"debt"

The Bangkok Mass Transit System (BTSC) and Krungthep Thanakom (KT) are looking for ways to solve the 30-billion-baht debt problem related to the extension of the BTS Green Line and expect to come to an agreement within two weeks.

The Bank for Agriculture and Agricultural Cooperatives (BAAC) will offer a debt moratorium from six months up to a year to clients who are farmers, cooperatives, village funds or agricultural communities which have had debts with the bank as of April 1, 2021, in a bid to alleviate the financial burden of its clients amid this severe third Covid-19 wave.

WASHINGTON - America's federal debt is set to exceed the size of the entire U.S. economy this year for only the second time since the end of World War II, a reflection of the extraordinary emergency measures approved by Congress in response to the coronavirus pandemic, the nonpartisan Congressional Budget Office said Thursday.

Skytrain operator Bangkok Mass Transit System (BTSC) on Monday handed an ultimatum to the Bangkok Metropolitan Administration (BMA): pay its Bt30 billion-plus debt within 60 days or face suspension of Green Line services.

SAN JOSE, Costa Rica - This nation built Latin America's model society, enacting universal health care and spending its way to one of the Western Hemisphere's highest literacy rates. Now, it's reeling from the financially crushing side effects of the coronavirus as cratering revenue and crisis spending force a reckoning over a massive pile of government debt.

Risks to financial stability in certain areas could rise despite improving economic conditions, and one such area will be the deterioration in households and businesses’ ability to service their debts, the central bank said.

The Government Housing Bank (GH Bank) expects to be hit by Bt4.5 billion in non-performing loans (NPLs) by the end of this year, and believes its profits for 2020 will drop from Bt13 billion to Bt9 billion.

The Cabinet has accepted the Bangkok Mass Transit Authority (BMTA)'s proposal to borrow Bt7.89 billion in a bid to boost its liquidity as it expects to lose Bt33 billion in operations next year.

The Bank of Thailand (BOT) has made adjustments to its “debt clinic” project, making it easier for debtors suffering from the Covid-19 fallout to seek help.

The Thai economy stares at an uncertain future because the Covid-19 outbreak is likely to prolong until the first half of 2021, Krungthai Bank (KTB) said.

Grab Financial Group (Thailand) expects to give out 20 to 30 per cent fewer loans this year, missing its Bt3 billion target due to the Covid-19 fallout.

The Bank of Thailand (BOT) has ordered commercial banks and non-banking entities to cut down the interest rates they charge for credit cards, personal credit and hire purchase by 2 to 4 per cent in a move to help people struggling with debt due to the Covid-19 crisis.