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

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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: SingaporeThailand

Topics: Pichai Debt Chunhavajira Minister Debts Banks Bangkok Finance Measures Thailand Proposals

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

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

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Copyright Owner: © Channel News Asia

News ID: 23360562

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