Bangkok: , – BoT reveals that February 2024 exports have not moved, inflation is still negative -0.77 percent, expected to return to positive in another 2 months, excluding credit card fees for going abroad. Buy products online for 3 months. Advise debtors to join the project to solve chronic debt problems, starting April 1, 2024.
Ms. Chayawadee Chaianan, spokesperson for the Bank of Thailand, said that the overall Thai economy in February 2024 expanded at a low level. The value of exports expands by 2.5 percent if gold products worth US$22.3 billion are eliminated. It is considered an expansion of 0 percent compared to the previous year. This is because the world economy is recovering slowly. But after this, exports began to show signs of improvement. Agree that the general inflation rate is negative -0.77, less negative than the previous month -1.11. Views that the inflation rate is continuously improving. It is expected that in the next 2 months the inflation rate will start to be positive.
The current a
ccount balance returned to a surplus of 2 billion US dollars. After the original deficit of 200 US dollars, tourism sector income Continuously increasing from the previous month In particular, the Chinese people benefited from the free visa measures and the Chinese New Year festival. Malaysia from traveling before fasting during Ramadan. This year came earlier than usual. As for Japan, the latter slowed down in the previous period. As for capital expenditures of the central government, they also contracted significantly. The 2024 Budget Act was delayed and current expenditures shrank from the high base effect of the previous year. Because of the postponement of disbursement of the agency Especially in education Including the previous year, there was disbursement for several measures to reduce electricity costs and tourism stimulating projects.
Spokesperson of the Bank of Thailand Added that In the case of the government moving forward with the project to distribute 10,000 baht digital wallets, the BoT still
has the same opinion. Because of the groups affected by COVID-19 Starting to recover and have better income Therefore, we should help vulnerable groups. which should receive help for specific groups It is considered to be more beneficial. However, we must wait for the large digital board meeting on April 10, 2024. How will the guidelines be summarized?
Ms. Chayawadee said that in the case of collecting additional credit card fees In the case of traveling to spend abroad and swiping cards to buy products online After discussion with the credit card service club The BoT requests that fees be waived for 3 months, with the bank rushing to make it clear to cardholders. Then gradually increase the fee.
Ms. Oramon Chantaphan, Director of the Financial Services Protection and Inspection Department, BoT, said that she recommends that debtors join the project to solve chronic debt problems. Focusing on credit card loan groups personal loan It is a group that pays the minimum monthly debt. and is still a good debtor I
t is a group that chooses to pay interest more than the principal. Payment must be completed within 5 years after the Credit Information Protection Board. Improving credit information criteria Effective from 1 April 2024 onwards.
By dividing debtors into 3 new groups: 1.DR, a group that restructures debt to prevent bad debt problems. 2. TDR, a group that restructures debts that have problems. 3. PD, a group of debtors who enter into an agreement to change the conditions. They still do not owe NPL debt under such measures. There will be no retroactive effect on this page layout adjustment. Make a contract before 1 April 2024 for the debtor to contact the bank immediately. By choosing to bring 1-2 problem cards into the project, the interest will be reduced from 25 percent to 15 percent when paid consecutively within 5 years to help small debtors.
Source: Thai News Agency