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Search Result for “creditor”

Showing 1 - 10 of 211

BUSINESS

Bad debt scheme sees 100,000 sign up

Business, Wichit Chantanusornsiri, Published on 13/01/2026

» More than 100,000 people have applied to be part of the debt restructuring scheme "Clear Debt, Move Forward" during its first week, while 1.2 million borrowers are targeted for the first phase of implementation.

BUSINESS

THAI prepares to formulate new strategy

Business, Wichit Chantanusornsiri, Published on 09/01/2026

» The board of Thai Airways International (THAI) Plc has appointed four subcommittees to drive the organisation forward and is preparing to hold a meeting to formulate the company's strategy next month.

THAILAND

TCG invests 3.5 billion baht in an offer to buy MUO.

Published on 04/12/2025

» TCG Social Media Group has announced its preparedness to acquire the rights to the Miss Universe Organization (MUO), backed by international investors, while also providing an update on its ongoing dispute with JKN Global Group Public Company Limited and the rehabilitation of its business and production facilities.

OPINION

G20 must commit to debt relief

Oped, Published on 04/12/2025

» As G20 leaders met in Johannesburg last month, they faced a grim reality: many developing-country governments are spending more than they can afford on debt service. To keep funds flowing to foreign creditors, policymakers have been forced to cut spending on education, health care, and infrastructure. These countries have so far avoided default, but at the expense of their own development.

BUSINESS

Thailand's quiet wealth: Resilience in a volatile world

Business, Published on 01/12/2025

» Imagine living in a neighbourhood where the weather changes without warning. One day the heat rises, the next day the wind shifts, and sometimes the rain falls even when the sky looks clear. That’s what the global economy feels like today rising debt, unpredictable capital movements and mounting currency pressures. But in the middle of this shifting climate, Thailand sits on one of the most stable patches of ground in the region.

BUSINESS

New plan aims to save indebted Thais

Business, Wichit Chantanusornsiri, Published on 04/11/2025

» The government has greenlit a scheme to tackle small borrowers' debt problems, enabling them to re-enter the formal financial system and ease their repayment burden.

BUSINESS

Court to declare former Stark executive bankrupt

Nuntawun Polkuamdee, Published on 30/10/2025

» The Central Bankruptcy Court is set to issue a ruling declaring Vonnarat Tangkaravakoon, former executive and major shareholder of scandal-plagued Stark Corporation (STARK), bankrupt, with orders to distribute assets to 3,417 creditors whose combined claims total 131.4 billion baht.

THAILAND

Vorapak unfazed by loan scandal barbs

News, Aekarach Sattaburuth, Published on 01/10/2025

» A Pheu Thai MP has questioned the government's decision to appoint Vorapak Tanyawong as deputy finance minister, citing corruption charges filed against him by the National Anti-Corruption Commission (NACC) in relation to the Energy Earth loan scandal.

OPINION

Renminbi debt in a dollar-denominated world

Oped, Published on 25/09/2025

» When governments borrow on international markets, they do so overwhelmingly in US dollars. Roughly two-thirds of international debt issuance is denominated in foreign currencies, of which nearly half is in dollars and about 40% is in euros. The rest is spread across other currencies, including the Chinese renminbi.

OPINION

Thai SMEs are in need of a lifeline

Oped, Published on 07/08/2025

» Thailand's small and medium-sized enterprises (SMEs) are quietly suffering through a credit crunch with far-reaching implications. Despite accounting for over 90% of registered businesses, SMEs are finding it harder than ever to access capital. The economic recovery has been uneven, and traditional lenders -- still cautious after the pandemic -- are reducing risk exposure. But the core issue is not merely liquidity; it is the absence of a national system for reviving viable but stressed firms.