Friday and Saturday.Justice Minister Somsak Thepsuthin said on Monday that the event was a “success”.Somsak ...
The Nation Reporter
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
Household debts of Thais alarm economists
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 ...
The Nation Reporter
Household debts rise, as consumers default on loans: NESDC
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 ...
The Nation Reporter
Low-income households struggle under rapidly mounting debt
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 ...
The Nation Reporter
