Tag: debt
Debt collector who brutally beat up young woman arrested
AFTER a video clip of a debt collector violently beating up a young woman who failed to pay up went viral on social media Nakhon Ratchasima (Korat) provincial police last evening (May 24) arrested and filed three charges against him, Naewna newspaper said. In the video clip the debt collector, Mr. Supachai (surname withheld), or …
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Brutal debt collectors slash man’s head over small loan
A MAN who borrowed 5,000 baht from a loan shark for a female friend who had to repay it with 20 percent interest at 250 baht a day for 24 days was slashed on his head twice by debt collectors after she missed two instalments, TV Channel 7 said today (Mar. 13) The unidentified …
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Temple selling a pair of albino buffaloes to pay off debts
WITH the coronavirus pandemic having led to fewer people making merit and on top of this those who have borrowed money are not repaying their loans, the Abbot of Wat E-ngao temple in Chanthaburi province has now decided to sell a pair of albino buffaloes to make ends meet, TV Channel 7 said today …
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Young woman killed over 60,000 baht debt
A YOUNG woman was shot dead and her body abandoned near a canal in Phatthalung province last night (August 2) with it later being discovered that she had been killed over a 60,000 baht debt, Sanook.com said today. Upon being alerted of the murder at around 7 p.m. Pol. Capt. Sommai Rakchuchuen of Muang Phatthalung …
Govt moves to help Covid-hit credit card debtors
AS the coronavirus pandemic has severely affected a large number of people the government today (Feb. 13) announced that it has roped in 22 credit card issuers and financial service providers to work out debt settlement with clients in need of help, Siam Rath newspaper said. Ms. Trisulee Traisanakul, deputy spokesperson for the Prime Minister’s …
Thai household debt likely to climb further
(Bloomberg News) – Thailand’s household debt, already among the highest in emerging Asia, is expected to rise further as a fresh Covid19 outbreak curbs incomes, weighing on consumer spending and heightening financial-stability risks. Household debt stood at 13.8 trillion baht, or 87% of gross domestic product, at the end of September 2020, up from 79% a …
Thai household debt sinks to new low
(Bloomberg News) Thailand’s household debt, already among the highest in emerging Asia, is expected to rise further as a fresh Covid19 outbreak curbs incomes, weighing on consumer spending and heightening financial-stability risks. Household debt stood at 13.8 trillion baht, or 87% of gross domestic product, at the …
Debt main reason for Cambodians seeking jobs in Thailand
Unmanageable debts are one of the main reasons why many Cambodians have fled across the Thai border in search of employment. This was revealed in a yet to be released survey conducted by the Centre for Alliance of Labour and Human Rights (Central) done on 472 migrant workers who returned from Thailand in Kampung Thom, …
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BTS denies threatening to halt green line over B8 billion debt
BANGKOK Mass Transit System Plc (BTS) today (Nov. 19) denied ever threatening to stop running the green line and its extensions in the northern and southern part of the route over accumulated 8 billion baht operation fee which Bangkok Metropolitan Administration (BMA) does not have the funds to pay, Amarin TV reported this afternoon. Mr. …
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Debt collector badly injured after firing shots at factory workers
THERE was panic at a factory after a stressed out debt collector drove in and fired three shots at workers just as they were leaving for home but fortunately no one got injured while he himself got badly hurt when he backed out of the compound and hit a barrier, Sanook.com reported today (Oct. 6, …
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