Asset warehousing gains ground
published : 22 Feb 2021 at 04:30
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Implementing an asset warehousing concept for the liquidity crunch in the tourism sector makes sense because the industry remains barren, resulting in paltry income.
A hotel worker disinfects day beds at an outdoor pool during the Covid-19 outbreak. Chanat Katanyu
The Bank of Thailand and the Finance Ministry have jointly formulated a plan to help these businesses, centred on the idea that the financial burden of principal and interest repayment can be halted.
This is done by transferring or settling collateral assets with financial institutions, which are the creditors. These assets could be rented by business operators, who make a transfer or settlement of collateral assets, with the option of a buy-back contract once operators have overcome the crisis.