Thai banks offer 2-month debt moratorium for SMEs hit by semi-lockdown

23 Sept 05:32 Key points summarised by AI

Thai banks, in partnership with the Bank of Thailand and banking associations, are providing a two-month debt and interest moratorium for SMEs in semi-lockdown areas for July and August.
This financial relief package is also extended to employees working for the affected small and medium-sized businesses.
The measures are a direct response to the worsening pandemic situation and stricter COVID-19 control measures implemented in 10 provinces, including Bangkok.
Following the moratorium, commercial banks are advised not to demand immediate debt repayment, with debtors encouraged to contact their banks for further relief options.

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

20 Oct 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.