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Thai backhoe and truck owners seek debt moratorium from Finance Ministry

Thai backhoe and truck owners seek debt moratorium from Finance Ministry

13 Sept 11:48 Key points summarised by AI
  • Thai six-wheel truck and backhoe owners are petitioning the Finance Ministry to negotiate with banks for a debt and interest payment freeze, citing severe revenue loss due to the COVID-19 pandemic.
  • Over 10,000 operators face months without income, incurring approximately 60,000 baht in monthly expenses, and existing bank moratoria continue to charge interest on frozen installments.
  • The Vice Minister for Finance received their petition, promising to escalate their financial challenges to the finance minister and cabinet for urgent consideration.
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