PM reiterates Thai government’s intention to tackle debt problem

Prime Minister Srettha Thavisin has reiterated the government’s determination to resolve formal and informal debt problems within the 4-year term of his administration. He said that the progress in tackling…

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Government to roll out new measures to tackle Thai indebtedness

The Thai government is expected to announce new measures today to solve the debt problems of Thai people, after it was revealed that, by the end of last year, household…

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Household debt this year expected to increase to 91.4% of GDP

Thailand’s household debt is expected to soar to 16.9 trillion baht, or 91.4% of GDP, by the end of this year, with the value of non-performing loans (NPLs) in the…

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BTSC now owed ฿98Bn from BMA for the Green Line train project

The Bangkok Metropolitan Administration’s (BMA) debt to Bangkok Mass Transit System Company (BTSC), for the engineering and maintenance (E&M) and operating and maintenance (O&M) costs for the first and second…

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Cabinet endorses debt moratorium for BAAC’s farming debtors

The Cabinet has agreed to provide a 12-month debt moratorium, from October 1, to 2.698 million farmers who owe a maximum of Bt300,000 across all their loan contracts with the…

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Thailand given BBB+ credit rating with stable outlook by Fitch

Fitch credit rating agency has affirmed Thailand’s long-germ foreign-currency issuer default rating (IDR) at BBB+, with a stable outlook. Fitch warns, however, that lingering political uncertainty may weigh on Thailand’s…

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Proposal to erase borrowers’ repayment records is fraught with danger

As the general election approaches, rival political parties have unveiled their policy pledges designed to lure voters. Parties usually make promises that could make an immediate impact, without taking into…

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62,000 debtors apply for debt restructuring through Thailand’s central bank

More than 62,000 people have applied to restructure their debts since September 26th, at the Online Debt Restructuring Fair, organised by the Bank of Thailand. Suwannee Jatsadasak, senior director of…

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Thailand’s teachers accumulate combined debts of ฿1.4 trillion

Over 900,000 teachers, or 80% of all teachers in Thailand, owe a combined total of about 1.4 trillion baht, with teacher savings cooperatives being the biggest creditors, accounting for 890…

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BMA ordered to pay to BTS amounts outstanding for Green Line extensions

Thailand’s Central Administrative Court issued a ruling today (Wednesday), ordering the Bangkok Metropolitan Administration (BMA) and its investment arm, Krungthep Thanakom Company, to pay Bangkok Mass Transit System Public Company…

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Major refinancing program proposed to help Student Loan Fund borrowers

About six million former and current students who borrowed from the Student Loan Fund will pay less interest and lower fines for default and will be allowed to extend the…

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Education ministry takes steps to address teacher debt problem

The Ministry of Education has been working with teacher’s savings cooperatives and other officials across the country to resolve hefty debts, totalling about 1.4 trillion baht, incurred by about 900,000…

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