Lack of 'bad bank' hampers debt efforts

Lack of 'bad bank' hampers debt efforts

Former prime minister Thaksin Shinawatra remains a magnet for attention as he shapes government policies.

Thaksin's Debt Solution Sparks Debate Amidst Thailand's Financial Woes

Picture courtesy of Soha Former Prime Minister Thaksin Shinawatra is stirring discussion over Thailand's debt crisis, proposing a government intervention to purchase non-performing loans (NPLs) from banks and remove debtors from the credit blacklist. While Thaksin's idea aims to relieve struggling households, it faces scepticism. Thailand's household debt has reached 16.3 trillion baht, nearly 89% of its GDP, with personal NPLs comprisin…

'Thaksin' reiterates that buying people's debt must be done, insists that solving people's debt and household debt will happen this year, believes it should go well, and asks for patience, 'digital wallet' will definitely help stimulate the economy. At 6:30 p.m. on March 23, 2025 at Hua Lamphong Railway Station, Mr. Thaksin Shinawatra, former Prime Minister, gave an interview regarding the results of the Dusit Poll survey, most people agree with…