Thai cabinet approves debt relief measures for small borrowers, SMEs, and vulnerable groups

Cabinet approves debt relief measures for vulnerable groups and SMEs, allowing NPLs under 5,000 Baht to be settled and credit restored. BANGKOK, Thailand – Prime Minister Paetongtarn Shinawatra revealed that the Cabinet has approved debt relief measures to support individual borrowers, small and medium enterprises (SMEs), and vulnerable groups, December 11. These measures aim to…

Energy firms to offer ‘no standing charge’ tariffs and struggling customers to get debts wiped in huge shake-up

MILLIONS of energy customers will get access to ‘no standing charge’ tariffs under new plans revealed by Ofgem today. The energy regulator is also planning to launch new support for customers struggling with debt. 1 In addition, Ofgem has announced plans to require energy suppliers to offer zero standing charge tariffsCredit: Getty As part of…

G20 Presidency | SA proposes debt relief review

As the quest to resolve the global debt crisis goes on… A team of experts has been established to bring this to action, while building a more inclusive and equitable international tax system. READ: G20 presidency | Discussing priorities with Russia’s G20 Sherpa This is according to Secretary-General of the United Nations, António Guterres. He…

Thai cabinet approves measures to ease household debt

BANGKOK: Thailand’s cabinet on Wednesday (Dec 11) approved debt support measures, including interest suspensions and reduced principal payments, to help tackle household debt, Prime Minister Paetongtarn Shinawatra said. The measures will help retail borrowers and smaller businesses, she told a press conference. Finance Minister Pichai Chunhavajira told reporters the cabinet also agreed to allow banks…