(Adds details)
BANGKOK, March 7 (Reuters) - Thailand's cabinet on
Tuesday approved a law to allow the central bank to regulate the
growing business of leasing cars and motorcycles, in an effort
to strengthen consumer protection and tackle household debt, the
Finance Ministry said.
Transactions in the auto leasing sector accounted for 12.4%
of total household debt, and were on an upward trend, the
ministry said in a statement.
The law will also ensure consumers are treated more
fairly, it said.
The cabinet also let the central bank extend its soft
loan programme for smaller firms until early April 2024, the
ministry said.
The support measures will help business operators
receive funds with appropriate interest rates during the ongoing
economic recovery
and in the future, it said.
(Reporting by Kitiphong Thaichareon
Writing by Orathai Sriring
Editing by Kanupriya Kapoor)
