debt
- Thailand News
Thai father brutally assaulted over 10,000 baht debt of son’s girlfriend
A Thai man suffered injuries from a brutal assault by a group of men outside his home in the Si Racha district of Chon Buri province. Among the man’s attackers was the father-in-law of his son’s wife, who reportedly owed 10,000 baht to her ex-husband. The Thai couple, Aujcharee and Decha, sought help from the non-profit organisation Saimai Survive after…
- Business News
Thailand’s household debt set to decline faster than expected
The Bank of Thailand is optimistic as the nation’s household debt-to-GDP ratio is projected to fall more swiftly than previously anticipated. This promising outlook is driven by ongoing debt reduction strategies and the introduction of a new debt relief programme. According to the central bank’s latest financial stability report for 2024, there’s a noticeable drop in the household debt-to-GDP ratio,…
- Crime News
Thai company accused of 3 billion baht condo scam
A financial scandal involving a company accused of deceiving people into buying condominiums has left victims in debt amounting to 3 billion baht. Pavena Hongsakul, chairperson of the Pavena Foundation for Children and Women, accompanied 70 victims to submit a formal request for investigation to the Department of Special Investigation (DSI) yesterday, December 10. The victims, representing over 200 affected…
- Thailand News
Man busted in UK smuggling cannabis from Thailand to clear debt
A down-and-out drug mule took a gamble to clear his debt to his own mother – and lost big-time at Manchester Airport. Dean Pharoah, who owed cash to his mum, tried to smuggle over £200,000 (approximately 8 million baht) worth of cannabis into the UK after a holiday in Thailand. But UK Border Force officers had their suspicions and swooped…
- Economy News
Thai public debt remains under 70% of GDP despite borrowing
Thailand’s public debt remains within manageable levels, according to the Public Debt Management Office (PDMO), despite recent borrowing for fiscal 2024. Jindarat Viriyataveekul, a public debt advisor for the PDMO, confirmed that the debt level has not surpassed the critical threshold of 70% of GDP. “The level is still within this limit, even though the government borrowed an additional 145…
- Thailand News
Thai man denies rape attempt in Chon Buri, claims erectile dysfunction
A Thai man in Chon Buri admitted to physically assaulting a victim over a 100,000 baht debt but denied attempting to rape the victim’s wife, who is eight months pregnant, claiming he suffers from erectile dysfunction. The Thai victims sought help from news agencies following the brutal attack and alleged attempted rape by a 46 year old vintage shirt vendor…
- Thailand News
Rural Roads demands BMA pave the way with late 197.9m baht fee
The Rural Roads Department urged the Bangkok Metropolitan Administration (BMA) to settle an outstanding payment of 197.9 million baht in land lease fees. These fees cover the use of three specific areas, including a portion of Ratchaphruek Road, and for the construction of two electric railway lines. Pichit Hoonsiri, the department’s deputy director-general, mentioned that the department sent a formal…
- Thailand News
Thai woman surrenders to police after slitting debtor’s throat
A Thai woman turned herself in after slitting the throat of a female debtor during a funeral at a temple in the southern province of Songkhla yesterday. The shocking attack occurred in front of many locals attending the funeral at Jating Phra Temple in the Sathing Phra district of Songkhla at about 12.15am on Sunday, October 20. The victim was…
- Thailand News
Nok Air takes off again: Ready to ‘baht’ back in business
Nok Air is plotting a major comeback, with a 5 billion baht cash injection on the cards for 2025. The Thai low-cost airline, which entered business rehabilitation in 2021, is now eyeing an exit in 2026, as CEO Wutthiphum Jurangkool outlines a path to financial recovery. In an interview with Bangkok Business, Wutthiphum revealed the funds will be used to…
- Thailand News
Agriculture minister vows to expedite debt relief for farmers
Ekaphap Phonsue, spokesperson for the Ministry of Agriculture and Cooperatives, revealed that Saikrai Pimbueng, a committee member and secretary of the Farmers’ Rehabilitation and Development Fund (FRDF), recently met with Narumon Pinyosinwat, the Minister of Agriculture. The meeting aimed to discuss policies and actions concerning Thai farmers’ issues. Saikrai detailed that since 2019, the previous government had considered restructuring farmers’…
- Thailand News
Recipients can use 10,000-baht handout to clear debts: Deputy PM
Recipients of the 10,000-baht handout are free to use the money as they see fit, including paying off debts, according to Deputy Prime Minister Phumtham Wechayachai. Phumtham addressed reports that many eligible individuals in the first phase of the scheme, which began yesterday, September 26, plan to use the funds to clear their debts. “They can use the money [to…
- Business News
Thailand to borrow 2.59 trillion baht for 2025 budget
The Government of Thailand announced a borrowing plan of 2.59 trillion baht for the 2025 fiscal year, assuring that this will not hinder the private sector’s fundraising efforts, a Ministry of Finance official stated yesterday. Jindarat Viriyataveekul, public debt adviser at the ministry, said the debt plan, which begins on October 1, should not cause concern in the markets. She…
- Thailand News
Thai YouTuber harassed by fan seeking 150,000 baht
A famous Thai social media influencer and YouTuber exposed the harassing behaviour of a female fan who demanded 150,000 baht from her to pay off a debt. After the revelation, the fan threatened to sue the influencer for violating personal information laws. The influencer, 30 year old Varaporn “Bew” Piyanantasomdee, took to her social media accounts to reveal that the…
