Thailand to unveil new debt restructuring measures for mortgage borrowers

Thai authorities are expected to introduce additional debt restructuring measures for mortgage holders as slower economic growth weakens their debt-servicing ability. The move aims to provide further repayment relief to borrowers.

Thai authorities are expected to roll out additional debt restructuring measures for mortgage borrowers, as their debt-servicing ability has weakened amid slower economic growth, the Bangkok Post reported.

The move comes as the country's economic slowdown continues to put pressure on household finances, particularly for those with home loans. The new measures are intended to provide further repayment relief to mortgage holders struggling to meet their obligations.

Details of the specific measures have not been disclosed, but they are expected to build on existing debt relief programmes. The announcement signals the government's ongoing efforts to address rising household debt and support borrowers facing financial strain.