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Bangkok Post
Bangkok Post
Technology

UNCOVERED: Trying to keep a lid on consumer debt - Caught on Camera

Auto hire-purchase and leasing businesses have posted continuous growth since 2017, according to the Bank of Thailand. (Photo: Pattarapong Chatpattarasill)

Thailand is stepping up its supervision of auto hire-purchase and leasing of cars and motorcycles to ensure consumer protection and deal with elevated household debt.

The cabinet on March 7 approved a draft decree to allow the Bank of Thailand to regulate the growing sector of auto hire-purchase and leasing of cars and motorcycles, aiming to upgrade the standards of the two businesses.

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