- Thailand News
Pathum Thani abbot agrees to repay 10 million baht debt
A resolution has been reached after a late-night investigation led by the local ecclesiastical head. The abbot of Wat Phuet Udom, who borrowed nearly 10 million baht, has agreed to settle the debt. A 57 year old woman claimed that the abbot of Wat Phuet Udom in the Klong 13, Phuet Udom subdistrict, Lam Luk Ka district, Pathum Thani province,…
- Thailand News
Woman’s temple ‘donation’ sparks 9.2 million baht-tling dispute
A Thai woman demanded the repayment of 9.2 million baht from the abbot of Phuet Udon Temple in Pathum Thani Province. However, the monk has maintained that the woman had donated the money to the temple voluntarily. The 57 year old woman, Kritsana, sought the assistance of non-profit organisation Saimai Survive to explore her legal options regarding the possibility of…
- Thailand News
Bangkok faces 11.75 billion baht Green Line debt crisis
The Bangkok Metropolitan Administration (BMA) and its business arm, Krungthep Thanakom (KT), are urgently reviewing a National Anti-Corruption Commission (NACC) ruling before they settle a colossal 11.75 billion baht debt owed to the Bangkok Mass Transit System (BTSC). This follows a Supreme Administrative Court order on July 26, which gave BMA and KT just 180 days to pay up. The…
- Thailand News
Khon Kaen kidnap caper: Daughter’s scam to call home for cash
A Thai couple in the Isaan province of Khon Kaen sought police help, believing their daughter had been kidnapped by a call centre scam gang for ransom. However, the woman later confessed to staging the kidnapping to extort money from her parents to pay off her debt. The couple, 51 year old Kittima and his wife, filed a complaint with…
- Bangkok News
Bangkok requests extension to settle BTS Skytrain debt
Bangkok Governor Chadchart Sittipunt announced yesterday that the city will require additional time to address its substantial debt owed to Bangkok Mass Transit System Plc (BTSC), the operator of the BTS Skytrain. The debt, amounting to billions of baht, was accumulated through hiring BTSC to manage the electric train service on two extended sections of the BTS, known as the…
- Crime News
Man shot over 10,000 baht debt near Chon Buri petrol station
A gang of brutal money lenders shot a 34 year old man after he failed to repay a debt of 10,000 baht. The incident occurred last night at 8.30pm near a PTT petrol station on the Chon Buri-Pattaya bypass road in Ban Suan, Mueang district, Chon Buri. Responding to the scene, police and rescue workers found shell casings and a…
- Thailand News
BTSC demands 40 billion baht Green Line overdue debt payment
The Bangkok Mass Transit System (BTSC) declared itself ready to negotiate with the Bangkok Metropolitan Administration (BMA) and Krungthep Thanakom (KT) over the staggering debt tied to the BTS Green Line extensions. This comes hot on the heels of a Supreme Administrative Court ruling on July 26, giving both parties a 180-day deadline to cough up nearly 12 billion baht…
- 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…
- Thailand News
Vietnamese men engage in brawl in Pattaya over debt
A brawl between foreign tourists erupted in Pattaya yesterday afternoon shocking bystanders in the vicinity. The confrontation, which left one man injured, unfolded in front of stunned locals and visitors near a popular restaurant on South Pattaya Road. The chaos erupted outside a food-to-order restaurant when a group of men began attacking 38 year old Vietnamese national Xuan Hai Ngo…
- Thailand News
Buriram woman faces home seizure after co-signing a car loan
A woman in Buriram has pleaded for help after receiving a home seizure court order due to unpaid car loan instalments by a close friend she’d been a guarantor for. A general labourer, 32 year old Pacharinporn co-signed for her friend Pu (a pseudonym) to buy a new pickup truck in 2019. Pu’s now-deceased ex-husband was the primary guarantor, with…
- 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…
- Thailand News
Decline in family income threatens Thai children’s education
The average monthly income of Thailand’s very poor families has plummeted, placing children’s education in jeopardy. According to the Equitable Education Fund (EEF), these families’ earnings dropped to a mere 1,039 baht per month in 2023, down from 1,077 baht in 2020. This translates to a daily income of just 34 baht—far below the World Bank’s poverty line of 80…
- Thailand News
Elderly man 20 million baht in debt after employer’s deception
An elderly man faces destitution after being deceived by his employer, leading to a debt of 20 million baht and the seizure of his elderly pension, leaving him with no money for food. A member of the local administrative organisation, 46 year old Phongchai reported that a local had been entangled in a bankruptcy case, resulting in a debt of…
- 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…
- Thailand News
Thai government cracks down on illegal loans
Illegal lenders have been given a final ultimatum: Register with the Thai government’s debt settlement programme by May 31 or face severe consequences. Deputy Interior Minister Chada Thaised announced this stern warning yesterday, emphasising that this crackdown on illicit lending is a top priority for Prime Minister Srettha Thavisin’s administration. Despite the Interior Ministry’s success in bringing over 100,000 illegal…
- Guides
How to manage debt in Thailand?
Dealing with debt in Thailand can be challenging due to language barriers, cultural differences, and the country’s complex legal system. Whether you’re a local business owner or an international creditor, understanding the laws and strategies for debt recovery is crucial. This guide provides practical steps to address debt issues, from pre-litigation strategies to the benefits of working with debt collection…
