Nearly 100,000 people indebted to loan sharks
By Thai Newsroom Reporters NEARLY 100,000 PEOPLE have been officially listed so far to owe debt to loan sharks nationwide, according to the Ministry of Interior’s undersecretary Sutthipong Chulcharoen. Since the beginning of this month, a total of 98,667 people have so far informed the authorities either in person or online as being currently […]
Read More71,000 people found so far to have 3.5 billion baht in debt to loan sharks
By Thai Newsroom Reporters AS MANY AS 71,000 people nationwide have been found so far to have a combined sum of 3.5 billion baht in illicit, informal debt owed to loan sharks, according to Prime Minister Srettha Thavisin. Presiding over today’s (Dec.8) official kick-off of the Pheu Thai-led government’s anti-loan sharks campaign, the prime […]
Read MoreMany more people tipped to report loan shark debts
By Thai Newsroom Reporters MANY MORE PEOPLE in all parts of the country are ultimately expected to inform government officials of debt which they may owe to loan sharks sooner than later, said Deputy Prime Minister-cum-Interior Minister Anutin Charnvirakul today (Dec.4). Only about 40,000 people throughout the country have so far notified the authorities […]
Read More22,000 people claim carrying loan shark debts in single day
By Thai Newsroom Reporters AS MANY AS 22,000 PEOPLE nationwide have individually claimed in a single day to be owing illicit debt to loan sharks, Sutthipong Juljaroen, undersecretary of interior, confirmed today (Dec.2). A total of about 22,090 people from all regions of the country yesterday notified the authorities of the illicit, informal debt […]
Read MorePheu Thai-led govt alleged of pushing mutually contradictory populist campaigns
By Thai Newsroom Reporters THE PHEU THAI-LED GOVERNMENT is putting forward mutually contradictory populist campaigns which will immensely increase public debt and compromise their financial and treasury disciplines, said an opposition MP today (Nov.30). Move Forward MP Nattapong Ruangpanyawudhi said the Pheu Thai-led coalition government plans to borrow a sum of 500 billion baht […]
Read MorePM declares war against loan sharks
By Thai Newsroom Reporters PRIME MINISTER SRETTHA Thavisin today (Nov.28) declared war on loan sharks and vowed to salvage the people who may currently owe debt to them. Calling informal, illicit loans the masters of “Modern World Slavery”, the prime minister said the people nationwide are believed to have a combined sum of no […]
Read MoreOnline loan shark scammers nabbed in Bangkok, nine provinces
By Thai Newsroom Reporters A GROUP OF SUSPECTED loan shark racketeers has been rounded up in Bangkok and nine provinces, police said today (Nov.15). Central Investigation Bureau Commissioner Pol.Lt.Gen. Jirabhop Bhuridej announced a total of 13 suspected online scammers providing illegal loans with skyrocketing interest rates have been separately arrested by the police in […]
Read MoreAuction company gears up for jump in seized vehicles amid spike in defaults
AMID a spike in non-performing loans (NPLs) and risky debts with this likely leading to an increase in seized vehicles Union Auction Plc (AUCT) has now joined hands with garages to increase their lots to cope with the upcoming influx, Matichon newspaper said this evening (June 28). Mr. Waranyu Sila, AUCT’s CEO, said despite […]
Read MoreGovt readies 150 billion baht loan guarantee for oil fund
By Reuters and published by CNA THE cabinet today (August 16) approved a law to guarantee up to 150 billion baht in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and local media reports. The measure still has to be examined by […]
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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