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Bank of Thailand announcing 3rd phase case-by-case debt aid

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Today the Bank of Thailand will announce the third phase of their plan to reduce debt strain on people affected by the third wave of Covid-19. The phase is part of a continued effort to help individual borrowers cope with their debts by implementing restructuring measures. Financial aid is planned to be given to those in need after evaluation on a case-by-case basis, according to the Deputy Governor for Financial Institutions Stability. The Bank of Thailand is considering the many different ways that people’s debt has been affected by Covid-19 in Thailand. The third wave that started in early April […]

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