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Search Result for “debt”

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THAILAND

Arrests made after man beaten in crypto dispute

Wassayos Ngamkham, Published on 26/09/2024

» Nine Vietnamese men have been arrested in Bangkok on charges of illegally detaining a Thai woman and a Taiwanese man and physically assaulting the latter to force him to pay a debt of 1.7 million baht for the purchase of cryptocurrency.

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GENERAL

Thai factory output falls in August

Published on 26/09/2024

» Factory output in Thailand fell in August due to lower automobile production, higher energy prices and flooding in the North, according to the Ministry of Industry, which now says a full-year contraction is possible.

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GENERAL

Thailand risks credit rating downgrade, opposition warns

Bloomberg News, Published on 26/09/2024

» Thailand runs a "very alarming" risk of credit rating downgrades if the government does not rein in its massive pile of debt to prop up Southeast Asia's second-largest economy, according to the country's biggest opposition group.

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THAILAND

True Corporation Closes Oversubscribed JPY141.3 Billion Sustainability Loan

Published on 26/09/2024

» True Corporation Public Company Limited (TRUE), Thailand's leading telecom-tech company and global sustainability pioneer, has successfully secured its maiden sustainability-linked syndicated loan, totalling JPY141.3 billion, for refinancing and debt repayment. This marks the first time a telecom-tech company in Thailand has achieved a sustainability-linked syndicated loan.

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OPINION

BoT ought to revise exchange rate policy

Oped, Chartchai Parasuk, Published on 26/09/2024

» This is not the usual time slot for my article. My articles are usually published every other Thursday. The next one was for Oct 3. However, I feel that the "too strong" Thai baht requires immediate attention.

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THAILAND

Cheaper outpatient costs mulled

News, Apinya Wipatayotin, Published on 26/09/2024

» Public Health Minister Somsak Thepsutin has floated the idea of reducing costs for the treatment of outpatients per visit at hospitals, claiming this measure, if successful, would help create a level playing field through the more equal distribution of funds.

PROPERTY

Firms jittery on new launches

Kanana Katharangsiporn, Published on 26/09/2024

» Residential developers in Greater Bangkok should exercise caution regarding new launches over the next nine months as the market is showing signs of strain, with declining sales and increasing unsold inventory in the second quarter.

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GENERAL

Farm machine market set to grow by 2%

Business, Lamonphet Apisitniran, Published on 26/09/2024

» The value of Thailand's agricultural machine market is expected to grow by 1-2% year-on-year to 70 billion baht in 2024 despite high levels of household debt and the sagging economy, says farm truck maker Siam Kubota Corporation.

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MOTORING

Auto sector reels from falling orders, soaring household debt

Reuters, Published on 25/09/2024

» Thailand's US$53 billion automobile industry is facing a grim future as highly indebted domestic consumers struggle to finance purchases and overseas buyers of its mainstay traditional vehicles increasingly switch to electric alternatives.

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MOTORING

Car slump in August causes panic

Lamonphet Apisitniran, Published on 25/09/2024

» The sluggish automotive industry is causing concern as car manufacturing, domestic sales and exports all fell in August, says the Federation of Thai Industries (FTI).