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 to pay a reduced annual contribution of 0.23 per cent of their deposits to the Financial Institutions Development Fund (FIDF) for three years.
The reduced FIDF contributions would help banks support debtors, officials have said.
Banks currently must pay an annual regular contribution rate of 0.46 per cent of their deposits to the FIDF,…
