Thai Airways International, the national flag carrier, appears to be in a deep financial crisis and may have to delay debt repayments or seek new loans. THAI president Sumet Damrongchaitham said this morning (Monday) that he has asked the company’s executives, himself included, to cut their meeting allowances and remuneration voluntarily to show spirit in […]
A deeply indebted man is being treated in hospital after killing his wife, 25, and two young children, then slashing his own throat at his car audio shop in Khlong Sam Wa district on Thursday night. A neighbour called police to the small, one-storey NC Auto Sound premises off Hathai Rat Road in Bang Chan […]
A 62-year-old woman in Chai Nat’s Hankha district was found dead with a slashed wrist in what is believed to be a suicide after she had grown worried about the repayment of a bank loan taken out for a friend. Huay Ngu police station was informed on Tuesday morning that Boonchua Sombatcharoen had been found […]
Sixty-eight percent of Thais are in debt, averaging about 560,000 baht each, mostly from spendings on consumer products and services, according to an opinion survey jointly conducted by Nida Poll and Credit Bureau. Nattha Vinijnaiyapak, director of Nida Poll, said on Monday (July 17) that the pollster surveyed the opinions of about 2,000 samples throughout […]
NAKHON SAWAN:– CCTV caught a vicious fight between two men in a local government office in downtown Nakhon Sawan yesterday with blood spurting all over the floor. In a fight reckoned to be about a debt a man enters the Nakorn Sawan office and is immediately set upon by another at a counter. The fight […]
Cambodian authorities have found the corpse of a Thai casino businessman who went missing from a casino in Cambodia since Feb 14 and is believed to have been killed over a debt dispute. The body of Somnuek Charunchirathian, 51, was found buried near a local temple about five kilometres from Pailin Flamingo Casino, where he […]
Greek debt crisis: Austerity will wreck Europe Athens, 14 December, 2016 – It is exactly five years since Greece joined the European Support Mechanism with the close cooperation of the International Monetary Fund (IMF). At that time, the key and critical financial data were the following: GDP amounted to 222.151 billions at the end of […]
Thai Airways International (THAI) executives must shoulder the blame if they fail to move ahead with the rehabilitation plan for the debt-ridden airline by March next year, Transport Minister Arkhom Termpittayapaisith said. The State Enterprises Policy Commission, known as the “superboard”, will assess the rehabilitation performance of seven state enterprises that are losing money, including […]
