$657 billion debt weighs on new Thai PM as millions struggle to pay house, car loans

Quick Summary:

A debt relief package is expected to be announced in coming weeks.

Dr Thoranin Kongsuk, who oversees the centre, said: “We have seen a rising trend of suicide cases among people who have informal debt problem.

Household debt has soared, in part, due to the populist policies of past governments including those of Thaksin Shinawatra and his sister Yingluck, as well as the military-backed administrations that removed them in coups.

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Article Details

Category: EconomyBusiness

Markets: SingaporeThailand

Topics: Cent Debt Economic Banks Level Bank Suicide People Household Drag Paetongtarn

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 08:04:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1118 words

Reading Time: 7 minutes read

Sentences: 47 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23117690

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