Otherwise good debtors who were affected by the pandemic could seek help
The Ministry of Finance plans to suspend debt payments for one year for certain small and medium-sized enterprises (SMEs) that faced unusual circumstances because of the pandemic.
Specifically, help will be available for businesses categorised by the Bank of Thailand as account status Code 21, indicating debts overdue by more than 90 days caused by an unusual situation, said Deputy Finance Minister Julapun Amornvivat.
The code was established to distinguish non-performing loans (NPLs) during unusual circumstances, namely the pandemic, from normal NP…
Read the full article at: https://www.bangkokpost.com/business/general/2649657/smes-facing-unusual-trouble-to-get-debt-relief