Fears of a debt tsunami are amplifying with debt relief measures by the Bank of Thailand set to expire later this month. Suffering businesses are urging an extension to avoid shouldering a mountain of debt that could make them go under.
Non-performing loans (NPLs) in consumer finance are edging up amid the economic downturn aggravated by the coronavirus pandemic.
Gross outstanding NPLs in the second quarter totalled 509 billion baht, equal to 3.09% of total loans, up from 3.04% in the previous quarter.
In an attempt to help struggling businesses and retail borrowers, the central bank laid …
Read the full article at: https://www.bangkokpost.com/business/1996635/living-on-borrowed-time
