Search Results for: debt
- Thailand video news
Thailand Video News | Six Vietnamese nationals found dead in Bangkok hotel in suspected murder-suicide linked to 10 million baht debt, Chinese influencer murder suspect arrested in Macau
In Thailand Video News, Jay and Alex share more details about the six Vietnamese nationals who were found dead in a Bangkok hotel, that are now suspected of being involved in a murder suicide linked to a 10 million baht debt. A suspect who allegedly murdered Chinese influencer Yan Ruimin has been arrested in Macau. A 64-year-old woman in Krabi…
- Thailand News
Murder-suicide: 6 Vietnamese deaths linked to 10 million baht debt
Following the suspicious deaths of six Vietnamese nationals at a hotel in Bangkok, Thai police discovered that one of the deceased, a Vietnamese-American woman, allegedly poisoned her friends before committing suicide with the toxin over a 10 million baht debt. The Metropolitan Police Bureau of Thailand revealed more details of the case in a press conference, today, July 17, following…
- Business News
Thailand tackles household debt crisis, slow economic recovery
The Economic Cabinet directed the Finance Ministry and the Bank of Thailand (BoT) to quickly address household debt issues, focusing on bad debts in housing, cars, motorcycles, credit cards, and student loans, amid an economy still showing sluggish recovery signs. Finance Minister Pichai Chunhavajira, after the economic ministers’ meeting chaired by Prime Minister Srettha Thavisin, stated that the premier instructed…
- Business News
Thai woman’s 307,000 baht debt sparks social media advice
A woman’s struggle with debt totalling 307,000 baht recently gained significant attention on social media. Earning 22,000 baht per month, she allocates 6,000 baht for rent and 3,000 baht for motorcycle loan payments. The debt, arising from six unsecured loans including credit cards and personal loans, spans multiple financial institutions. Details on monthly instalments, interest rates, or the status of…
- Business News
Thailand vehicle sales plummet 24% as debt pressures rise
Thailand’s vehicle market faces a challenging 2024 as initial optimism fades amid weaker-than-expected sales and increasing debt pressures. Vehicle sales in Thailand declined sharply by 24% year-on-year in the first four months, totalling only 46,738 units, according to the Asean Automotive Federation (Asean Autofed). This marks a significant drop from the 59,530 units sold during the same period in 2023.…
- Bangkok News
Bangkok woman falls to death from condo amid debt struggle
A 37 year old executive secretary tragically fell to her death from the 14th floor of a condominium in the Bang Sue area. Police initiated an investigation, with initial reports suggesting the woman suffered from severe depression. Police received a report of a woman falling to her death at a condominium in Bang Sue, Bangkok, early today, July 10, at…
- Thailand News
Revised debt management plan pushes borrowing to 1.03t baht
The Thai Cabinet approved a revised public debt management plan for the 2024 fiscal year, incorporating an additional 275.87 billion baht in borrowing. Of this, 269 billion baht is designated for direct government use and lending to state enterprises for debt restructuring. According to Deputy government spokesperson Rudklao Suwankiri, this revision increases the total new borrowing for the current fiscal…
- Crime News
Pattaya ladyboy tricks woman into prostitution with fake debt claim
A Thai ladyboy and her gang members tricked a woman in Pattaya into prostitution, claiming she had a 120,000 baht debt and had to sell sex to repay it. The victim, 22 year old A, shared a video of when the 21 year old ladyboy, Kae, and her gang brutally assaulted her outside her Pattaya condo on June 22. She…
- Thailand News
Man’s desperate plea for debt repayment of nearly 1 million baht
At the Mahachakrapad intersection in Chachoengsao yesterday, a man driven by desperation stood on a bridge with a sign pleading for the repayment of nearly one million baht, borrowed by a friend. This friend not only refuses to repay the debt but has also threatened legal action against him. The man displayed two handwritten signs addressed to the woman. “Dear…
- Business News
Finance Ministry to fast-track NPL debtor blocklist removal
The Finance Ministry is set to engage in discussions with the Bank of Thailand and the National Credit Bureau (NCB) to address the issue of non-performing loans (NPLs) caused by the Covid-19 pandemic, specifically targeting Code 21 debtors. The aim is to expedite the removal of these debtors from the bureau’s blocklist, enabling quicker access to credit. Deputy Finance Minister…
