Thai Finance Minister says plans debt relief measures, seeks to ease mortgage rules
Business
BANGKOK : Thailand is planning measures to tackle household debt including a suspension of interest and reduced principal payments on some bad debts, the finance minister said on Friday. Under the proposals, borrowers with debts that are overdue by between one and 12 months would receive a suspension of interest for three years and a 50 per cent reduction of principal payments, Pichai Chunhavajira told reporters. The measures, which will be discussed with the Bankers' Association later on
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