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

[snoop1130]

 

Small and medium-sized businesses in areas of Thailand under semi-lockdown and control measures will be granted a debt and interest moratorium for July and August, as part of a new financial rescue package jointly worked out by the Bank of Thailand, the Thai Bankers’ Association and the Foreign Banks Association.

 

This package is also being extended to employees working for these affected SMEs, said Finance Minister Arkhom Termpittayapaisith today (Thursday).

 

He said that a series of financial measures, including debt repayment extensions and debt refinancing until end of this year, have been rolled out by the Finance Ministry, in cooperation with private financial institutions, since the first outbreak of COVID-19 early last year.

 

Full Story: https://www.thaipbsworld.com/thai-banks-offer-2-month-debt-moratorium-for-smes-hit-by-semi-lockdown/

 

-- © Copyright Thai PBS 2021-07-15

 

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[milesinnz]

They know you cannot get blood out of a stone - but be assured, interest will continue to be added....

[connda]

As the interest keeps building.

[Peterphuket]

SME, SME?? I thought it was a tone arm.