debt
- 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…
- Thailand News
Thailand’s public debt remains sustainable at 64% of GDP
The recent Cabinet meeting focused on the nation’s public debt status, revealing it remains well within sustainable limits. Public debt as of August reached 11.7 trillion baht, accounting for 64% of the country’s GDP, comfortably below the 70% benchmark for fiscal sustainability. Government spokesperson Jirayu Houngsub detailed during the meeting that the Finance Ministry adhered strictly to the public debt…
- 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
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…
- Crime News
Woman attacks debtor at funeral in Songkhla, victim critical
A woman attacked a debtor at a funeral with a knife, seriously injuring her, then fled the scene. The incident occurred yesterday at Wat Ja Ting Phra, Sathing Phra district, Songkhla province. The victim, 36 year old Wilaiwan, remains in critical condition at Songkhla Hospital. The assailant, 58 year old Sawai, later surrendered to the local police. Witnesses reported that…
- 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
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…
- Crime News
Woman tricked into 10 million baht debt after friend’s betrayal
A 41 year old woman devastated by the betrayal of a close acquaintance has found herself burdened with over 10 million baht in debt after her personal information was used to secure loans. She appeals to the police for justice and help. Krisyaniporn, from Sankhaburi in Chai Nat province, tearfully recounted her ordeal. She explained that a woman named Mat,…
- 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
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
Foundation urges more funds to aid Thai debtors’ repayments
The Supha Wongsena Foundation For Debtors’ Rights Reform has called on the government to allocate more funds to the Land Bank Administration Institute to assist individuals in repaying their debts. This appeal was made during a seminar aimed at finding solutions to household debt, organised by the Department of Special Investigation (DSI) at the DSI Academy in Nong Chok district…
- 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…
- 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…
- Thailand News
Bangkok ordered to pay over 12 billion baht to BTS within 180 days
The Supreme Administrative Court upheld a ruling requiring Bangkok Metropolitan Administration (BMA) and Krungthep Thanakom Company to pay BTS Group Holdings over 12 billion baht in outstanding debts related to the Green Line extension project within 180 days. The Supreme Administrative Court delivered its final verdict at 9am today, July 26, affirming the Central Administrative Court’s decision. The BMA and…
- 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
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
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…
- 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…
- 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
Rent rage: Thai woman fries trio with hot oil over 8,000 baht
A Thai woman attacked two women and a two year old girl with scalding hot cooking oil over an unpaid rent bill of 8,000 baht. The victims sought help from the Paveena Foundation for Women and Children with their medical treatment and to ensure the attacker faced justice. The victims revealed that the attacker tried to convince them to drop…
- 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…
- 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…
