Thailand’s Debt Crisis Worsens: Non-Performing Loans Extend to Major Companies Amid Continued Credit Tightening for Third Consecutive Year
Photo Credit: IStock Photo Thailand’s financial sector faces rising risks as Non-Performing Loans (NPLs) spread from SMEs to large firms, pushing the NPL ratio close to 3%. The overall credit…
Government Seeks Revenue Amid Growing Debt
Photo Credit: Stock Photo The rising interest expenses have progressively depleted the treasury reserves over the past four years, prompting the government to urgently seek ways to boost revenue before…
Thailand’s public debt climbs to 11.474 trillion baht, equivalent to 63.67% of its GDP in March
Thailand’s Finance Ministry disclosed in the Royal Gazette that the nation’s public debt surged to 11.474 trillion baht or 63.67% of its GDP by the end of March. This marked…
Farmers are pleading with the next administration to assist in easing their debt situation, which is mostly brought on by high production costs.
The majority of them, according to Pramote Charoensilp, president of the Thai Agriculturist Association, are small-scale rice farmers who rent their property.