Thailand to spend 10bn baht to buy bad household debt, stocks edge up nearly 1%
By Reuters and published by CNA THE Bhumjaithai-led coalition government will spend 10 billion baht ($307 million) to buy bad debt this month, the Finance Minister said today (Oct. 9), as part of its plans to revive its sluggish economy. Thailand’s stubbornly high levels of household debt have shackled the economy for several years, […]
Read MoreCabinet nod for issuing 5bn baht digital tokens as new fundraising channel
THE Cabinet today (May 13) approved the issuing of 5 billion baht worth of “Thailand Digital Tokens” as an alternative fundraising channel for the government with this to be available for investors in one to two months’ time, Amarin TV said. Deputy Prime Minister/Finance Minister Pichai Chunhavajira said those investing in these tokens will […]
Read MoreWeekend fair to help debtors resolve problems
A FAIR launched by the Justice Ministry to accelerate debt settlement is taking place this weekend as total household debt has now reached over 16 trillion baht or more than 90% of the Gross National Product (GDP), Naewna newspaper said late afternoon today (Dec. 21). Justice Minister Thawee Sodsong presided over the opening of […]
Read MoreDejpon praised for clearing Sheffield Wednesday’s debt
By Thai Newsroom Reporters DEJPON CHANSIRI, the Thai owner of Sheffield Wednesday football club, has begun to win praise and support from local fans whilst desperately seeking co-investment for the English Championship side. Until recently, Dejpon had been viewed by those fans as an “utterly unfit” owner of the Owls and intermittently encountered “Chansiri […]
Read MoreAnti-loan sharks campaign means no waiver of debt
By Thai Newsroom Reporters THE PHEU THAI-LED GOVERNMENT’S all-out campaign against illicit, informal money lending will by no means result in any waiver of debt but will foster compromise and negotiations between loan sharks and those who currently owe them, according to Deputy Prime Minister-cum-Interior Minister Anutin Charnvirakul. Anutin pointed out today (Dec.1) that […]
Read More2.69 million farmers given one-year debt moratorium
By Thai Newsroom Reporters OVER 2.69 MILLION FARMERS currently indebted to the Bank for Agriculture & Agricultural Cooperatives have been granted a one-year moratorium, according to government spokesman Chai Wacharong. The cabinet today (Sep.26) approved the government’s measure to grant the one-year moratorium effective between Oct. 1, 2023 and Sep. 30, 2024 for more […]
Read MoreSkytrain staff threaten to stop running trains if 50 billion baht debt not repaid
EMPLOYEES of Bangkok Mass Transit System Plc (BTSC), operator of BTS skytrain, submitted a letter to Prime Minister Prayut Chan-o-cha at Government House this morning (Mar. 14) calling for repayment of debts mounted in the Green Line extension that have now almost reached 50 billion baht setting a seven-day deadline to do so if […]
Read MoreDebt collectors attack hospitalised patient, steal his car
A MAN undergoing treatment at a hospital in Chonburi was attacked by four debt collectors who barged into his room and after roughing him up grabbed his car key and drove the vehicle away from the car park, Matichon newspaper said today (Dec. 2). Police arrested a suspect, Mr. Witsarut Permwattana, or Ball, 27, […]
Read MoreDebt collector who brutally beat up young woman arrested
AFTER a video clip of a debt collector violently beating up a young woman who failed to pay up went viral on social media Nakhon Ratchasima (Korat) provincial police last evening (May 24) arrested and filed three charges against him, Naewna newspaper said. In the video clip the debt collector, Mr. Supachai (surname withheld), or […]
Read MoreBrutal debt collectors slash man’s head over small loan
A MAN who borrowed 5,000 baht from a loan shark for a female friend who had to repay it with 20 percent interest at 250 baht a day for 24 days was slashed on his head twice by debt collectors after she missed two instalments, TV Channel 7 said today (Mar. 13) The unidentified […]
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