(Bloomberg) — Thailand unveiled a fresh set of debt-relief measures to cover millions of retail borrowers and small businesses struggling to repay loans, the latest bid by authorities to tackle the highest level of household debt in Southeast Asia.
An estimated 1.9 million debtors with about 890 billion baht of sticky loans ($26 billion) taken to purchase houses and automobiles and finance small and medium businesses from commercial banks and state financial institutions will be eligible for interest suspension for three years, Finance Ministry and Bank of Thailand officials said at a briefing Wednesday. They will also be offered a reduction in instalments of principal to ease the overall debt burden, they said.
The reprieve for…
