BoT preps new asset warehouse programme

The Bank of Thailand is preparing an additional measure to help the struggling hospitality and property sectors through an asset warehousing programme.

The new Covid-19 outbreak has caused the economic recovery to be more uneven and depressed fragile business segments, especially small and medium-sized enterprises (SMEs) and the property sector, which has seen an oversupply of condos and a focus on foreign buyers, said Chayawadee Chai-Anant, senior director of the economic and policy department.

The hospitality sector has endured a prolonged slowdown for almost a year, said Ms Chayawadee.

These industries have a lot of property assets and many businesses have used them as loan collateral. Meanwhile, SMEs face difficult…