Asset warehouse scheme predicted in 2 monthsThe asset warehousing programme is expected to be implemented in the next two months amid calls urging the Bank of Thailand to expand the assistance scope to cover low-cost airlines, says the Thai Bankers' Association (TBA). The TBA completed the asset warehousing programme framework after discussions with commercial bank members. A buy-back agreement within a specific time frame would also be embedded as a condition in the asset warehousing programme. Mr Payong said the time frame for the asset warehousing concept could possibly be in a range of 3-5 years. The government is mulling either waiving or subsidising transaction fees and relevant taxes under the asset warehousing programme, he said.

Source: Bangkok Post March 03, 2021 23:26 UTC