Krungsri Securities (KSS) reports that the Thai Cabinet has approved an expansion of the “You Fight, We Help” debt relief program, extending key measures to assist Thai borrowers through September 30, 2025. The move aims to provide additional financial breathing room for individuals and small businesses, while also shoring up the stability of Thailand’s banking sector.
Expanded and New Measures
The “Direct Payment, Asset Retention” program has been broadened to include borrowers with payment arrears exceeding 365 days, as well as those overdue for just 1-30 days if they have previously restructured their debt. The criteria remain consistent: mortgage borrowers with loans below THB 5 million per institution, hire-purchase…