- Thailand News
Thai couple tricked into affair and left in 500,000 baht debt
A Thai couple in the Isaan province of Nong Khai is seeking justice, accusing a former school director of tricking them into a seedy polygamous relationship which left them with a 500,000 baht debt. The 58 year old woman, Sarinya Worrarat, turned to the Ban Dung Update, Facebook page for assistance after losing both her home and savings due to…
- Crime News
Police arrest debt collector with firearms and drugs in Bangkok
Police apprehended a debt collector and seized two firearms along with quantities of ketamine and methamphetamine. Following an undercover operation, police arrested Somchai, also known as Am, and charged him with multiple offences. Officers from Romklao Police Police Station, led by Kiattikul Sonthinen, yesterday collaborated with Somphot Thongmun and Kornwararat Promsawan to arrest the 39 year old Somchai. The arrest took…
- Thailand News
Deadly debt dispute: Burmese man shot at Khon Kaen hospital
A gunman shot dead a Burmese man last night while the victim was receiving treatment and awaiting surgery at Khon Kaen Hospital in Isaan. The suspected motive behind the murder is believed to be related to debt. The fatal shooting occurred in a male ward on the fifth floor of a building at Khon Kaen Hospital around 11pm last night,…
- Business News
Thailand predicts 2.7% growth amid slow export recovery, high debt
Thailand’s economy is experiencing a gradual recovery, with projected growth of between 2.2% and 2.7% this year, according to a recent announcement by a prominent joint business consortium. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), which includes key stakeholders from these sectors, has maintained its previous growth forecast. Exports, a crucial component of Thailand’s economic engine, are…
- Business News
Minister proposes shorter blacklist period for bad debtors
Finance Minister Pichai Chunhavajira proposed reducing the time period for which bad debtors remain on the National Credit Bureau’s blacklist, aiming to facilitate quicker access to new borrowing opportunities. While speaking at a signing ceremony for the establishment of ARI-AMC, a joint venture between the Government Savings Bank (GSB) and Bangkok Commercial Asset Management Plc (BAM), Pichai noted that the…
- Thailand News
Mother faces 2.6 million baht debt from 10,000 baht loan
A mother who borrowed 10,000 baht to pay her child’s school fees 12 years ago is now struggling under a crippling debt of 2.6 million baht in interest. The mother, who initially took out the loan when her child was in primary school, is now seeking help from a popular Facebook page, Survive – Sai Mai Must Survive, to resolve…
- Crime News
Two caught for luxury home burglaries in Songkhla to pay off debts
Two professional thieves were apprehended after burglarising three luxury homes in a single night, stealing valuable amulets and a Rolex watch. The duo had previously been involved with others in an armed robbery and admitted to the recent burglaries as a means to pay off debts from bail money borrowed from a friend. The arrests were made by a team…
- Guides
Navigate debt guide: Laws and strategies for financial recovery
Navigating through debt in Thailand presents a considerable challenge, particularly when confronted with language barriers, cultural nuances, and the complexities of its legal framework. For individuals seeking to address financial difficulties, acquiring a comprehensive understanding of the effective strategies for debt recovery within this Southeast Asian country is imperative. With proper guidance, not only is surmounting debt achievable, but it…
- Business News
Thai banks reduce loan rates to alleviate customer debt
The four biggest banks in the country have all declared a drop in their loan interest rates. This decision by Bangkok Bank (BBL), Krungthai Bank (KTB), Kasikornbank (KBank), and Siam Commercial Bank (SCB) is a response to the prime minister’s call to lessen loan rates to help ease the debt pressure on susceptible customers. An anonymous banking sector analyst opines…
- Thailand News
Debt woes: Woman found dead in pond in Nong Bua Lamphu
A 57 year old woman was found dead in a pond in Nong Bua Lamphu province, following a period of severe stress due to her tenants failing to pay three months’ worth of rent. Children playing nearby initially spotted the body floating in the water and alerted adults yesterday. The deceased, later identified as Sumalee, had expressed to her mother…
