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Bank of Thailand Orders Banks to Suspend Dividend Payments

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https://www.thaiexaminer.com/thai-news-foreigners/2020/06/21/banks-ordered-to-cease-dividends-shore-up-balance-sheets-loan-quality-fears/
Banks ordered to cease dividends and shore up balance sheets on fears of loan quality erosion


https://www.chiangraitimes.com/economy-business/bank-of-thailand-orders-banks-to-suspend-dividend-payments/


Bank of Thailand Orders Banks to Suspend Dividend Payments
Bank of Thailand Governor Veerathai Santiprabhob said that Covid-19 had caused widespread impacts on businesses and the general public. The Bank of Thailand has ordered commercial banks to draw up management plans for the next three years.

It begins.....mass unemployment is already here and nobodys paying the mortgages or loans.

 

I wonder when the bargains will be available?

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