The Federation of Thai Industries (FTI) plans to ask the Bank of Thailand to extend the debt moratorium scheme, which will end next month, for another two years.
The extension would require businesses to pay 10% of interest payments for six months to alleviate the fear of non-performing loans (NPLs) among financial institutions.
Borrowers should also be charged a normal interest rate, not applying penalties for overdue payments, the FTI said.
The group believes that this measure will keep the NPL rate at a manageable level and at the same time help staggering businesses that cannot afford to pay their debts, said FTI chairman Supant Mongkolsuthree.
He was preparing to pitch the proposal at today’s meeting of the Center for Economic Sit…
Read the full article at: https://www.bangkokpost.com/business/1985999/fti-wants-to-extend-debt-programme
