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The Asian Affairs > Latest News > Debt

Tag Archives: Debt

Philhealth
Philippines

PhilHealth pays P500-M debt, Red Cross to resume Covid-19 tests

By Jasmine C.
October 28, 2020
in :  Philippines

METRO MANILA – The Philippine Health Insurance Corporation (PhilHealth) has announced that it had made a P500 million partial payment for the P930 milliion debt to the Philippine Red Cross (PRC) due to Covid-19 tests being conducted. According to the statement released by the state health insurer, the remaining balance would be paid according to the gov’t rules and regulations. …

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Philhealth
Philippines

Philhealth to settle Red Cross’ debt on Monday

By Jasmine C.
October 25, 2020
in :  Philippines

METRO MANILA – The Philippine Health Insurance Corp. (PhilHealth) assured today that they will be settling the debt to the Philippine Red Cross (PRC) on Monday after receiving a legal opinion from the Department of Justice (DOJ) regarding the testing agreement between the agency and the humanitarian organization. According to statement released by Philhealth, they will release the payment on …

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Mr. Sethaput Suthiwatnaruputh
Thailand

An Expanding Debt: Falling Profits Hits the Ability to Repay

By Burapha
October 23, 2020
in :  Thailand

The Bank of Thailand leader, a growing under-employment rate led by the Covid-19 crisis would further aggravate the country’s swelling household debt and the debt-servicing woes of borrowers. Although the coronavirus outbreak has not significantly impacted the unemployment rate, the pandemic has caused an increase in underemployment due to a decrease in working hours, said Governor Sethaput Suthiwartnarueput, due to …

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Thai Airways International confirmed it will further suspend international flights
Thailand

“Rehabilitation is likely to be applied for Thai Airways” said the Government

By Burapha
May 19, 2020
in :  Thailand

Thai Airways International on Monday confirmed it will further suspend international flights following the Civil Aviation Authority of Thailand’s announcement. Further prolonging its ban on inbound and outbound commercial flights until at least June 30. A resumption in July is being considered, and THAI stressed it will continue to monitor the situation with a view to recommencing commercial flights as soon as …

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Bangkok of Thailand’s assistant governor Thanyanit Niyomkarn
ASEAN News

New interests rate will be applicable for relief fund to new borrowers

By Burapha
May 9, 2020
in :  ASEAN News, Economy, Thailand

In a bid to ease debt-repayment burden on borrowers as well as minimise the number of non-performing loans, the central bank has come up with a new method of calculating interest.  This new method of calculating interest charged on overdue debt was enforced on May 1, Thanyanit Niyomkarn, the Bangkok of Thailand’s assistant governor, said on Friday (May 8).  She …

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Thailand

Big chain coffee vows to pay debt

By Desk Writer
February 17, 2020
in :  Thailand

A major Thai coffee brand has vowed to pay about 200 farmers who were forced to take out loans while waiting nearly three years for payments due them, leaving them with spiralling debts. Doi Chaang Coffee, which has more than 50 franchises in Southeast Asia, said it would pay about 7 million baht after the Thomson Reuters Foundation revealed the …

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