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BoT relaxes assistance measures

BoT relaxes assistance measures

Bid to help entrepreneurs, individuals

A desolate atmosphere pervades Bangkok’s Siam Square, where business remains bleak as people avoid public places.

The Bank of Thailand has relaxed its debt assistance measures to help entrepreneurs and individual borrowers during the prolonged pandemic.

The Financial Institution Policy Committee on Thursday approved additional debt aid measures and adjusted other rules to better respond to the demands of small and medium-sized enterprises (SMEs) and individual borrowers.

The easing is in response to the continued outbreak and extension of government lockdown measures to contain new infections, said Suwannee Jatsadasak, senior director for regulatory department 2.

The central bank…

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