Treasury mulls rent rejig
published :
19 Jul 2021 at 07:11
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Travellers walk past duty-free shopping at Suvarnabhumi airport. The Treasury Department proposed a reduction in rental fees to ease operators' financial woes. (Photo: Kamolwat Praprutitum)
The Treasury Department might consider lowering its land and building rental fee to 25% of its normal rate on a case-by-case basis, with the aim of easing the burden on tenants given the prolonged pandemic, says Yuttana Yimgarund, the department's director-general.
He said many tenants have been suffering from declining revenue since early last year when the pandemic broke out.
The department already lowered the rental fee by half for tenants on a case-by-case basis, or let them postpone fee payment to cushion against the impact.