BANGKOK -- Thai banks have offered companies hit by the novel coronavirus more time to repay loans.
The debt-relief package, announced by the Thai Bankers' Association, comes on top of state measures to mitigate the epidemic's potential $6.4 billion blow to the country's long-stagnant economy. The yearlong grace period on loan repayments being offered by banks covers companies in the tourism sector, exporters, importers and retailers.
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