BoT preps new asset warehouse programmeMs Chayawadee says the hospitality sector has endured a slowdown for almost a year. The Bank of Thailand is preparing an additional measure to help the struggling hospitality and property sectors through an asset warehousing programme. The government, financial authorities and the private sector have been deliberating on an asset warehousing programme to aid SMEs, hotels and the property sector. A buy-back agreement within a specific time frame would also be embedded as a condition in the asset warehousing programme. "The asset warehousing programme would help contain non-performing loans in the banking industry and prevent asset auctions and asset devaluation, along with cushioning the impact on employment," she said.

Source: Bangkok Post February 25, 2021 23:15 UTC