BOT extends asset repurchase period for 'Pause Assets, Pause Debt'

Post Today•Economy•3d ago

Reader Briefing

The Bank of Thailand has extended the deadline for business owners to repurchase assets under the 'Pause Assets, Pause Debt' program until December 31, 2027.

•The Bank of Thailand extended the asset repurchase period to December 31, 2027.
•Over 400 business operators in the program were set to reach their repurchase deadlines starting July 2026.
•The extension aims to help business operators with potential who need more time to secure funding due to economic conditions and uncertainty in the Middle East.

Overview

•The Bank of Thailand launched the 'Pause Assets, Pause Debt' project in 2021 to help business operators affected by COVID-19 and liquidity shortages.
•Over 400 business operators currently in the 'Pause Assets, Pause Debt' project will gradually reach their asset repurchase deadlines starting July 2026.
•The Bank of Thailand and the government have supported financial institutions in providing funding sources such as 'SMEs Secure+' loans and Government Savings Bank Soft Loans.
•Some business operators need more time to secure funding due to the economic climate and high uncertainty regarding conflicts in the Middle East.
•The Bank of Thailand extended the asset repurchase right under the project to no later than December 31, 2027.
•Business operators wishing to extend their repurchase period are urged to contact financial institutions before their original contracts expire.
•Business operators with sufficient liquidity can repurchase their assets according to the original schedule.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Entities

Person

Withai Ratanakorn(วิทัย รัตนากร)

Governor of the Bank of Thailand.

Organization

Bank of Thailand(ธนาคารแห่งประเทศไทย)ℹ️

The organization that issued the 'Pause Assets, Pause Debt' project and extended the asset repurchase period.

Government Savings Bank(ธนาคารออมสิน)

A bank providing Soft Loan projects to help business operators.

Policy

Pause Assets, Pause Debt(พักทรัพย์ พักหนี้)

A project launched in 2021 to assist business operators affected by COVID-19 by allowing them to transfer collateral to financial institutions to pay debts with a right to buy back within 5 years.

SMEs Secure+(มีทรัพย์เพิ่ม เติมสภาพคล่อง (SMEs Secure+))

A loan measure used by financial institutions to help business operators access funding for asset repurchases.

Place

Middle East(ตะวันออกกลาง)ℹ️

A region where conflict and uncertainty have affected some business operators.