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Three-quarters of Bangkokians in debt

The Thaiger & The Nation

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Three-quarters of Bangkokians in debt | The Thaiger

An estimated 77.5 per cent of Bangkokians are in debt and 53 per cent admit to have fallen behind in repayments. This, from a survey by Bansomdej Poll in collaboration with the Foundation for Consumers (FFC)’s Chaladsue (Smart Buyer) magazine.

The poll of 1,171 people conducted between August 24-28 this year found that out of the indebted respondents (most of whom had debts even before this year), 37.6 per cent were in debt for housing, followed by car payments (28.2 per cent), loans with illegal money-lenders (18.8 per cent) and loans with banks (17 per cent).

The three most-cited loan sources were commercial banks (36.4 per cent), finance/leasing companies (16.7 per cent) and loan sharks (15.3 per cent).

About 40 per cent of the indebted respondents owed under 100,000 baht, while 30.6 per cent owed between 100,000-500,000 baht and 17.4 per cent between 500,000-1 million baht.

Another 8.2 per cent owed between 1-3 million baht, 2.7 per cent between 3-5 million and 1.1 per cent owed more than 5 million baht.

Some 53 per cent admitted to missing repayments.

About 46 per cent had been subjected to communication regarding repayment (33.5 per cent via letters and 19.6 per cent via debt collectors’ rude verbal communication).

About 22.8 per cent of the in-debt respondents said they had been subject to lawsuits and asset seizure over unpaid overdue debts.

As for their awareness about the Thai government’s measures to aid the creditors, 40 per cent of the respondents said they knew about new loan sources such as The Bank of Thailand (BOT) Debt Clinic, the provincial-level “Pico Finance” loans under Finance Ministry’s supervision (to handle smaller cases and with loans not exceeding 50,000 baht) and the BOT-supervised “Nano Finance” loans for vocational aid (to handle larger loans up to 100,000 baht).

Narumon Mekborisut, chief of the foundation’s Consumer Rights Protection Centre, said Bangkok residents still didn’t have enough information to decide whether to partake in the government’s debt-tackling measures, including the Debt Clinic. Narumon cited Credit Card Debtors’ Club president Chuchat Boonyongyot’s comment in the magazine’s 209th edition (July 2018) that none had at the time passed strict criteria to use the Debt Clinic services.

SOURCE: The Nation



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Bangkok

Humanitarian aid provided to Chinese man swindled by condo broker

Kritsada Mueanhawong

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Humanitarian aid provided to Chinese man swindled by condo broker | The Thaiger

PHOTOS: Tourist Police Bureau

The Shirrine Clinic at Chamchuri Square shopping centre in Bangkok this week offered 10,000 baht cash and other necessary items to a Chinese man who was left penniless after a condominium broker in Bangkok had allegedly swindled him out of almost one million baht.

A case against the suspect is being handled by Phra Khanong police.

The Chinese victim and his baby boy are in trouble as he is also suffering from cancer.

After learning about his the plight of the Chinese victim on the Tourist Police Bureau’s Facebook page and other Thai media, Shirrine Clinic immediately contacted tourist police to provide humanitarian assistance to the Chinese man and his child.

SOURCE:  Tourist Police Bureau

Humanitarian aid provided to Chinese man swindled by condo broker | News by The Thaiger

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Bangkok

Chronically ill man jumps to his death from Bangkok apartment

The Thaiger & The Nation

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Chronically ill man jumps to his death from Bangkok apartment | The Thaiger

by The Nation

A 66 year old man who lived alone and suffered from chronic ailments has been found dead outside a 15 floor apartment building in Bangkok’s Bang Sue district.

It is believed he committed suicide by jumping from the rooftop this morning.

Taopoon police were alerted at 11am that Charn Wanngern died after he fell to the ground in front of the entrance to Building A of Taopoon Mansion.

Police found a suicide note in the man’s room on the 15th floor. No foul play is suspected in the man’s death.

The note also had the mobile phone number of his close friend. Police called him and learned from the friend that Charn used to own a cabaret troupe in Silom and he recently fell and had been suffering from chronic aliments since.

Charn needed to see a doctor regularly and the friend had to take him to his hospital as he lived alone. The friend said he had a schedule to take Charn to see his doctor this Friday.

Police said Charn’s room was on the west side but he fell from the east side of the building so he likely went up to the roof and jumped down.

SOURCE: The Nation

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Bangkok

Man arrested over 50 million baht scam

The Thaiger & The Nation

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Man arrested over 50 million baht scam | The Thaiger

A man has been arrested for allegedly defrauding around 100 stock market investors of about 50 million baht.

Pol Lt Gen Suchate Hakparn, the Immigration Bureau chief who also heads the economic crime centre, says 52 year old Jittaraphon Nisarat was arrested on Tuesday at his apartment in Bangkok’s Phra Khanong district.

Surachate says Jittaraphon was arrested under a warrant issued by the Criminal Court on Friday.

Jittaraphon was accused of collaborating with two other accomplices to convince over 100 victims to invest in their company with a promise of a 10 per cent yield per month for their investment. The investors were asked to invest at least 300,000 baht.

The investors were told that Jittaraphon’s company would invest in the Wall Street stock market for profits in short sales.

Surachate said the investors received the promised returns for just the first three or four months but Jittaraphon then stopped paying the yields and closed his company and disappeared.

Surachate said police are still hunting for the two accomplices, 40 year old Sorachat Klamsaeng and 34 year old Pirayuth Arj-amnuay.

SOURCE: The Nation

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