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Thai Finance Minister says plans debt relief measures, seeks to ease mortgage rules

Channel News Asia LogoChannel News Asia2h ago

Thai Finance Minister says plans debt relief measures, seeks to ease mortgage rules - Channel News Asia

Quick Summary:

BANGKOK : Thailand 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.

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

"This group's debts can be resolved," he said, adding debts overdue longer than a year might be more difficult to tackle.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 12:59:21 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 326 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23360562

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 60 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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  • URL: https://beamstart.com/news/thai-finance-minister-says-plans-17304382375026

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