The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search

Debt suspension approved for businesses affected by state decrees

Debt suspension approved for businesses affected by state decrees

BANGKOK: To aid business operators hit by the COVID-19 pandemic, the government has suspended debt repayments for two months by businesses, and laborers who have had to cease work due to state edicts, while also promising to aid those still active.

By National News Bureau of Thailand

Saturday 17 July 2021, 10:30AM

Photo: NNT

Photo: NNT

The Center for the COVID-19 Situation Administration’s (CCSA) economics spokesperson Thanakorn Wangboonkongchana reported yesterday (July 16) that the Ministry of Finance, Bank of Thailand, Bank Association of Thailand and the International Bank Association had collectively decided to suspend debt principal repayments and interest payments by SMEs for a period of two months, reports state news agency NNT.

The aid applies to all businesses nationwide that have been forced to stop due to state measures against COVID-19 as well as their employees, with a particular focus on those in the 10 most restricted provinces. The help applies to payments in July and August, said the report.

Debtors who have continued to operate their businesses but have been affected by restrictions will have their applications for aid considered on a case-by-case basis from July onward.


The CCSA has, however, underlined that the measure is only a delay in payments, with those able to make payments urged to continue to do so to avoid a financial burden in the future, Mr Thanakorn said.

So far, the government has approved aid of B500,000 to 3,000 tourism businesses, drawing on a budget of B1.218 billion, the report noted.

The restaurant credit scheme has provided B100,000 in loans to eateries, and the SME credit scheme has provided B3 million in loans to travel and other enterprises to shore up their liquidity, the report concluded.

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.


Kurt | 18 July 2021 - 13:31:51

The Government sure knows that 2 months suspension will be not enough seen the present developing Covid-19 situation in Thailand. More suspension time will follow. Stop short time thinking. We deal with Covid-19, needs long term thinking. No business in problems now can meet financial obligations by end September.


Have a news tip-off? Click here


Phuket community
Phuket police deny ‘robbing’ foreigners, defend traffic checks

@Maverick Timothy and many other on here keep whining about police fining foreigners for years now....(Read More)

Kalim Beach restaurant fined for obstructing traffic

As long as vehicle business operators are allowed to use public space areas as their private busines...(Read More)

New Phuket OrBorTor chiefs elected

Finally, Khun MaAnn can take his spoils and go away, leaving the area that suffered under his contro...(Read More)

COVID ‘variant of concern’ renamed Omicron

Re my comment.. WHO directives re PCR tests are NOT conspiracy theories!!...(Read More)

COVID ‘variant of concern’ renamed Omicron

Panic mongering by the Mainstream News. Inventor of the PCR test Dr. Kary Mullins stated that the t...(Read More)

Phuket police deny ‘robbing’ foreigners, defend traffic checks

Timothy@ perhaps if those tourists were warned before renting bikes accident rate would also decline...(Read More)

Patong venue operators cautioned as Bangla cases rise

Let's all be optimistic. Omicron has been reported as highly contagious but mild. Perhaps this i...(Read More)

All arrivals free of new strain, say virus chiefs

Look on the bright side, If Omicron, as reported from South Africa, is very transmissible but mild, ...(Read More)

All arrivals free of new strain, say virus chiefs

The main source of this variant Southern Africa already required quarantine so anything to slow it d...(Read More)

All arrivals free of new strain, say virus chiefs

No matter what steps Thailand takes it will get in to the country just as the other variants have do...(Read More)