Thai Household Debt Fuels Economic Concerns, Hampers ASEAN Growth

    Thailand’s Efforts: The IMF acknowledges that the Thai government has taken significant steps to address household debt, including offering loan repayment assistance, introducing debt restructuring schemes, improving regulatory frameworks, and promoting financial literacy.   A key initiative is the “You Fight, We Help” project, launched in December 2024, which enables individuals and small businesses…

CBA changes its treatment of HELP debt

Following new guidance from the financial services regulator, the Commonwealth Bank of Australia (CBA) has confirmed it is rolling out new assessment criteria for its treatment of student debt, effective from today (9 April). Under the new assessment criteria, CBA will exclude Higher Education Loan Program (HELP) debt from home loan servicing calculations for borrowers…