Finance Ministry plans debt relief measures, seeks to ease mortgage rules

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The Finance Ministry is planning measures to tackle household debt including a suspension of interest and reduced principal payments on some bad debts, the finance minister said on Friday.

An aerial view of residential and commercial buildings in Phuket.

Mr Pichai also said he would discuss an easing of loan-to-value rules with the central bank to support the property sector.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Proposals Debts Debt Household Pichai Ministry Banks Finance Measures Commercial Tackle

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 12:52:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 259 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 23361229

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