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Debt event offers relief for those hit by Covid-19

6 The government has rolled out a debt mediation programme for debtors having problems repaying debts in light of Covid-19. Deputy government spokeswoman Traisuree Taisaranakul said Prime Minister Prayut Chan-o-cha has instructed various agencies to help debtors by preventing them from missing repayments and suffering from its consequences on their work. The Bank of Thailand, the Legal Execution Department and over 22 credit card and other credit providers, will arrange a fair to mediate credit card and personal loan debts on Feb 14 until April 14 to help debtors, she said. The event seeks to relax debt repayments for three groups of debtors comprising NPL debtors who are being prosecuted, NPL debtors who have not yet been prosecuted and debtors temporarily lacking liquidity, according to Ms Trisuree.

Founder of first low-cost airline in Thailand dies

16 Udom Tantiprasongchai announces additional routes for Orient Thai Airlines on Aug 12, 2007. He died on Saturday at the age of 66. (Post Today photo) Udom Tantiprasongchai, best known for founding the first low-cost airline in Thailand, has died at 66. Udom died on Saturday and the chanting rite for him will be held at Wat Depsirin from Sunday to Saturday at 6pm. The cremation will take place on Jan 24 at 5pm. The cause of his death has not been officially announced. Thank you for your contribution to the Thai sky and Thai aviation industry, said a message posted on @aviaknowledge, a Twitter account created for the Thai aviation sector.

Thai Airways Insolvency Proceedings – Creditor Repayment Application Deadline - Insolvency/Bankruptcy/Re-structuring

To print this article, all you need is to be registered or login on Mondaq.com. Thailand s Official Receiver recently issued an important announcement relevant to all existing or potential creditors of Thai Airways International Public Company Limited ( Thai Airways International ). The announcement details the Central Bankruptcy Court s Order for rehabilitation of Thai Airways International and was published in the Royal Gazette on October 2, 2020. This notice is of particular importance to creditors of Thai Airways International, as all liabilities for debt repayment shall be managed by the plan preparer in charge of Thai Airways International s rehabilitation. However, in order to qualify

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