- Thailand’s latest relief package aims to improve the liquidity of businesses still impacted by the pandemic through the issuance of soft loans.
- Businesses can also opt for the asset warehousing program, which allows debtors to use their assets as collateral for loans but have the right to buy back their assets once the financial situation of their business improves.
- The asset warehousing scheme will last up to five years.
On March 23, 2021, Thailand’s government approved its latest economic relief package, valued at 350 billion baht (US$11.2 billion), to support businesses in the country.
Some 250 billion baht (US$8 billion) was allocated for soft loans while the remaining 100 billion baht (US$3.2 billion) will go towards an ‘asset warehousing’ program whereby debtors can use their assets as loan collateral but will have the right to redeem their assets under a specific time…
