Banks told by central bank to extend debt repayment for SMEs until year end

13 Sept 13:52 Key points summarised by AI

Central bank mandates commercial banks to extend debt repayment for small and medium-sized enterprises (SMEs) until year-end to mitigate COVID-19 impacts.
This targeted extension supports SMEs with debts up to 100 million baht, particularly those struggling to resume normal operations, with banks urged to expedite debt restructuring.
The Bank of Thailand also permitted banks to issue interim dividends up to 50% of first-half net profits, while maintaining restrictions on share buybacks, as part of broader pandemic relief efforts.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.