Debt stress leads to lingerie vendor committing suicide at market stall
A LINGERIE vendor stressed out over financial problems which she blamed on the slow economy hanged herself at her stall in a Trang City market today (Jan. 27), Naewna newspaper and Amarin TV said. At around 12.30 p.m. Pol. Lt. Col. Taweesak Rodrak, the investigating officer at Trang City police station, was alerted of […]
Read MoreCivil servant sets self on fire over loan shark debts
A STRESSED-OUT community developer in Mae Hong Son set herself on fire in front of Mae Sariang district office this afternoon (Apr. 19) after loan sharks evicted her from her house and land to clear debts, Naewna newspaper said. The civil servant, Ms. Kanya (surname withheld), 58, had asked a reporter to meet her […]
Read MoreArmy, navy urged to stop deducting over 30% of indebted soldiers’ salary
By Thai Newsroom Reporters THE ARMY AND NAVY were today (Oct. 12) repeatedly called on to stop deducting more than 30% of the salary of low-ranking servicemen to repay part of their debt owed to army or navy savings cooperatives. House Armed Services Committee Chair Wiroj Lakkhanaadisorn, a People’s Party MP, said it is […]
Read More10,000-baht grant for farmers not deductible from BAAC loans
By Thai Newsroom Reporters A SUM OF 10,000 BAHT in grant for each farmer will be provided in full and non-deductible to debt which they may owe to the Bank for Agriculture & Agricultural Cooperatives (BAAC), confirmed Deputy Finance Minister Julapun Amornvivat today (Sep. 25). Under the Pheu Thai-initiated populist handout campaign, those farmers […]
Read MoreWoman stressed out about debts jumps to her death
A WOMAN who was stressed out about debts and pressured by her creditors to pay up everyday jumped to her death at a high-rise building downtown Bangkok with her body only found 12 hours later today (Mar. 31), TV Channel 7 said. Pol. Lt. Col. Siriphong Lapanich, an inspector at Thong Lor police station, […]
Read MoreDeadline set for reporting loan shark debts
By Thai Newsroom Reporters PEOPLE WHO MAY OWE debt to loan sharks but have not yet reported it to the authorities were today (Feb.11) encouraged to do so until the end of this month. The Ministry of Interior’s undersecretary Sutthipong Chulcharoen recommended those who may still have their illicit debt unsettled and unreported promptly […]
Read MoreGSB provides soft loans to settle illicit debt
By Thai Newsroom Reporters THE GOVERNMENT SAVINGS BANK is offering soft loans which people can use for settlement of illicit debt but not for refinancing of their bank debt. The GSB is providing a maximum of 50,000 baht in soft loans with a maximum of five years in repayment term for customers who may […]
Read MoreMany thousands so far assisted under anti-loan sharks campaign
By Thai Newsroom Reporters MANY THOUSANDS OF PEOPLE owing illicit debt have been so far successfully assisted under the government’s anti-loan sharks campaign, the Ministry of Interior’s undersecretary Sutthipong Chulcharoen confirmed today (Jan.26). Of a total of 15,005 illicitly indebted people who have so far filed with the authorities in all provinces of the […]
Read More‘Debt Settlement Market’ now extended to district level nationwide
By Thai Newsroom Reporters The GOVERNMENT’S “DEBT Settlement Market” campaign for people indebted to unlawful money lenders is being extended from provincial to district level nationwide. Interior Ministry Undersecretary Sutthipong Chulcharoen confirmed today (Jan.16) that the “Debt Settlement Market” which formally kicked off in all provinces on Sunday is now branching out to all […]
Read More‘Debt Settlement Market’ kicks off in all provinces
By Thai Newsroom Reporters THE GOVERNMENT-RUN “Debt Settlement Market” kicked off today (Jan.14) for people illicitly indebted to loan sharks in all provinces nationwide. The “Debt Settlement Market” is a venue set up in each of the country’s 77 provinces for the people to find ways and means to settle their informal debt owed […]
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