- Thailand News
Government’s debt hike prompts caution from agencies
Ratings agencies issued cautionary statements following the surprise decision this week by the government to increase its debt in a bid to stimulate the economy. The move, which may compromise the government’s fiscal consolidation efforts, is likely to stimulate short-term growth. The medium-term budget plan was revised by the Cabinet on Tuesday, causing a rise in the deficit next fiscal…
- Thailand News
Bangkok repays 2.3 billion baht in debt owed to BTS Skytrain
Bangkok Governor Chadchart Sittipunt announced yesterday that the Bangkok Metropolitan Administration (BMA) had repaid its 2.3 billion baht in debt to the Bangkok Mass Transit System, commonly known as the BTS. It is hoped that this debt repayment will give the private sector confidence to invest in future projects with the BMA. The debt owed by BMA to the BTS…
- Thailand News
Thai comedian’s monkhood plans pickled in debt controversy
Controversy has erupted around a Thai comedian as he prepares to enter monkhood amid a storm of online criticism and debt claims from a pickled crab seller. The comedian’s decision to ordain follows a public dispute over unpaid debts, which has led to widespread condemnation from netizens and creditors alike. The drama unfolded on the popular talk show Hone Krasae,…
- Thailand News
Srettha pledges to address Thai civil servant debt issue
Addressing the debt crisis affecting nearly three million Thai civil servants, Prime Minister Srettha Thavisin pledged to address the issue accordingly. The government’s focus is on reducing interest rates to alleviate the financial burden. PM Srettha spoke of the positive progress made in the last two months following a meeting with 11 state agency chiefs who are working towards solving…
- Thailand News
Water assault over 200,000 baht debt injures elderly in Nonthaburi
A high-pressure water assault on a wheelchair-bound woman and her 82 year old mother has led to a heated dispute over unpaid debt in Nonthaburi, Thailand. Yesterday, a 41 year old woman, Jittrathiwat, reported being attacked by Jeab, the sister of debtor Duangkamol, during a confrontation at a beauty salon the previous evening. Jittrathiwat recounted that she had been pushing…
- Thailand News
Desperate Thai fruit seller offers eye for sale to clear debt
A poignant image of a 57 year old Thai fruit seller in Bangkok has stirred waves across the Internet after he pledged to donate one of his eyes to resolve his financial woes. The heartrending scene, initially shared by the Facebook Page Panda Lab Doctor, depicts the man selling fruits with a placard bearing the urgent message: “Eye for Sale.”…
- Thailand News
Thai govt’s debt settlement programme attracts over 150,000
The Thai government’s debt settlement programme has attracted over 150,000 registrations, totalling informal debts of nearly 12 billion baht (US$337 million), the Interior Ministry reported. So far, the initiative has facilitated the settlement of over 771 million baht (US$22 million) in debt for 18,509 individuals. The registration window spanned from December 1 to February 29. Suttipong Juljarern, the permanent secretary…
- Thailand News
Street vendor’s phone stolen in Thailand, thwarting debt freedom dreams
A street vendor’s hopes of eradicating debt through her ice cream sales were dashed when a cunning thief took advantage of her momentary distraction to steal her mobile phone and escape on a motorcycle. Tevi Chaihongsa, a 60 year old vendor known for her Pai Thong Ice Cream, reported to the Pratunam Chulalongkorn Police Station in Pathum Thani Province to…
- Thailand News
Thai businesswoman forgives debts, returns land in Chumphon
A Thai businesswoman captured hearts by forgiving debts and returning land titles to two of her debtors without demanding repayment. A 37 year old woman has demonstrated an extraordinary act of kindness in Chumphon province, amidst the financial struggles brought on by the Covid-19 pandemic. Onanong Kanpat, known as Nong On, who runs a business trading business in fresh kratom leaves,…
- Thailand News
Thai police officers face bankruptcy with debt over 300 billion baht
Police General Torsak Sukvimol has indicated that a multitude of law enforcement officers across Thailand are facing impending bankruptcy due to an accumulated debt totalling around 300 billion baht. This revelation came about during his interaction with the House committee tasked with reviewing the 2024 annual budget expenditure bill. Pol. Gen. Torsak was summoned to respond to inquiries concerning the…
