The asset warehousing scheme allows debtors to transfer assets for debt settlement while allowing them the right to buy back these assets at a later date.
Thailand’s cabinet has approved financial support worth THB 350 billion (USD 11.2 billion) to support businesses adversely impacted by Covid-19.
Finance minister Arkhom Termpittayapaisith said the Covid-19 situation at home and abroad has had “a widespread and longer than expected impact”, affecting the business sector’s ability to access liquidity and capital.
The financial support measures – including soft loans, easier collateral requirement for credit, and extended loan repayment periods – will be used to sustain struggling sectors as well as SMEs with the potential to recover over time.
The BOT (Bank of Thailand) announced it will provide THB 250 billion (USD 8.1 billion) in soft loans as a credit…
