AIRLINK 59.50 Decreased By ▼ -0.20 (-0.34%)
BOP 6.29 Increased By ▲ 0.03 (0.48%)
CNERGY 4.34 Increased By ▲ 0.07 (1.64%)
DFML 15.80 Increased By ▲ 0.10 (0.64%)
DGKC 69.80 Increased By ▲ 0.60 (0.87%)
FCCL 18.37 Increased By ▲ 0.02 (0.11%)
FFBL 26.80 Increased By ▲ 0.05 (0.19%)
FFL 9.28 No Change ▼ 0.00 (0%)
GGL 10.21 Decreased By ▼ -0.09 (-0.87%)
HBL 116.10 Increased By ▲ 0.20 (0.17%)
HUBC 114.00 Decreased By ▼ -0.40 (-0.35%)
HUMNL 6.77 Decreased By ▼ -0.03 (-0.44%)
KEL 4.92 Increased By ▲ 0.03 (0.61%)
KOSM 4.63 Decreased By ▼ -0.02 (-0.43%)
MLCF 38.45 Increased By ▲ 0.06 (0.16%)
OGDC 124.70 Decreased By ▼ -0.60 (-0.48%)
PAEL 21.70 Increased By ▲ 0.14 (0.65%)
PIAA 10.99 Increased By ▲ 0.12 (1.1%)
PIBTL 5.98 Decreased By ▼ -0.04 (-0.66%)
PPL 113.20 Decreased By ▼ -0.90 (-0.79%)
PRL 28.08 Increased By ▲ 0.18 (0.65%)
PTC 10.88 Decreased By ▼ -0.02 (-0.18%)
SEARL 50.51 Decreased By ▼ -1.19 (-2.3%)
SNGP 67.70 Decreased By ▼ -0.56 (-0.82%)
SSGC 11.29 Decreased By ▼ -0.13 (-1.14%)
TELE 7.81 Increased By ▲ 0.01 (0.13%)
TPLP 11.60 No Change ▼ 0.00 (0%)
TRG 73.00 Increased By ▲ 0.13 (0.18%)
UNITY 23.60 Increased By ▲ 0.05 (0.21%)
WTL 1.29 Decreased By ▼ -0.01 (-0.77%)
BR100 6,663 Increased By 14.1 (0.21%)
BR30 22,530 Decreased By -39.3 (-0.17%)
KSE100 64,763 Increased By 184.7 (0.29%)
KSE30 21,971 Increased By 82 (0.37%)

BANGKOK: Thailand's central bank has approved additional measures to assist debtors affected by the country's coronavirus epidemic with income and jobs declining, as an economic recovery will be slow and uneven, it said on Friday.

The Southeast Asian country reached 1 million infections on Friday, the vast majority of those in the past five months, prompting strict curbs in areas accounting for about 80% of gross domestic product.

The outbreak has severely affected the Thai economy and the measures approved to ease the impact include liquidity for smaller businesses and an easing of rules on loans for retail debtors, the Bank of Thailand (BOT) said.

Flexible rules on debt classification and provisions will be allowed until the end of 2023 to reduce banks' costs so that they can help debtors with debt restructuring, the BOT said.

A reduced 0.23% of deposits per annum that banks pay into the Financial Institutions Development Fund (FIDF) will be extended for another year to the end of 2022.

"The measures will be like a provision to be passed on to financial institutions so that they can help debtors," senior director Suwannee Jatsadasak told a news conference.

The BOT has focused on financial and debt measures since last cutting its key interest rate in May 2020 due to the impacts of the pandemic.

Comments

Comments are closed.