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  • Hot News

    Thai woman accuses couple of forcing her to have threesome in exchange for debt forgiveness

    A woman contacted police after she says a couple forced her to have a threesome with them in exchange for forgiving a 500,000 baht debt. But, the husband of the couple says the woman was actually having an affair with his wife. The 32-year-old woman’s lawyer took her to the complaint centre at the Central Investigation Bureau to seek legal…

  • Bangkok

    40 million baht illegal online lending operation busted

    An illegal lending business that raked in over 40 million baht in just 3 months by gouging people in desperate financial need with high-interest rates has been broken up. A Chinese man was arrested in Bangkok for running the loan shark operation online. The man identified by the Metropolitan Police Bureau as Jia Liew was arrested in Huai Khwang in…

  • Bangkok

    52 people in Bangkok arrested for alleged involvement in illegal loan operation

    Thai immigration police arrested 52 people who were allegedly involved in an illegal loan shark operation using a smartphone application called “Speedwallet” to provide loans with interest rates higher than the legal limit. Police had received complaints from several of the application’s customers. Speedwallet provided loans of 5,000 baht to 20,000 baht and collected interest rates of 12% to 15%…

  • Crime

    Panthongtae Shinawatra is a free man after AG decides not to appeal acquittal

    Panthongtae “Oak” Shinawatra, son of former PM Thaksin Shinawatra, is a free man, after Thailand’s Attorney General decided to not appeal against his acquittal for alleged money laundering. He was charged by the Department of Special Investigations after 10 million baht was deposited into his bank account by an executive of the Krisdamahanakorn Group of real estate companies, which was…

  • Economy

    PM assures MPs that government knows how to handle trillion baht loan

    “Don’t worry, we got this…” Following the Finance Ministry’s securing of a trillion baht loan, PM Prayut Chan-o-cha spoke up to address concerns over how the funds will be administered. Answering questions raised by opposition parties, the PM said the government has clear rules in place on how the funds will be distributed, with the priority being small and medium…

  • Transport

    Thai public balks at Thai Airways’ 60 billion bail out

    A big decision is on the horizon for Thai Airways, the beleaguered national carrier. Crucial decisions are now being discussed which will define the airlines’ future. The airline was still haemorrhaging cash well before the coronavirus crisis started grounding planes from the start of February this year. Thai Airways’ fortunes have been in a death spiral for the past decade,…

  • Economy

    Thai Airways gets another lifeline from the government

    Thai Airways is finally getting a reprieve, after years of financial woes and corporate drama. The struggling national carrier is getting a lifeline in the form of a bailout loan. Finance permanent secretary Prasong Poontaneat made the announcement yesterday, after a meeting chaired by PM Prayut Chan-o-cha. The State Enterprise Policy Committee meeting approved “in principle” the proposal to rehabilitate…

  • Coronavirus Thailand

    Thai airlines have their hands out for an extra 8.8 billion baht

    The Cabinet approved loans totalling 16 billion bath on March 26 for 7 Thai airlines who had endured a negative impact, or a complete collapse, from the Covid-19 pandemic. Yesterday reports out of the aviation industry say that the number of airlines looking for government aid for low-interest loans is now up to 24.15 billion baht. A total of 8…