National debt commission investigates impact of informal lending in Phuket

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PHUKET: An evidence-based study on the impact of the economic crisis found at least 21 cases of people in Phuket taking informal loans to repay loans already in progress, and being unable to repay the informal loans.

Phuket Deputy Governor Pichet Panapong reported the news on Monday to Chaichana Dejdecho, chairman of a House of Representatives National Debt Resolution Committee subcommittee investigating the handling of the national issue. asset management and debt management operations by law enforcement and the problem of informal debt, namely people who owe money to loan sharks.

The subcommittee is particularly focused on the impact on business owners and the general public, Chaichana explained.

The sub-committee arrived in Phuket on Monday for a three-day inspection visit, he added.

The specific objective of the visit is to assess the impact of debt conditions on business owners and the general public due to the spread of COVID-19, Chaichana said.

“In addition, another goal is to collect information on government relief measures and suggestions for solutions to debt problems from the general public and relevant agencies,” he added.

“It is about clarifying and expressing opinions on the situation of debt problems of entrepreneurs and the general public, solutions to debt problems, overall performance, obstacles, as well as useful policy recommendations for optimize sustainable debt resolution,” he said.

Relevant agencies have provided assistance, said a report from the Phuket office of the Public Relations Department (PR Phuket) marking Mr Chaichana’s visit.

“There has been assistance of informal debt problems to the general public through relevant agencies,” the report repeated three times.

“There has been mediation with informal creditors over the past year, representing 21 cases in which each debtor had borrowed money from many informal creditors and taken out daily interest loans,” the report said. report.

“In this regard, the provincial police have set up an informal debt relief center to help people under the orders of the Royal Thai Police,” the report adds, without identifying exactly which Phuket police set up which office. or how it can be. contacted.

Repeat calls by Phuket News today (March 3) to the Phuket Provincial Police to confirm the existence of such a police task force went unanswered.

“For other issues, Phuket has assigned competent agencies to help and solve people’s problems continuously in all areas to deal with people’s suffering and improve happiness during the COVID-19 pandemic.” , the PR Phuket report added.

The report did not mark any of Mr. Chaichana’s conclusions.

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