Tags : Bankruptcy


Coronavirus: Korn says THAI Airways should file for bankruptcy to

Former Finance Minister and Kla party leader Korn Chatikavanich has proposed that Thai Airways International files for bankruptcy, so the beleaguered national flag carrier can enter rehabilitation under the protection of the country’s bankruptcy law. The former finance minister said, in his Facebook post today, that this is a golden opportunity for the financially-strapped airline […]Read More


Ex-PAD leaders ‘on road to bankruptcy’

Thirteen former leaders of the People’s Alliance for Democracy (PAD) face bankruptcy after the Appeals Court ordered them to pay around 600 million baht in compensation to Airports of Thailand for the damage they caused in 2008, according to former activist Maleerat Kaewka. Mrs Maleerat, 61, an activist during the Oct 14, 1973 student uprising, […]Read More


Thai Airways International won’t go bankrupt: PM

BANGKOK, Jan 26 – Prime Minister Prayut Chan-o-cha insisted that he would not let Thai Airways International (THAI) go into bankruptcy but it must cut expenses, increase income, sell assets and restructure its organisation. After chairing a meeting of the State Enterprise Policy Commission at Government House today, Gen Prayut said solutions were discussed regarding […]Read More


“One Tablet Per Child” tablet manufacturer goes bankrupt

BANGKOK, 3 January 2014 (NNT) – The Chinese tablet PC manufacturer for the “One Tablet Per Child” program by the Ministry of Education has gone into bankruptcy and expressed its intention to terminate the deal. Advisor to Minister of Education Kitti Limsakul said on Monday that the Shenzhen Yitao Intelligence Control company, the winner of […]Read More


Thai Airways denies bankruptcy rumors

BANGKOK, 7 Jan 2014, (NNT) – National Carrier Thai Airways International has denied rumors spreading on social media that is about to be insolvent. According to Thai Airways, it is fully capable of servicing its debts and it is impossible for the carrier to be anywhere near insolvency as rumored. The airlines has never missed […]Read More


Bankruptcy warned for Thailand if Bt2 trillion loaning bill is

Democrat party-list MP Pusadee Tamthai said Friday evening during last day of the House Debate on proposed Bt2 trillion infrastructure projects that she fears that the kingdom may become financially broke if things did not proceed as claimed by the Yingluck Shinawatra administration. Pusadee said bad planning and corruption could spell doom. Read more: The […]Read More


Bankrupt Briton Jumps To His Death In Bangkok

A 56-year-old British man apparently overcome by financial worries jumped off an 8th floor condominium in Bangkok. Mr. John Douglas Rose had no job in Thailand and was living off an inheritance. However, problems with inheritance taxes had apparently left him broke. Read more: Pattayadailynews.comRead More


Russian tourists stranded including 340 in Phuket

PHUKET: The bankruptcy of one of the largest tour operators in Russia has left thousands of Russian tourists stranded around the globe, including 340 in Phuket. Soopakij Chearavanont, Russian Honorary Consul for Greater Phuket, said the sudden bankruptcy of Lanta Tour Voyage has cost Phuket resorts from tens to hundreds of thousands of baht. Read […]Read More