Home Sports Penetrating “debt recovery” measures to help small entrepreneurs break through COVID-19: PPTVHD36

Penetrating “debt recovery” measures to help small entrepreneurs break through COVID-19: PPTVHD36

by news dir

On one episode of the show Black coffee Which will be broadcast on the first day of May 6, 2021, Dr. Sethaput Suthiwatnaruput The Governor of the Bank of Thailand (BOT) mentioned one of the measures that took place during the Thai coronavirus outbreak. New species (COVID-19) asked Yin to bring it into detail.

“PPTV” brewed dark “Black Coffee” ready to serve on the screen this May 6, the original recipe “Suthichai Yun” talked about everything …

The BOT governor pointed out Thai behavior Is debt fast – debt is long

And because this is a new measure that is being applied to the severely affected Especially small entrepreneurs from the spread of this disease in particular

“What we see from this crisis is that it takes a long time and there is a lot of inequality, the recovery has changed from the original measure in the first period, namely debt suspension. Without distinguishing who are affected more and less But later, I began to see that the same drug is not suitable for everyone, so we have to adjust the policy. ” Dr.Sethaput Suthiwatnaruput The Governor of the Bank of Thailand (BOT) stated

From the problem of the measures at the beginning of the remedy, it can be seen that the BOT mainly focuses on the moratorium, where the problems of each business are not the same. Because during the debt accommodation period, some businesses still have no income coming in While interest rates continue to move forward as well

concept Therefore, the asset wharehousing measure was initiated.

Dr.Sethaphut further said that the debtor had to be separated into 2 groups, really small groups, such as people, personal loans. Credit card debt This group does not want additional credit, but wants to manage the old debt. But this group of small entrepreneurs (SMEs) need new loans. Want to enter the debt restructuring process, so Measures for debt relief Simply put, small business receivables can transfer their assets to their existing debt. In order to clear the debt as before, there is debt 80 million baht, but the collateral value is 100 million baht, you have to take the property to pay the debt at 80 million baht. but…

When the transfer is returned to 80 million baht, you have the right to return and purchase your property at the transferred price. The advantage here is Reduce the debt burden of the debtor. Give the debtor a chance to return Within a period of 3-5 years when the situation has improved. Including receivables can be rented to operate the business at an affordable price Or can take care of the property The rent paid can be deducted from the repurchase price as well. This is the hallmark of a debt settlement.

“Another one that I think can help is Remember to cause negotiations between creditors. (Financial institutions) and debtors to issue standard contracts Make an agreement between debtors Payable it’s easier While in some mechanical terms, it will facilitate price deals. Between creditors and debtors Compared to giving investors or private individuals to buy “

It is one way to make entrepreneurs stay. Going through the COVID-19 crisis, when the situation improves, you can resume business rehabilitation as before. Especially those affected by the tourism industry chain.

“The tourism-dependent economy is not just 11-12% of GDP, it is 20% of employment in tourism-related industries. Which is the most important one “

For debt relief measures within the amount of 100,000 million baht, it focuses on helping businesses that have been severely affected. It takes a long time to recover. But still have potential and have assets as collateral By negotiating with financial institution creditors to stop or reduce debt burden

Under the standard contract conditions, for example, the business operator has the right to buy the property back first at cost. Within 3-5 years, equal to the appraised value plus the carrying cost of 1 percent per annum of the revalued value. And the cost of maintaining the property as actually paid and reasonable In which the business operator can request for lease of property to return to take care of or open the operation and the financial institution will deduct the rental fee from the sale price to the debtor. TTo help save opportunities for business operators not to be forced to sell property (fire sale) Able to come back and create jobs andMake money again when the situation is resolved.

They must be business receivables affected by COVID-19. Who had assets as collateral with a financial institution before 28 Feb. 64 and was not a NPL as of 31 Dec. 19

Financial institutions and debtors must voluntarily for both parties to transfer. Collateral Property for Debt Payments Which has conditions according to the standard contract by

– The debtor has the right to buy the collateral property back within 5 years first. The refund must not exceed the asset appraisal value plus carrying cost of 1 percent per year of the asset appraisal value. Take care of additional assets as actually paid and reasonable.

– The debtor has the right to lease the collateral property in the first place, whereby the financial institution will deduct the rental fee. From the purchase price of property back And does not charge expenses In taking care of additional assets If the tenant debtor Is a custodian of the said property

The BOT supports liquidity at a 0.01% interest rate in the acceptance of assets transferred to financial institutions. And the government supports the exemption or reduction of taxes and related fees, such as taxes and property transfer fees Both transferring and selling back to the same debtor

From a preliminary estimate, this measure is expected to support hundreds of thousands of jobs. And helps companies to have liquidity in the business of 10,000 companies, as well as helping to reduce GDP at risk.

There are still other issues. It is interesting in the story of the Thai economy during the time of the COVID-19 disaster. What will this have in the future? Through Khun Suthichai Yun in the Black Coffee program on May 6, 2021 at 10.45 PM.


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