PHUKET: Police are searching for a woman who allegedly swindled a ‘rotating savings’ group out of millions of baht.
‘Rotating savings’ is a form of combined peer-to-peer banking and lending system wherein a group of individuals agree to contribute a certain amount of money per month in order to save with and borrow from each other.
Full story: Phuket Gazette
The main purpose of Thailand News is to offer our readers all news from the most popular and trusted newspapers in Thailand & Asia in one place.
Get breaking news and the latest news headlines from Bangkok, Phuket, Pattaya, Chiang Mai, Northern Thailand, Isan, the insurgency-plagued South and Asia.