webfact Posted March 22, 2022 Share Posted March 22, 2022 By Panithan Onthaworn State-run Government Saving Bank (GSB) is launching its latest relief-loan measure to alleviate the burden on Thai households amid the stagnant economy wrecked by the Covid-19 epidemic, it said on Tuesday. The measure aims to “help those in need of liquidity for their family, as well as to reduce debt load,” said GSB president Vitai Ratanakorn. This relief scheme is part of the Thai government’s policy to support affected households across the country, he said. Under the scheme, Thais over the age of 20 are eligible for up to 10,000 baht credit with a fixed interest rate of 0.35 per cent a month and no requirement for credit guarantor and collateral. Keep up to date with all things Thailand - Join our daily ASEAN NOW Thailand Newsletter - Click to subscribe Full story: https://www.thaienquirer.com/38816/thai-government-rolls-out-10000-baht-loan-programme-for-covid-hit-households/ -- © Copyright Thai Enquirer 2022-03-22 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post EricTh Posted March 22, 2022 Popular Post Share Posted March 22, 2022 10,000 baht ? How long will that last? A few weeks? 3 Link to comment Share on other sites More sharing options...
Popular Post SmartyMarty Posted March 22, 2022 Popular Post Share Posted March 22, 2022 Letting the people get further into debt instead of finding a workable solution. Feudal Thailand. 11 Link to comment Share on other sites More sharing options...
Colbrit Posted March 22, 2022 Share Posted March 22, 2022 Yes a recipe for further debts six months down the line, when the first payment is due. 2 Link to comment Share on other sites More sharing options...
Popular Post timendres Posted March 22, 2022 Popular Post Share Posted March 22, 2022 3 hours ago, webfact said: “help those in need of liquidity for their family, as well as to reduce debt load,” In what reality does taking out a loan "reduce debt load"? 2 1 2 Link to comment Share on other sites More sharing options...
mommysboy Posted March 22, 2022 Share Posted March 22, 2022 Other countries have social welfare! Link to comment Share on other sites More sharing options...
Enzian Posted March 22, 2022 Share Posted March 22, 2022 A lot of bad taste humor could be drawn out of speculation about what will happen to the many--probably most--who default. 1 Link to comment Share on other sites More sharing options...
Popular Post John Drake Posted March 22, 2022 Popular Post Share Posted March 22, 2022 Make it an outright grant. 3 2 Link to comment Share on other sites More sharing options...
PJPom Posted March 22, 2022 Share Posted March 22, 2022 If it is anything like the payments in other so called well off countries it will just be used for the latest phone. In Australia Harvey Norman, major TV and electronics seller reported record profits during the lockdown. 1 Link to comment Share on other sites More sharing options...
Popular Post BayArea Posted March 22, 2022 Popular Post Share Posted March 22, 2022 10 hours ago, EricTh said: 10,000 baht ? How long will that last? A few weeks? not only that, BUT you have to pay back that 10K! sounds like a vicious circle of debt destined to repeat itself. 4 Link to comment Share on other sites More sharing options...
Popular Post Andycoops Posted March 22, 2022 Popular Post Share Posted March 22, 2022 To reduce their debt load by taking on more debt, it beggars belief the trash these people come up with. 4 Link to comment Share on other sites More sharing options...
hotchilli Posted March 23, 2022 Share Posted March 23, 2022 17 hours ago, EricTh said: 10,000 baht ? How long will that last? A few weeks? A day? Link to comment Share on other sites More sharing options...
hotchilli Posted March 23, 2022 Share Posted March 23, 2022 13 hours ago, mommysboy said: Other countries have social welfare! And 10 kids so they can stay home and live on it. 1 Link to comment Share on other sites More sharing options...
RichardColeman Posted March 23, 2022 Share Posted March 23, 2022 (edited) 50 minutes ago, hotchilli said: And 10 kids so they can stay home and live on it. After being 'stranded' in Blackpool , UK for 22 months due to covid, I have to say the level of that is ridiculous there. Just breeding for benefits purposes. Problem is intelligence, stupid people just breeding stupid kids relentlessly. They set no example to their kids, who get stuck in the rut. I know people may need benefits in their lives, but I think our UK should have a limit on it. You can get benefits for say 15-20 years from 16 to 67 , spread out when you need it, but that's it, no more until your retired - force them into work - or prison ! You use you 15-20years benefits from school then that's your decision. Edited March 23, 2022 by RichardColeman 1 Link to comment Share on other sites More sharing options...
wombat Posted March 23, 2022 Share Posted March 23, 2022 29 minutes ago, hotchilli said: And 10 kids so they can stay home and live on it. Populate or perish was the incentive Link to comment Share on other sites More sharing options...
jacko45k Posted March 23, 2022 Share Posted March 23, 2022 1 minute ago, RichardColeman said: After being 'stranded' in Blackpool , UK for 22 months due to covid, I have to say the level of that is ridiculous there. Just breeding for benefits purposes. Problem is intelligence, stupid people just breeding stupid kids relentlessly. The set no example to their kids, who get stuck in the rut. I know people may need benefits in their lives, but I think our UK should have a limit on it. You can get benefits for say 15-20 years from 16 to 67 , spread out when you need it, but that's it, no more until your retired - force them into work - or prison ! You use you 15-20years benefits from school then that's your decision. Bring back the Victorian workhouses! 1 Link to comment Share on other sites More sharing options...
mtls2005 Posted March 23, 2022 Share Posted March 23, 2022 18 hours ago, webfact said: and no requirement for credit guarantor and collateral. Hmmm. Will be interesting to see how much gets doled out as election season draws nearer. Link to comment Share on other sites More sharing options...
vandeventer Posted March 23, 2022 Share Posted March 23, 2022 18 hours ago, EricTh said: 10,000 baht ? How long will that last? A few weeks? Maybe if the hospitals didn't run out of medicine and handed out a herb mix that helps a little, people might not need a loan, just the right medicines. Link to comment Share on other sites More sharing options...
Popular Post spidermike007 Posted March 23, 2022 Popular Post Share Posted March 23, 2022 (edited) Such boundless generosity, nobility, kindness and compassion for the people, shown by the benevolent leaders. They wake up in the morning, and the first thought that occurs to them is "what can we do to improve the lives of the people today? What can we do to make their lives better?" While the army thinks up ways to spend billions on missiles, submarines, new fighter jets, and other ways to "protect the nation" from the imminent threats surrounding it, the people are scrambling to make ends meet. It is all likely by design. Edited March 23, 2022 by spidermike007 3 Link to comment Share on other sites More sharing options...
rickudon Posted March 23, 2022 Share Posted March 23, 2022 That interest rate is still 10 times more than what you get if you are saving money ...... i can borrow cheaper than that in the UK 1 Link to comment Share on other sites More sharing options...
garyk Posted March 23, 2022 Share Posted March 23, 2022 5 hours ago, spidermike007 said: Such boundless generosity, nobility, kindness and compassion for the people, shown by the benevolent leaders. They wake up in the morning, and the first thought that occurs to them is "what can we do to improve the lives of the people today? What can we do to make their lives better?" While the army thinks up ways to spend billions on missiles, submarines, new fighter jets, and other ways to "protect the nation" from the imminent threats surrounding it, the people are scrambling to make ends meet. It is all likely by design. I just read the submarines they are buying do not come with engines.. lol Chinese subs designed around german power plants. And Germany has put a halt to that. 1 1 Link to comment Share on other sites More sharing options...
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