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Thailand cuts interest charges for one year for disaster-relief loans.
Byline: Wichit Chantanusornsiri
Jan. 8--The Thai Asset Management Corporation (TAMC) will cut interest rates to zero for one year for borrowers affected by the tsunami disaster.
Payment periods could also be extended for borrowers in the six southern provinces, according to Somjate Moosirilert, the TAMC president.
He said the state debt agency had 190 borrowers in Krabi, Phuket, Phangnga, Satun, Ranong and Trang, with total outstanding debt of six billion baht.
The businesses spanned a number of industries, including contractors, building materials suppliers, petrol stations and hotels.
Mr Somjate said the agency was still in ...
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