TBA unveils package for operators hit by triple whammyThe Thai Bankers' Association (TBA) has come up with a comprehensive assistance package that includes a grace period for principal loan payment with a maximum of one year for tourism operators, exporters, importers, supply chain operators and individuals affected by the coronavirus epidemic and the country's flagging economy. The measures are divided into three groups: tourism and related businesses, including restaurants and souvenir vendors; exporters, importers and those who are in the supply chain; and employees, said Predee Daochai, the TBA chairman. Extending the payment period for packing credit loan facilities and promissory notes for up to three months per time is provided to exporters, importers and supply chain operators, he said. Employees of businesses affected by the virus are allowed to service interest up to one year for mortgage loans. The association will closely monitor the situation and join hands with the public and private sectors to aid business operators and households.

Source: Bangkok Post February 25, 2020 21:11 UTC