Thai backhoe and truck owners seek debt moratorium from Finance Ministry

[snoop1130]

 

Owners of six-wheel trucks and backhoe excavators are seeking help from the Finance Ministry, by negotiating with commercial banks or other financial institutes, to freeze their debt and interest payments until the COVID-19 situation improves to the extent that they can resume business.

 

Their representatives submitted a petition, addressed to the finance minister, today (Friday) asking for help by talking to their creditor banks, pointing out that over 10,000 operators have been without any revenue for several months now, as no-one has used their services, while they have about 60,000 baht in monthly expenses, including monthly instalments for their vehicles.

 

One of the representatives, said that, even though some banks have granted some of them temporary debt moratoria, they still charge them interest on the frozen instalments.

 

Full Story: https://www.thaipbsworld.com/thai-backhoe-and-truck-owners-seek-debt-moratorium-from-finance-ministry/

 

-- © Copyright Thai PBS 2021-07-30

 

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[worgeordie]

The 8 wheel truck drivers and bulldozer owner's will be along next week ????

regards worgeordie

[PETERTHEEATER]

If the back-hoe operators display a registration plate and insurance entitling them to drive on public roads their plea should be considered. That eliminates ninety percent......????