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A screenshot of Mr Arkhom during his keynote speech.
Financial institutions should consider if the Bank of Thailand s move to suspend principal and interest payment for two months should be extended to provide more breathing room to small and medium-sized enterprises (SMEs) this year and next as the pandemic s impact has been severe, says Finance Minister Arkhom Termpittayapaisith.
He made the remarks during a keynote speech yesterday at the launch of the World Bank s Thailand Economic Monitor July 2021 The Road To Recovery report.
Mr Arkhom said because the Thai economy is not expected to recover quickly, banks and lenders will have to monitor the situation and consider if debt suspension should be longer than two months.