several relief measures being rolled out by the government. Since the beginning of the outbreak, the Company has committed to support and operate in compliance with the government’s measures and orders
of household debt. On the other hand, public spending and investment continued to grow due to government’s relief measure through cash injection for people and businesses. As of August 31, 2020, the
Opportunity Given the COVID- 19 outbreak that is widely affecting and continuing, the Company has launched debt moratorium programs to support our debtors. However, although the relief measures would indeed
retail loans. Meanwhile, SMEs loans contracted less due to the implementation of various relief measures by the Bank of Thailand. Under the current economic situation and deteriorating quality of loans
drastically from the dump sale. However, the situation is temperary and when the outbreak of the coronavirus (COVID-19) is likely to improve and with the fact that the government has relief measures to support
affecting and continuing, the Company has launched debt moratorium programs to support our debtors. However, although the relief measures would indeed affect the Company’ s revenue stream, the Company views
, government spending will play an important role in supporting the economy through relief measures to help mitigate the impact of the Covid-19 pandemic, while infrastructure investment continues to proceed. The
Company also complies with the Bank of Thailand to provide the relief measurements to assist our customers by reducing minimum payment for credit card and personal loan as well as providing a grace period
, Switzerland, Poland and the Czech Republic, in the form of subsidies for payrolls, and tax relief. In Germany where the Company has 33 hotels, there is a subsidy for payroll of up to 60% of gross salary. Our
has introduced relief measures to boost the economy and increase liquidity to alleviate the impact of COVID-19 on citizens and businesses. In response to the crisis, the government has introduced cash